StockSharp.Strategies.0063_Engulfing_Bullish.py
5.0.1
Prefix Reserved
dotnet add package StockSharp.Strategies.0063_Engulfing_Bullish.py --version 5.0.1
NuGet\Install-Package StockSharp.Strategies.0063_Engulfing_Bullish.py -Version 5.0.1
<PackageReference Include="StockSharp.Strategies.0063_Engulfing_Bullish.py" Version="5.0.1" />
<PackageVersion Include="StockSharp.Strategies.0063_Engulfing_Bullish.py" Version="5.0.1" />
<PackageReference Include="StockSharp.Strategies.0063_Engulfing_Bullish.py" />
paket add StockSharp.Strategies.0063_Engulfing_Bullish.py --version 5.0.1
#r "nuget: StockSharp.Strategies.0063_Engulfing_Bullish.py, 5.0.1"
#:package StockSharp.Strategies.0063_Engulfing_Bullish.py@5.0.1
#addin nuget:?package=StockSharp.Strategies.0063_Engulfing_Bullish.py&version=5.0.1
#tool nuget:?package=StockSharp.Strategies.0063_Engulfing_Bullish.py&version=5.0.1
Bullish Engulfing Pattern Strategy (Python Version)
This setup looks for a sharp bullish reversal when a candle completely engulfs the prior bearish bar. Such a formation often ends a short-term decline and hints at renewed upward momentum. The optional downtrend filter counts consecutive red candles to confirm sellers are exhausted.
Testing indicates an average annual return of about 76%. It performs best in the forex market.
During live operation the algorithm watches each incoming candle and keeps track of the previous bar. If the new candle closes higher than it opens and its body wraps around the prior bar, a long entry is triggered. The stop is placed just below the pattern low to cap risk.
Trades remain open until the stop is hit or another signal suggests manual exit. Because confirmation from earlier down bars strengthens the setup, the strategy avoids chasing weak reversals.
Details
- Entry Criteria: Bullish candle engulfs prior bearish bar, optional downtrend present.
- Long/Short: Long only.
- Exit Criteria: Stop-loss or discretionary.
- Stops: Yes, below pattern low.
- Default Values:
CandleType
= 15 minuteStopLossPercent
= 1RequireDowntrend
= trueDowntrendBars
= 3
- Filters:
- Category: Pattern
- Direction: Long
- Indicators: Candlestick
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium
Learn more about Target Frameworks and .NET Standard.
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refactor: move state reset to OnReseted