Engulfing Patterns Strategy

[Apprentice]

Bullish Engulfing patterns
Open Long Trade
Bearish Engulfing patterns
Open Short Trade

Engulfing Patterns Strategy.lua

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The signals are based on a bearish / Bullish engulfing patterns Indficator
viewtopic.php?f=17&t=1613

The Strategy was revised and updated on December 18, 2018.

[MrDavide79]

Hello
what tipe of value i can use this strategy ?
thanks

[speakinmymind]

Can you add the size of the previous candle, and the size of the current candle as optimize-able parameters?

[Apprentice]

Please explain.
Size of the candle, minimum size, ratio between the two ...

[speakinmymind]

Please explain.
Size of the candle, minimum size, ratio between the two ...

Well the Engulfing Patterns looks at the previous candle to generate signals. A possible filter that would effect results would be restricting signals based on the size of the previous candle. If the previous candle is too small (rather in pips or in relation the the current candle) the signal will not be generated.

Setting acceptable size range of the looked at candle and the size of the current candle will allow you an additional option in which to optimize this strategy.

The idea is that this strategy should be as optimize able as the Hanging Mans Strategy.

viewtopic.php?f=31&t=24509

Regards.

[sqrrl99]

Could a moving average filter be added so that it will only take patterns going in certain directions? Also, is it possible to stop it from closing trades on an engulfing pattern going in the opposite direction?

Thanks,

Jason

[Stance]

Can "live" (executed as soon condition is met) be added to this strategy?

[Stance]

Hi, could you add tickbase / live to this strategy?

Thankyou

[Apprentice]

Please specify trading conditions.

[Coondawg71]

Is it possible to make Engulfing Patterns Strategy compatible with Line Break View charts?

I tried it on one minute time frame and it does not report an alert.

Thanks!

sjc