cma

Bullish and Bearish Engulfing Strategy

I've been trying to put a stop loss in the High or Low of the last second bar after I open a position but in this example the only way to close it, is with the opposite action. Does anyone know how to put a stop loss and order with just stop loss and close when there is a bullish or bearish engulfing bar?
Von Favorisierten Skripten entfernen Zu Favorisierten Skripten hinzufügen
//@version=2
strategy("Super Envolvente", overlay=true)

secLast = 1

checkingHighsAndLows(position) =>
    high >= high[position] and low <= low[position]

isBearishEngulfing(position) =>
    checkingHighsAndLows(position) and open >= close[position] and open >= open[position] and close <= open[position] and close <= close[position]

isBullishEngulfing(position) =>
    checkingHighsAndLows(position) and open <= close[position] and open <= open[position] and close >= open[position] and close >= close[position]


longCondition = isBullishEngulfing(1)

if (longCondition)
    strategy.entry("Long Entry", strategy.long)

shortCondition = isBearishEngulfing(1)

if (shortCondition)
    strategy.entry("Short Entry", strategy.short)
Tool is very good to get the indication just after the Engulf happens,
Can this code be tweeked in such a way that the entry is valid only it breaks the low or high of the engulfing candle, and SL Low or High of the Engulfing candle.
example, if the high breaks (Engulfing Candle), then Long, and SL is Low of engulfing Candle, and vice-versa for Sell position?

That will be of immense value and help to get the strategy tested.
Antworten
cma RP5405
@RP5405, sorry for the late answer, this platform doesn’t notify me when there is comment. It’s not hard to code what you say but the problem is close the position.
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Charting Lösungen Hilfe Themen Feature-Anfrage Blog & News FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung TradingView Coins Meine Support Tickets Hilfe Themen Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden