Bollinger Bands Strategy Experiment using Bullish Harami and Engulfing Candle Rejections from lower band, when RSI is oversold.
Various risk management settings, and exit options to implement or further refine in further development to your liking.
Does not produce results often, however consistently delivers great results once tuned to your chosen asset.
This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators.
Convergence is the solution to my trading problems.
It's a puzzle with infinite possibilities and only a few working combinations.
Here's one that I like
- Engulfing pattern
- Price vs Moving average for detecting a breakout
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
- For purpose educate...
I've been trying to put a stop loss in the High or Low of the last second bar after I open a position but in this example the only way to close it, is with the opposite action. Does anyone know how to put a stop loss and order with just stop loss and close when there is a bullish or bearish engulfing bar?
Hello Guys! Nice to meet you all!
This is my first open source script!
### Long Condition
1. Bullish Engulfing Candle
2. No doge Candle
3. Present volume should be bigger than the previous volume (20%)
4. Trend filter (with 2 EMAs)
### Close Condition
1. When trend Changes
2. When Bearish Engulfing Candle appears
No stop loss and take profit.
This is a bearish candlestick reversal pattern formed by two candlesticks.
Following an uptrend, the first candlestick is a up candlestick which is
followed by a down candlestick which has a long real body that engulfs or
contains the real body of the prior bar. The Engulfing pattern is the reverse
of the Harami pattern.