by neel111 » Thu Aug 20, 2020 3:31 pm
hi,
i expect if modify this strategies with scalping purpose,
if anyone did earlier or tried this would great help and appreciated
** attached pic. for easy understanding (it show standard buy and sell indication on Engulfing Stg.)
Modification expected ,
1 -manually adjusted time delay (0-20 second) before execute order
** for example , time delay set for 5 second, now new candle started and Engulfing BUY signal created it wait for 5 second before execute buy order, within 5 second if signal disappears than order doesn't execute. and time delay reset, (same or new candle) again Engulfing BUY signal generated than 5 second delay starts before execute BUY order. same on SELL signal
** Means when candle starts and Engulfing arrow(signal) generated, it auto execute Order(Buy/sell as per Eng Signal ) but delay as per adjusted time, if Engulfing arrow(Signal) disappear within that delay time than order doesn't execute and wait till second time Engulfing Signal (buy / sell) either new candle or same candle, every time Engulfing signal generated ,before execute order, it should respect manually adjusted time delay (0-20 seconds)
2 ) default profit 8 pips & stop loss 3 pips ( adjustable )- what ever reach first trade must close
3) # of open Trade
** one at a time either buy or sell, no execution of second trade till first closed,
4) trade direction selection - options (dialog box selector)
(op-1)
Both side (filter with )- if candle ABOVE 9 EMA/MVA only generate BUY order
if candle BELLOW 9 EMA/MVA only generate SELL order
(op-2 ) Buy ONlY - auto execute only engulfing BUY signal if candle ABOVE 9 EMA/MVA only
(OP-3 ) SELL only - auto execute only engulfing SELL signal if candle BELLOW 9 EMA/MVA only
5) ** OPTIONAL ** only if its logical to add it will be more conservative in auto execute order
its about Extra filter Stochastic with (ON/OFF - selector)
with ON (condition ) - if Stochastic > 80 + EMA/TMA/MVA bellow 9 + Engulfing sell signal
if Stochastic <20+ EMA/TMA/MVA above 9 + Engulfing buy signal
with OFF - Stochastic will not consider
- Attachments
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- Normal trade pattern
- engulful.jpg (19.32 KiB) Viewed 6048 times