Buy&Sell Bullish Engulfing
Last updated
Last updated
This backtesting software analyzes the performance of a Bullish Engulfing Candlestick Pattern strategy, developed by our team and released as open source as a contribution to the community.
Strategy type: manually or automatically executable
Applicability: stocks, indices, forex, cryptocurrencies, ETFs, etc.
Buy&Sell strategy based on entering long positions when the Bullish Engulfing pattern is detected.
When the pattern is detected, the algorithm opens a single long trade [A]. The capital used in a trade is calculate following the formula:
Initial Capital * Orders Size (%)
Where Initial Capital is a value found in the Properties section of the user interface, and Order Size (%) in the Inputs section.
The position is closed when the calculated take profit or stop loss on equity is reached [B].