Price Action Strategy - Engulfing with Trailing SL

This strategy:

Entry signals:

Bullish and bearish engulfing candle patterns
Optional volume filter (requires higher than average volume)
Optional trend filter (uses 50 EMA direction)
Optional RSI filter (buys oversold, sells overbought)


Exit mechanisms:

Trailing stop-loss based on percentage from current price
ATR-adjusted trailing to adapt to market volatility


Risk management:

ATR-based stop placement
Dynamic trailing that follows price momentum