Naked Forex Trading Strategy

Based on "How Naked Trading Works" video by Walter Peters: youtu.be/t-pD3fap25c?t=1m21s. I don't know this person and I am in no way affiliated with him. I just found his video interesting enough to make this into a script.

Rules as described by Walter in his video:

1. if current candle makes a higher high than the previous one
2. and is a bearish engulfing candle
3. and has room to the left
4. and is the largest candle (high - low) compared to the last 7-10 previous ones

Then open trade on the next candle once it breaks bearish engulfing candle's low and take profit close above previous support. Stop loss goes a few pips above bearish engulfing candle high

Do the opposite on a bullish engulfing candle signal.

Works best on 1H, 4H and 1D timeframes.

I haven't done any extensive backtesting on this, but it looks like it gives pretty good signals: