BACKTESTING Candlestick Patterns(Bulling Engulfing).DO THEY WORK?

QuantProgram · Intermediate ·🍎 Teaching & Learning Design ·5y ago

About this lesson

There are lots of videos on youtube about candlestick pattern. But the problem being none of them offer any scientific evidence proving its efficacy. So i have coded this strategy on Pinescript and have shown the results. You can download the code for free below. https://www.quantprogram.com/BullEngulf Let us know if you have any questions. HAPPY TO HELP. Check out our channel for more backtesting and strategy videos. Backtesting Pullback Strategy Pinecript: https://youtu.be/F_yGjiB0bro Stan Weinstein Strategy Pinecript code: https://youtu.be/Wodr4rCWzPw Create Stop Loss Take Profit Code: https://youtu.be/yP7qWD0JElo Creating Trailing stop Loss in Tradingview Pinescript: https://youtu.be/ZWyVF0fmGMs RSI divergence Pinescript code: https://youtu.be/zCfMv_FxvME Donchian Breakout Pinescript Code: https://youtu.be/7fBlpT0YHpc Inside day Strategy Pinescript Code: https://youtu.be/_-QIv0KYnSM Bullish Engulfing Strategy Pinescript Code: https://youtu.be/JMEI9zbacbA Disclaimer: The contents provided in the channel are purely educational. We do not provide any financial or investment advice. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. quantprogram.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The contents, videos, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.

Original Description

There are lots of videos on youtube about candlestick pattern. But the problem being none of them offer any scientific evidence proving its efficacy. So i have coded this strategy on Pinescript and have shown the results. You can download the code for free below. https://www.quantprogram.com/BullEngulf Let us know if you have any questions. HAPPY TO HELP. Check out our channel for more backtesting and strategy videos. Backtesting Pullback Strategy Pinecript: https://youtu.be/F_yGjiB0bro Stan Weinstein Strategy Pinecript code: https://youtu.be/Wodr4rCWzPw Create Stop Loss Take Profit Code: https://youtu.be/yP7qWD0JElo Creating Trailing stop Loss in Tradingview Pinescript: https://youtu.be/ZWyVF0fmGMs RSI divergence Pinescript code: https://youtu.be/zCfMv_FxvME Donchian Breakout Pinescript Code: https://youtu.be/7fBlpT0YHpc Inside day Strategy Pinescript Code: https://youtu.be/_-QIv0KYnSM Bullish Engulfing Strategy Pinescript Code: https://youtu.be/JMEI9zbacbA Disclaimer: The contents provided in the channel are purely educational. We do not provide any financial or investment advice. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. quantprogram.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The contents, videos, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.

Watch on YouTube ↗ (saves to browser)

Sign in to unlock AI tutor explanation · ⚡30

Related Reads

EdTech Blogs vs. Vlogs: Which Helps People Learn Better?

Discover how EdTech blogs and vlogs impact learning outcomes and which format is more effective for knowledge retention

Medium · Deep Learning

The Mission Behind Anitha Rises: Empowering Students, Women, and Lifelong Learners

Anitha Rises empowers students, women, and lifelong learners by providing visibility and confidence to succeed in the digital world, which matters for career growth and personal development

Dev.to · Anitha

Why Marks Alone Are a Terrible Measure of Progress

Learn why relying solely on marks is a flawed measure of student progress and how to implement more effective assessment methods

Dev.to · jahnavi sharma

2–2–1: On Student Accountability and Punctuality.

Learn how student accountability and punctuality impact academic success and why developing these habits matters

Medium · Deep Learning

B.Voc Allied Health Courses: Real Value or Waste of Money? 🛑 Career Guru Nizar Peruvad Explains

Mujeeb Patla™