EngulfingEA for MT5 is an automated trading robot that uses engulfing candle patterns to capture strong market reversals. Ideal for Gold (XAUUSD) and Forex with fixed TP, SL, and smart trailing stop.
Smart EA for Big Profits: Engulfing Candle Power
Introduction
If you’re serious about trading gold or volatile forex pairs, you’ll know how tricky it is to keep emotions out, catch big moves and still stay disciplined. That’s exactly why we created EngulfingEA for MetaTrader 5 a smart robot that uses classic candle patterns to take the heavy lifting off your hands.
Why candle patterns matter
When price action speaks clearly, it can show you when momentum is shifting. One of the most reliable signals in this space is the engulfing candle pattern. Simply put: one candlestick “swallows” the prior one, showing a dramatic shift between buyers and sellers. Babypips.com+LiteFinance
For example, in a down-trend you might see a small red (bearish) candle, followed by a large green (bullish) candle that engulfs the prior body. That tells you buyers have taken over. Investopedia+trendspider.com
That’s the kind of shift EngulfingEA is built to detect automatically.
What EngulfingEA does
Here’s how the EA works under the hood it keeps things simple, robust and fully automated:
Bullish setup (Buy):
- First candle = at least 10 pips bearish (a red candle)
- Second candle = at least 100 pips bullish (a green candle)
- The EA opens a Buy trade
- Stop Loss = 200 pips
- Take Profit = 1,500 pips
Bearish setup (Sell):
- First candle = at least 10 pips bullish (green candle)
- Next candle = at least 100 pips bearish (red candle)
- EA opens a Sell trade with the same SL and TP levels
Trailing stop system:
- Trailing begins after +70 pips of profit
- Trail step is 10 pips — the EA locks in gains as the trade moves in your favour
Trade management & extras:
- Fixed lot size (default 0.10, but you can change it)
- Max open trades = 10
- Trade comment & magic number included so you can track your trades
- Can run on gold (XAUUSD) or on volatile forex pairs
Why this EA might suit you
Because you want:
- A system that takes emotion out of the equation
- Clear trade rules you can understand and monitor
- A chance to catch large market moves (especially in gold or volatile pairs)
- An automated trailing stop so you don’t have to babysit trades
How to install it on MT5
Just follow these steps:
- Download the EA file (either .mq5 or .ex5)
- Open MT5 platform and go to File > Open Data Folder
- In the folder go to MQL5 > Experts
- Paste the EA file there
- Restart MT5
- In the Navigator panel find “EngulfingEA” under Expert Advisors
- Drag it onto the chart of the symbol you want (e.g., XAUUSD)
- Enable AutoTrading (the green button at the top)
- Adjust inputs: Lot Size, StopLoss, TakeProfit, Trailing step etc
- Let it run, and it will automatically monitor candle patterns and place trades
Recommended settings
- Symbol: XAUUSD (gold) or high-volatility forex pairs such as GBP/JPY
- Timeframe: M15 or H1 for more frequent signals; H4 works too for stronger signals
- Lot Size: Start with 0.10 (or lower if you’re cautious)
- Stop Loss: 200 pips (default)
- Take Profit: 1,500 pips (default)
- Trailing: Start at 70 pips, step = 10 pips
- Max Trades: 10
Example scenario
Imagine you are trading gold on the H1 timeframe:
- A red candle drops 10 pips or more.
- The next candle jumps up 100 pips or more (green) → bullish engulfing.
- EngulfingEA spots this and opens a Buy trade with SL = 200 pips and TP = 1,500 pips.
- Once the market is +70 pips in profit, the trailing stop triggers and starts moving every 10 pips to lock-in gains.
- If the price reverses, your stop may be triggered but you’ve handled risk and given the trade room to run.
Best practices and tips
- Test first on demo: Always run on a demo account before switching live.
- Avoid low-liquidity periods: For example during the Asian session when spreads widen and volatility drops.
- Control your risk: Don’t risk more than 2 % of your capital on any one trade.
- Use volatile instruments: This EA works best on instruments with strong moves (gold, GBP/JPY, maybe crypto pairs).
- Check your broker’s spread: Narrow spread brokers give the EA better conditions.
- Use a VPS: If you want the EA to run 24/7 with minimal interruptions.
Why choose EngulfingEA?
- It’s simple: One clear rule (engulfing candle) + fixed risk/reward + trailing stop.
- It’s hands-free: Once set up, it trades automatically.
- It’s designed with gold/volatile pairs in mind: That’s where large moves happen.
- It puts risk control in your hands: Fixed SL/TP, adjustable lot size, max trades.
Things to keep in mind
- This isn’t a magic bullet: No EA guarantees profits. Markets change.
- It works best in trending or strong reversal markets in choppy/ranging markets you may get more false signals.
- Requires stable internet connection, low latency and good broker execution.
- You’ll still want to monitor performance and adjust settings if market conditions change.
Final thoughts
If you’ve been searching for an automated system that uses one of the most classic candle patterns the engulfing candle then EngulfingEA gives you a disciplined, hands-off way to trade. It’s built around a simple yet powerful concept, with risk control and trailing built in.
Start on demo, fine-tune settings for your broker and asset, and when you’re comfortable make the move. With consistency and proper risk control, this could become the automated assistant you’ve been looking for.
Disclaimer:
Trading in financial markets involves substantial risk and may not be suitable for all investors. EngulfingEA for MT5 is an automated trading tool designed for educational and testing purposes only. Past performance is not indicative of future results. Users should always test the EA on a demo account before applying it to live funds. Neither the developer nor affiliates shall be liable for any financial loss resulting from the use of this software. By using this EA, you acknowledge and accept full responsibility for your trading decisions.
Can I use EngulfingEA on forex pairs other than gold
Yes. It works on major forex pairs (EUR/USD, GBP/USD, USD/JPY, etc.) — just know you’ll likely get fewer large-moves compared to gold.
Which timeframe is best
M15 and H1 are good for more frequent signals. H4 can work for stronger but fewer setups.
Does it use Martingale or grid strategies
No. It uses fixed lot size and fixed SL/TP. No dangerous strategies built in.
Can I change the lot size
Yes — you can adjust lot size in the EA inputs before you attach it.
Does it guarantee profits
No. There’s always risk involved. Use proper risk management.
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