Engulfing Strategy

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Re: Engulfing Strategy

Postby Apprentice » Mon Mar 22, 2021 4:14 am

Your request is added to the development list.
Development reference 303.
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Re: Engulfing Strategy

Postby Apprentice » Tue Mar 23, 2021 1:30 pm

It already has a high/low option.
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Re: Engulfing Strategy

Postby foreveryoung » Wed Mar 24, 2021 10:01 am

Tried it, i do not understand the logic behind it (i.e. what low/high strategy considers), and it definitely does not place a stop loss at the high/low of the engulfing candle
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Re: Engulfing Strategy

Postby foreveryoung » Wed Mar 24, 2021 11:55 am

I understand that the idea with high/low is to check backwards the number of candlesticks set in the stop loss label, and pick the lowest value for long and highest value for short, however, it does not work like this. I set value in stop loss label at 3 (i.e. check previous 3 candlesticks?) and strategy placed the stop loss for a short position at the high of the 11th candlestick (including the signaling candlestick in the count), which was not the highest value either (the highest value was the second one counting backwards).
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