Bullish Reversal Autotrader - VertexFX

Bullish Reversal is a long only client side VTL auto trader. This is a bullish candlestick reversal pattern-based auto trader. The following bullish patterns are identified and when the pattern completes, the autotrader open buy position.  All these candlestick patterns involve three candles.
Abandoned Baby. The candlestick pattern is formed when:
1.       The first bar is a large down candlestick located within a defined downtrend.
2.       The second bar is a doji candle (open is approximately equal to the close) that gaps below the close of the first bar.
3.       The third bar is a large white candle that opens above the second bar.
Morning Doji Star. The candlestick pattern is formed when:
1.    First candle is in a downtrend and have a black body
2.    Second candle is doji and the doji body is below the previous candle body
3.    Third candle is white body and candle body above the previous candle body
Three Inside Up. The candlestick pattern is formed when:

1. The market is in a downtrend or a move lower.
   
2. The first candle is a black (down) candle with a large real body.
   
3. The second candle is a white (up) candle with a small real body that opens and closes within the real body of the first candle.
   
4. The third candle is a white (up) candle that closes above the close of the second candle.
   

Three Outside Up. The candlestick pattern is formed when:

1. The market is in a downtrend.
   
2. The first candle is bearish.
   
3. The second candle is bullish with a long real body and fully contains the first candle.
   
4. The third candle is bullish with a higher close than the second candle.
   

Three White Soldiers. The candlestick pattern is formed when:
1.       The first candle seems like the continuation of the downtrend. It is a bullish candlestick meaning the closing price should be more than the opening price and indicates that the bulls are back into the action.
2.       The second candlestick should also be bullish. The opening price should be within the real body of the first candlestick most preferably between the midpoint and closing price of the previous candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price.
3.       The third candlestick should also be a bullish candlestick having no or small shadow. The opening price should be within the real body of the second candlestick most preferably between the midpoint and closing price of the second candlestick. The closing price should be above the previous candle’s closing price and should be higher than the previous candle’s closing price.
The trading system entry rules are:
1.       A bullish candlestick reversal pattern is formed (The 5 patterns listed above).
2.       The price is below 50 period exponential moving average.
3.       Open a buy position on next candle start.
The exit rules are:
1.       Exit when stop loss of target is hit.
2.       Exit when the trailing stoploss is hit.         
The stoploss, take profit, and trailing stoploss is configured with the parameters of the autotrader. By default it apply a trailing stoploss only.
The autotrader works better on higher time frame charts like daily, weekly, etc. Test it on different timeframes before using it.