吞噬者 (Engulfer)

Engulfer Trading System (ETS) uses engulfing as an entry method where trader can select the number (n) of engulfed candles (e.g. 1, 2, 3 ... etc).
The system generates both trend reversal signals and trend continuation signals after pull backs.
It uses high RR (Reward to Risk) ratio, 3 or higher.

The engulfing method implemented here is as follows:
- The system acts on the CURRENT candle to benefit from the break out momentum
- Bullish Engulfer (LONG Signal --> Buy):

* The current candle price should exceed the Highs of all (n) previous candles

* The immediate previous candle should be bearish

* The Low of the current candle should be less or equal than the close of all (n) previous candles

* The current candle price should exceed the Lows of all (n) previous candles

* The immediate previous candle should be bullish

* The High of the current candle should be greater or equal than the close of all (n) previous candles

// Entry & Exit :--------------------------------------------

- Buy on Bullish Engulfer with stop loss at previous candle low, profit target = RR x Stop Loss

// Position Sizing :-----------------------------------------

- Position size can be fixed or automatically calculated by the EA based on Stop Loss and Risk percentage of account free margin, for each trade.

// Trade Timing :---------------------------------------------

- EA has a trading time filter (start hour to end hour Inclusive)

- Time filter is used only for opening trades. While closing is based on SL or TP which can happen any time.

- Time used is Broker Time

- I found better results during European Session GMT 6 to GMT 16, so for example my broker time is GMT + 3, my timing filter will be 9 to 19 ... and so on.

// Constraints :---------------------------------------------

- Only one position at a time per pair/tf

- Only one trade can be taken on the same candle

Sample Chart : EUR/USD H1 with (n) candles set to 3 and RR set to 2



Tester report : EUR/USD H1 - 2015 with (n) candles set to 2 and RR set to 5



Enhancement Requests ;

1. kohones : an option to close all positions at profit target "x" (Money / Equity Percentage)
2. abokwaik : Min SL, Max SL, TS, Min Engulfer Range
3. MathTrader7 : Break Even option., No Trades on same bar where last trade was closed.
4. wattaman : entry on retrace %