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Engulfing Patterns Strategy

Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=24466
Forum: 31 · Topic 24466 · 12 post(s)


Engulfing Patterns Strategy

Apprentice · Mon Oct 15, 2012 5:12 am

Engulfing Patterns Strategy.png

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

Engulfing Patterns Strategy.lua

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.


Re: Engulfing Patterns Strategy

MrDavide79 · Tue Oct 16, 2012 5:21 am

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


Re: Engulfing Patterns Strategy

speakinmymind · Wed Apr 03, 2013 1:36 pm

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


Re: Engulfing Patterns Strategy

Apprentice · Thu Apr 04, 2013 5:00 am

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


Re: Engulfing Patterns Strategy

speakinmymind · Thu Apr 04, 2013 9:22 am

Apprentice wrote: 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.


Re: Engulfing Patterns Strategy

sqrrl99 · Tue Mar 25, 2014 12:39 pm

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


Re: Engulfing Patterns Strategy

Stance · Thu Jul 23, 2015 3:43 am

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


Re: Engulfing Patterns Strategy

Stance · Sun Aug 09, 2015 8:10 pm

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

Thankyou


Re: Engulfing Patterns Strategy

Apprentice · Sun Aug 16, 2015 4:56 am

Please specify trading conditions.


Re: Engulfing Patterns Strategy

Coondawg71 · Sat Oct 17, 2015 2:04 pm

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


Re: Engulfing Patterns Strategy

Apprentice · Mon Oct 19, 2015 5:21 am

Your request is added to the development list.


Re: Engulfing Patterns Strategy

Apprentice · Wed Dec 14, 2016 4:05 am

Strategy was revised and updated.