Candlestick Pattern Strategy with Smart Stop-Loss Management

🔹 Strategy Overview
This strategy combines candlestick patterns with trend filtering and EMA channel confirmation to identify high-probability trading opportunities. It features a smart stop-loss management system that moves to breakeven once the trade reaches a predefined profit threshold.

📊 Key Features
✅ Multiple Candlestick Patterns – Detects classic reversal patterns like:

Hammer & Hanging Man

Bullish & Bearish Engulfing

Piercing Line & Dark Cloud Cover

Morning & Evening Star

Doji Star (Neutral Signal)

✅ Trend & EMA Channel Filters

Trend EMA (100-period) – Ensures trades align with the broader trend.

EMA Channel (50-period ± % range) – Filters trades within a defined volatility range.

✅ Flexible Trade Management

Fixed Target Points – Take profit at a predefined distance.

Trailing Stop to Cost – Moves stop-loss to breakeven after reaching a specified profit threshold.

✅ Customizable Trade Direction

Long Only / Short Only / Both – Adapt to bullish, bearish, or neutral markets.

✅ Time-Based Execution

Intraday Mode – Trades only within specified session hours.

Positional Mode – Holds trades beyond the session.

⚙️ Input Parameters
Trend Filter – Enable/disable trend alignment with EMA.

EMA Channel Filter – Adjust channel width for volatility control.

Candlestick Patterns – Toggle individual patterns on/off.

Target Points & Trail Trigger – Customize profit-taking and SL management.

Trade Type – Switch between intraday and positional trading.

📈 Entry Conditions
Long Entry:

Bullish candlestick pattern (Hammer, Bullish Engulfing, Piercing Line, Morning Star).

Price above Trend EMA (if enabled).

RSI < 30 (oversold confirmation).

Within EMA Channel (if enabled).

Short Entry:

Bearish candlestick pattern (Hanging Man, Bearish Engulfing, Dark Cloud Cover, Evening Star).

Price below Trend EMA (if enabled).

RSI > 70 (overbought confirmation).

Within EMA Channel (if enabled).

📉 Exit Conditions
Take Profit (TP): Fixed target based on points.

Stop-Loss (SL): Moves to breakeven after hitting the trail trigger.

📊 Visual Indicators
Trend EMA (Orange Line) – Main trend direction.

EMA Channel (Blue Lines) – Volatility range.

Buy/Sell Labels – Entry signals below/above bars.

Doji Star (Gray Cross) – Neutral signal.

🎯 Best Suited For
Swing Traders (Positional Mode)

Intraday Traders (Scalping with tight stops)

Price Action Enthusiasts (Candlestick-based entries)

🔗 Try it out and customize it to fit your trading style! 🚀