Forex Engulfing – 3 bars count

Hi All

I was playing with Nicolas’s bar counting strategy when I cam across some good results for the EURUSD.

Strategy:

EURUSD
1 Hour time frame
Count 3 bars in a direction
Trade in opposite direction
Exit on engulfing candle in opposite direction.

Its very simple but can definately be optimized to increase the amount of winning trades.
I tried to check for 3 bars then a reversal signal like a engulfing signal or harami but got no trades.

Any changes/improvements would be greatly appreciated.

// timeframe: h1
// instrument: FX
// pairs: EURUSD

DEFPARAM CumulateOrders = FALSE

//Need to to implement Muray math levels

Size = 1 //position size
StopLoss = 20 //stoploss in points
//TakeProfit = 10 //takeprofit in points
Xcandlesticks = 3 //consecutive bullish or bearish candlesticks to open a new position
//InverseTrading = 0 //(0=false ; 1=true) trade in the same direction of the candlesticks pattern or not
//CumulateOrder = 0 //(0=false ; 1=true) cumulate or not a new trade if the current candlestick is in the same trend as the pattern
// ------------

//detecting patterns
bearpattern = summation[Xcandlesticks](close<open)=Xcandlesticks
bullishpattern = summation[Xcandlesticks](close>open)=Xcandlesticks

BullishEngulfing= OPEN[1] > CLOSE[1] AND CLOSE > OPEN AND CLOSE[1] >= OPEN AND CLOSE >= OPEN[1]
bearishengulfing = CLOSE[1] > OPEN[1] AND OPEN > CLOSE AND OPEN[1] >= CLOSE AND OPEN >= CLOSE[1]
//bullishharami = close[1]< open[1] and close > open AND close < open[1] AND open > close[1]
//bearishharami = close[1]> open[1] and close < open AND close > open[1] AND open < close[1]

buysignal = bearpattern
sellsignal = bullishpattern
// Conditions to enter long positions
IF NOT LongOnMarket AND buysignal  THEN
 BUY Size CONTRACTS AT MARKET
ENDIF

// Conditions to exit long positions
If LongOnMarket AND bearishengulfing THEN
 SELL AT MARKET
ENDIF

// Conditions to enter short positions
IF NOT ShortOnMarket AND sellsignal  THEN
 SELLSHORT Size CONTRACTS AT MARKET
ENDIF

// Conditions to exit short positions
IF ShortOnMarket AND BullishEngulfing THEN
 EXITSHORT AT MARKET
ENDIF

set stop ploss StopLoss

// Stops and targets : Enter your protection stops and profit targets here

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