engulfing candle strategy
automated algo that trades engulfing patterns with TP/SL based on candle size and full day-of-week customization.
information
engulfing candle strategy|edgeful.com
what it does
this strategy identifies engulfing candlestick patterns and enters positions accordingly - long on bullish engulfing, short on bearish engulfing. TP and SL are calculated as percentages of the engulfing candle's size (distance from close to high/low).
entry and exit parameters can be customized for each day of the week. engulfing candle size filters prevent trading on patterns that are too small or too large. a session box visualization shows the New York trading session.
key features
automatic engulfing pattern detection
TP/SL based on engulfing candle size
day-of-week specific settings
engulfing size percentage filters
NY session box visualization
explainer chart
engulfing candle strategy|edgeful.com
