Harmonic pattern helper Engulfing bar
- Paul Conrad Carlson
- Version: 1.0
This EA trades an engulfing pattern in a manually input price range designed to help trade harmonic patterns
like gartey,bat,butterfly ect.
Cannot be backtested because only ONE trade is opened every time EA is attached to chart.
- This EA takes long trades only for bullish patterns.
- Trades on an engulfing pattern that close price is between the manual input price range
- manually input upper and lower price in which the engulfing bar can form
- identify a bullish harmonic pattern using another indicator
- then this ea will buy when a bullish engulfing candle occurs in your input price range.
- meaning the last bar was red and current bar green and larger.
- will trade engulfing candle on any time frame chart is set to.
- ONLY TRADES ONCE when the ea is attached to chart .
- Will only open one trade so if multiple engulfing patterns occur only one position is opened.
- to set it again after a trade delete from chart and re attach.
- or if you would like to look for engulfing candle on different time frames attach to multiple charts.
Been waiting for something like this before, and even limited backtesting shows promise. Keep up the good work!