Bullish Engulfing Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 1 hour
- Net P&L: +29,850.00 USD (+29.73%)
- Win Rate: 72.3%
- Profit Factor: 1.592
- Max Drawdown: 9,850.00 USD (7.65%)
- Total Trades: 94
- Sharpe Ratio: 0.447
Description
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend, the first candlestick is a down candlestick which is followed by an up candlestick which has a long real body that engulfs or contains the real body of the prior bar. The Engulfing pattern is the reverse of the Harami pattern. WARNING: - For purpose educate only - This script to change bars colors.