Candle patterns Strategy

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Candle patterns Strategy

Postby Apprentice » Fri Jun 24, 2011 2:24 pm

Patterns Strategy.png

This Strategy is based on Patterns3 Indicator and Signal
viewtopic.php?f=17&t=903&hilit=pattern&start=10

I wrote this strategy to test candle pattern trading.

We have some interesting results.
For example, the attached chart on M1 using engulfing pattern.


Patterns Strategy.lua
(24.64 KiB) Downloaded 1338 times


Algorithms should be adjusted in the future.
For example, I adjusted engulfing to the Forex.
The original did not give any signals.
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Re: Candle patterns Strategy

Postby thetruth » Tue Jul 05, 2011 1:42 pm

i am testing, can you add an "inverse strategy" parameter,
i know that the engulfing bullish pattern is a bullish signal not a bearish, or can you tell me
were can i find the theory to understand this candle pattern strategy?
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Re: Candle patterns Strategy

Postby Apprentice » Tue Sep 13, 2011 8:50 am

Your request is added to the developmental cue.
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Re: Candle patterns Strategy

Postby Alexander.Gettinger » Tue Sep 13, 2011 11:54 pm

thetruth wrote:i am testing, can you add an "inverse strategy" parameter,
i know that the engulfing bullish pattern is a bullish signal not a bearish, or can you tell me
were can i find the theory to understand this candle pattern strategy?


Please, see this strategy. I added a parameter [TypeSignal] in the strategy.

Download:
Patterns Strategy2.lua
(25.1 KiB) Downloaded 802 times
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Re: Candle patterns Strategy

Postby cmforextrader » Thu Oct 13, 2011 7:29 am

Hi.

The Engulfing Bullish Line open only short order and not long order.

Best Regards
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Re: Candle patterns Strategy

Postby sunshine » Thu Oct 13, 2011 8:17 am

Please check if the parameter "Allow Multiple" is set to "Yes".
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Re: Candle patterns Strategy

Postby Rpleandro » Tue Oct 18, 2011 12:35 pm

This seems to only open short positions...
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Re: Candle patterns Strategy

Postby sunshine » Wed Oct 19, 2011 3:09 am

The strategy has the parameter "Allowed side". If it is set to "Sell", the strategy is allowed to open only short positions.
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Re: Candle patterns Strategy

Postby giancarloniro » Tue Nov 29, 2011 8:56 am

Hi there,

I was wondering if there was a way to get this strategy to trade both ways (long and short) as it only seems to go short?

I know I have set the parameters correctly
Allowed side - Both
Allow Multiple - Yes

Looking at the backtesting I have done, the strategy does not seem to recognise bullish patterns such as morning star and bullish engulfing.

Can anybody help?
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Re: Candle patterns Strategy

Postby Stance » Wed Jul 22, 2015 9:35 pm

What does "Engulfing Bullish Line" and "Engulfing Bearish Line" mean?

It doesn't seem to pickup Bullish Engulfing and Bearish Engulfing candles? Can this be added?
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