Sweep and Engulf Strategy by mthibs21
By mthibs21
Performance Metrics
- Author: mthibs21
- Symbol: CME_MINI:MNQU2026
- Timeframe: 2 minutes
- Win Rate: 35.4%
- Profit Factor: 1.012
Description
The Sweep and Engulf Strategy identifies high-momentum price action setups where price sweeps the previous candle’s high or low and then reverses strongly enough to close through the opposite side of that candle.A Bullish Sweep occurs when price trades below the previous candle’s low and then closes above its high. A Bearish Sweep occurs when price trades above the previous candle’s high and then closes below its low.The strategy includes an optional Invert Mode, allowing signals to be traded in the opposite direction for testing reversal and exhaustion behavior.Key FeaturesBullish and bearish liquidity sweep detectionFull previous-candle engulf confirmationOptional 200 EMA trend filter with adjustable EMA lengthOptional previous-candle direction filteringStandard or inverted trade signalsATR-based or signal candle high/low stop lossesAdjustable ATR stop multiplierCustomizable risk-to-reward targetsAutomatic entry, stop-loss and take-profit calculationsVisual green take-profit and red stop-loss zonesLong and short signal markers directly on the chartStrategy Tester compatible for historical backtestingThe indicator is designed to combine liquidity sweeps, candle confirmation and structured risk management into a simple visual trading system.All settings can be adjusted to fit different markets, timeframes and trading styles.Note: This tool is intended for analysis and backtesting purposes. Past performance does not guarantee future results.