ProEngulfing Forex Trading Robot

This code is a sample implementation of the ProEngulfing Forex Trading Robot, developed by the Forex Robot Easy Team. This robot is designed to generate trading signals based on the engulfing pattern in the Forex market.

How it Works

1. Necessary Libraries and Dependencies:

   • The code includes the necessary libraries and dependencies, such as iostream, vector, and cmath.

2. Constants and Variables:

   • The code defines several constants and variables that can be customized according to user preferences. These include the entry threshold, exit threshold, stop loss level, take profit level, and position size.

3. Generating Trading Signals:

   • The generateSignals function takes a vector of historical prices as input and returns a vector of trading signals.
   • It iterates through the prices and identifies engulfing patterns based on the current, previous, and previous previous candlestick prices.
   • If a bullish engulfing pattern is detected, a buy signal is generated. If a bearish engulfing pattern is detected, a sell signal is generated. Otherwise, no signal is generated.

4. Executing Trades:

   • The executeTrades function takes the generated signals as input and executes trades accordingly.
   • It maintains a current price, current position, current stop loss, and current take profit level.
   • For each signal, it checks if the current position needs to be closed or a new position needs to be opened based on the signal type (buy or sell).
   • It also checks if the stop loss or take profit levels are hit, and closes the position if necessary.

5. Main Function:

   • The main function initializes a vector of historical prices and calls the generateSignals and executeTrades functions.
   • It can be modified to use real-time market prices and interact with a trading platform.

Product Description

The ProEngulfing Forex Trading Robot, developed by the Forex Robot Easy Team, is an automated trading software designed to identify and execute trades based on the engulfing pattern in the Forex market. It aims to provide traders with a reliable and efficient tool to take advantage of profitable trading opportunities.

Key Features:

• Customizable entry threshold, exit threshold, stop loss level, take profit level, and position size.
• Generates trading signals based on the engulfing pattern, a widely recognized and reliable technical analysis pattern.
• Executes trades automatically based on the generated signals.
• Monitors and adjusts stop loss and take profit levels to manage risk and maximize profits.
• Supports integration with real-time market data and trading platforms.

Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample implementation of the code that can work as described in the product. For detailed reviews and trading results of the ProEngulfing Forex Trading Robot, please visit forexroboteasy.com. To find the official developer of this product, we recommend using MQL5, a popular platform for Forex trading software and indicators.