Hi hzs10, thnaks for sharing, look like simple, but can you explain, which one do you entry? or why you not entry?
Thanks
Thanks
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DislikedVery simple strategy and less taxing to the mind. I will try and get this coded and test on multiple instruments and see what comes. fingers crossed xxIgnored
Disliked1. Add EMA 30 2. Follow the trend 3. Look for engulf pattern. The high/low of the current bar need to cover the high/low of previous bar. 4. Enter at the next open bar. 5. Long when PA above EMA 30, and short when PA below EMa 30 6. Use Fibo to determine SL and TP Many talks abt RR. But if the price the hit ur target and go against you what is the point. I only see profitability. The ratio of win to lose. That determine whether a trader is a consistent profitable trader. As long as i profit i dont care how much as long SL and TP is acceptable to...Ignored
Disliked{quote} Thanks for sharing, pretty easy to understand, objective and no double guessing. Would you please tell us what broker you’re using? Sometimes broker data varies and CSs may look different. Below I attached screenshots of IronFX, Tradersway and TheTradersDomain, you can see there is quite a difference on what looks to Ben engulfing CS. {image}{image}{image}Ignored
DislikedConcerning my earlier post regarding the fact that if an additional setup occurs during a trade of the same direction you can double (or more) the position size...Over 100s of trades across several pairs I have seen only 2 that did not work out.Ignored
DislikedHere is a simple engulfing candle indicator. It considers the full candle, wick and all. https://www.screencast.com/t/dh0tSIqYhu {file}Ignored
DislikedI found this strategy to be quite interesting so I have coded a indicator to simplify the strategy and also to scan all the currency pairs. {image} {file}Ignored