OPEN-SOURCE SCRIPT
G-BOT ENGULFING CANDLE - FIXED SL & TP
// Description:
This Pine Script strategy identifies bullish and bearish engulfing candle patterns over a defined lookback period and places trades based
on recent market highs and lows. It calculates stop loss and take profit levels using the Average True Range (ATR) multiplied by a user-defined factor, with the ability to adjust the risk-to-reward ratio for each trade.
This Pine Script strategy identifies bullish and bearish engulfing candle patterns over a defined lookback period and places trades based
on recent market highs and lows. It calculates stop loss and take profit levels using the Average True Range (ATR) multiplied by a user-defined factor, with the ability to adjust the risk-to-reward ratio for each trade.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.