Engulfing + Engulfing Fail Robot

This bot was inspired by the Engulfing strategy from EgMan and the other Malaysian SnR strategy members.

Some members contacted me about their variation of Engulfing + Failed Engulfing entry combination on the 15 minute with confluence of 4 hour engulfings being very effective for them. I'm releasing this robot for free as I don't use this strategy and you are free to come up with your own setfiles.

Here is a link to the basic strategy mentorship (I am not the owner).

Settings:

Use on 15m only.

Start Time and End Time - Trades will not be executed outside of this time.

Risk Type:

1. Percentage Risk: This will calculate the lot size using the stop loss pips and “% Risk” setting
2. Fixed Lot: This will use “Volume” setting as the lot size for every trade.

Take Profit Method:

1. Risk Reward Ratio: This will calculate the take profit to be stop loss multiplied by “Risk Reward Ratio” setting
2. Pips: This will calculate the take profit for every trade using the “Take Profit Pips” setting

Stop loss method:

1. Entry Candle: This calculates the stop loss to be the size of the entry candle
2. Pips: This will set the stop loss for every trade using the “Stop loss pips” setting

Use 4h Confluence: This will check that EF + EG has touched a 4 hour bearish/bullish engulfing, and will draw the 4H engulfing on screen.

If you have ideas on how to improve this bot, please contact me on telegram @gabriellejesus