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Engulfing Price Pattern Metatrader 4 Forex Robot

    The Engulfing Price Pattern Metatrader 4 Forex Robot is an automated trading software that utilizes an Engulfing chart pattern and some moving averages to trigger buy/sell trade signals that are executed on autopilot.

    The Engulfing forex robot functions on all time frames on major currency pairs, for instance GBP/USD, EUR/USD, USD/JPY, USD/CAD, etc.

    You can test on other MT4 symbols as well.

    The Engulfing EA can be further enhanced by tweaking the EA’s inputs values.

    In addition, the Engulfing expert advisor automates the process of spotting these reversal patterns and it acts on it by triggering buy and sell positions.

    Position management on the Engulfing forex trading robot is flexible and once values are set, the EA takes it up from there.

    Free Download

    Download the “ENGULFING.mq4” MT4 robot

    Strategy Tester Report

    Find below the Engulfing Price Pattern forex robot strategy tester report for the EUR/USD forex pair on the 4-Hour chart.

    Overall Performance

    The EA made a total profit of $2168.13 from a total of 73 trades. The largest winning trade generated $392.16 in profits, while the largest losing trade generated a loss of-$198.07.


    Bars in test: 9991 ticks modelled

    Initial deposit: $10000.00

    Total net profit: $2168.13

    Total trades: 73

    Largest profit trade: $392.16

    Largest loss trade: -$198.07

    Consecutive wins: 4

    Consecutive losses: 1


    Download the “ENGULFING.ex4” Metatrader 4 robot

    MT4 Forex Robot Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Expert advisor

    Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA…

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Engulfing Pattern | MA


    Copy and paste the ENGULFING.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Experts (paste here)

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