DislikedAn alternative approach, which is the only way I trade engulfing bars, is to enter on a retrace to the 38.2. This is a good way of increasing your reward:risk ratio. Your win rate goes down because some of these setups never turn around and move in the right direction. But total profitability goes up vs just entering at market on the close of a bar.Ignored
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts | Online Now
MT4/MT5 EAs/Indicators/Alerts coder