The Ultra MTF Engulfing Bot is an advanced algorithmic trading system built around the Engulfing candlestick pattern, enhanced with multi-timeframe (MTF) confirmation to deliver high-probability trading signals.

Trading Logic

The bot scans the market for bullish and bearish engulfing patterns that occur simultaneously across multiple timeframes. This multi-layer confirmation helps filter out weak setups and improves overall trade accuracy.

• BUY Signal:
• • A bullish engulfing candle forms over a previous bearish candle
  • Confirmed across multiple timeframes (main TF + TF1, TF2, TF3)
• SELL Signal:
• • A bearish engulfing candle forms over a previous bullish candle
  • Same multi-timeframe confirmation required

Trade Entry

• Entry is executed at the exact close price of the signal candle
• Orders are placed using limit orders for precision execution

Risk Management

• Stop Loss is based on previous structure with a configurable buffer
• Take Profit is calculated using a dynamic Risk/Reward (RR) ratio
• Two risk modes:
• • Fixed lot size
  • Percentage-based risk per trade

Smart Trade Management

• Spread filter to avoid unfavorable market conditions
• Signal cooldown to prevent overtrading
• Optional separate cooldown for BUY and SELL trades

Trailing Stop

• Optional dynamic trailing stop
• Automatically locks in profits as the trade moves in your favor

Objective

To capture high-quality trading opportunities by combining:

• The strength of engulfing price action
• Multi-timeframe confirmation
• Strict and adaptive risk management