Evening Star Pattern EA with Percentage-of-Margin Position Sizing
Summary
This document outlines an expert advisor that trades the Evening Star candlestick pattern. It says the EA does not draw on the chart, while an underlying indicator illustrates the pattern. Position size is based on a chosen risk percentage of free margin, and the user can set take-profit and stop-loss distances in pips.
Other settings control whether the EA buys or sells, how many bars to shift the pattern check, and whether to account for a price gap, the second candle's type, and candle sizes. A further option determines how opposite positions are handled. The document points readers to indicator code for the pattern definition, but does not provide that definition here. It includes no test methodology, performance results, market selection, or evidence that the configuration is profitable, so it describes configurable mechanics rather than a validated strategy.
Key ideas
- The expert advisor opens positions based on an Evening Star pattern.
- Trade size is set using a risk percentage of free margin.
- Users can configure stop loss, take profit, signal shift, and pattern filters.
- An option controls how the advisor handles positions in the opposite direction.
- The document provides no performance evidence or detailed pattern definition.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.