Dear Friends
Can you make engulfing strategy that opens positions as follows?
Bullish engulfing, open position only if engulfing candlestick has touched the MA & closed above it
Bearish engulfing, open position only if engulfing candlestick has touched the MA & closed below it
Also, can you make stop loss & take profit as follows?
For long, place stop loss at the low of the engulfing candlestick, take profit at twice the stop loss
For short, place stop loss at the high of the engulfing candlestick, take profit at twice the stop loss
Finally, can you make money management where strategy loses 2% of the equity when stopped?
Thank you!