// EURUSD 4H
//SPREAD 2 pips
//victormork @ prorealcode.com
// ===========Engulfing trading============= \
// ====================================== \
// :: System Parameters ----------------- //
DEFPARAM CumulateOrders = False
DEFPARAM Preloadbars = 200
// ====================================== \
// :: Optimizations ----------------------//
atr = averagetruerange[20](close)
profitATRmultiple = 1
sl = 50
tradingtime = currenttime > 080000 and currenttime < 220000
//tried but no positiv effect on result
//malong = average[20] //20
//mashort = average[70] // 7
//strength = rsi[14](close)
//rsilonglevel = 50
//rsishortlevel = 30
// ====================================== \
// :: Indicator logic---------------------//
// :: Engulfing setup ================= \
body=close-open
abody=abs(body)
if range>0 then
ratio=abody/range
else
ratio=0
endif
bodytop=max(open, close)
bodybottom=min(open, close)
longcandle= (ratio>0.01) // 0.001
// ====================================== \
// :: Bullish Engulfing signal------------//
b1 = (body[1]<0)
b2 = (body>0)
b3 = (bodybottom<bodybottom[1])
b4 = (bodytop>bodytop[1])
b5 = longcandle
b10 = b1 and b2 and b3 and b4 and b5
// ====================================== \
// :: Execution Long ---------------------//
if b10 and tradingtime then
Buy 1 contract at market
endif
// ====================================== \
// :: Bearish signal--------------------- //
//s1 = (body[1]>0)
//s2 = (body<0)
//s3 = (bodybottom<bodybottom[1])
//s4 = (bodytop>bodytop[1])
//s5 = longcandle
//s6 = strength > rsishortlevel
//s10 = s1 and s2 and s3 and s4 and s5 and s6
// ====================================== \
// :: Execution Short --------------------//
//if s10 and tradingtime then
//sellshort 1 contract at market
//endif
// ====================================== \
// :: Stop and target-------------------- //
set target pprofit (atr * profitATRmultiple)/pointsize
set stop ploss sl
