Termos de Referência
Engulfing based strategy (EA).
-Definition of engulfing candle
the candle must be determined based on a specific point
Determining the prices of other candles before the engulfing candle
-Opening conditions
It is defined by the engulfing candle, therefore it is dynamic.-Definition of TP
There are two possible scenarios for the Take Profit (TP), both defined by the engulfing candle:
Scenario 1: Exit based on RSI levels when predefined thresholds are reached.
Scenario 2: TP based on the body size of the engulfing candle.
-Breakeven
The Take Profit is also determined by the engulfing candle. There is one main scenario with two options, both defined by the characteristics of the engulfing candle:
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Option A: Exit based on RSI reaching specific levels.
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Option B: Exit based on the size of the engulfing candle’s body.
-RSI indicator
detailed description
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