Three Line Strike#

This scalping strategy is from a YouTube channel called, The Moving Average. It uses the engulfing candlestick pattern for entries.

Buy Rules#

  1. Bullish engulfing candle.

  2. Lower high for the past 3 periods.

  3. Lower Low for the past 3 periods.

  4. Red candles for the past 3 periods (i.e. close is less than open).

Sell Rules#

  1. Bearish engulfing candle.

  2. Higher high for the past 3 periods.

  3. Higher Low for the past 3 periods.

  4. Green candles for the past 3 periods (i.e. close is greater than open).

Sample of Signal Points#

Three Line Strike Signal Points

Results#

Three Line Strike Results

Source Code#

Here is the link to the source code for this zeta-zetra/code.