Trading engulfing patterns has never been this easy…

This “Engulfing Setup” Indicator Automatically Detects High-Probability Engulfing Patterns For You… Then It Tells You All Of The Important ENTRY, Stop-Loss, Take Profit 1 and Take Profit 2 Levels…

When a high-probability engulfing pattern appears, this “Engulfing Setup” indicator INSTANTLY gives you an alert (pop-up, sound, and push alerts)… with Entry, Stop Loss, Take Profit 1, and Take Profit 2 suggestions.

Here’s an example:

Here’s why it’s important to you:

If you’ve been trading for a while, you must be familiar with the Engulfing pattern. It’s one of the most popular patterns among FX traders.

But here’s the problem:

Not every engulfing pattern is a high-probability setup. And not every engulfing pattern is worth trading…

There are several factors that will increase the chance of success of a engulfing pattern.

For example, if a engulfing pattern occurs during a strong trend after price retraces to a support or resistance level, it’s more likely to succeed.

But that’s not enough…

Here’s what most traders miss out:

What matters the most is the size and the structure of the engulfing pattern itself…

Specifically, the relative size of the 2 component candlesticks of a particular engulfing pattern. And… the relative size of the 2 candlesticks’ wicks and bodies.

These factors will determine whether that particular engulfing pattern is capable of signaling a winning trade.

From our statistical studies, I discovered a certain STRUCTURE that makes an engulfing pattern more likely to succeed.

And I coded this structure into the algorithm of our new Engulfing Setup indicator.

So that this indicator could do all the hard work for you.

It automatically finds all of the high-probability engulfing patterns for you…

So you don’t have to lift a finger.

Let’s look at a few of these high-probability setups:

There are 2 bearish engulfing setups that you should pay attention to (labeled 1 and 2).

For setup (1), an engulfing pattern was formed when the price was testing a previous resistance zone. And the price was also hovering around an important round number level: 123.000. All these factors pointed to a high-probability setup. If you had decided to take this setup, you would have gotten yourself a nice, profitable trade.

And not long after that, another engulfing pattern was formed. This time, it is a continuation pattern, telling us that the current prevailing trend is likely to continue. For each of these 2 engulfing setups, both Take Profit levels are hit, leaving us with a nice profit.

So… what could we learn from this example?

Two things:

First, we learn that we should trade in the direction of the prevailing trend.

Two, we learn that we should combine engulfing patterns with other old-school time-tested trading concepts to increase our chance of success. I’m talking about concepts like: support and resistance, round-number levels, etc…

But anyway, automatically identifying high-probability engulfing setups is just the 1st thing this “Engulfing Setup” indicator does for you…

The 2nd thing this indicator does for you is:

For each trade setup, the indicator also tells you the optimal Entry, Stop Loss, Take Profit 1, and Take Profit 2 levels. And it automatically plots these levels on your chart, so you can see them very clearly…

Take a look at this photo to see what I mean:

See how clear everything is: the Entry, Stop Loss, Take Profit 1, and Take Profit 2 levels…

And on top of all that, maybe the most interesting feature of this “Engulfing Setup” indicator is…

You have total FREEDOM and FLEXIBILITY: You can choose which method you’d like to use to calculate these stop loss and take profit levels…

You can choose to calculate your stop loss based on: the pattern’s high and low price… OR… number of pips… OR… the pair’s volatility (using Average True Range).

And you can choose to calculate your take profit based on: reward/risk ratio.. OR… number of pips… OR… the pair’s volatility (using Average True Range).

Here’s a tip: For me personally, I’d use Reward/Risk ratio as my method for calculating take-profit levels. That way, I could be sure that my Reward/Risk ratio would be at least 2:1. And as a consequence of that, I’d only need to win 50% of the trades to be profitable.

By the way, here’s a screenshot of me changing the method of calculating stop loss. So you can see what I mean:

By the way, it’s very very easy to trade with Engulfing Setup indicator because…

The indicator gives you all kinds of alerts: Pop-up, Sound, Email, and Push Notifications as soon as a setup appears…

Plus… you’re in total control. For example, you can change the color of any text, entry, stop loss & take profit.

And… you can even change how the indicator defines an engulfing pattern. For example, if you’d like to be strict and want to identify only the highest-quality patterns, you could choose the identification method of “Body B engulfs Range A” instead of the standard method “Body B engulfs Body A”: