Engulfing Bar Indicator for Forex Tester

Description

Identify Engulfing Bars Instantly and Speed Up Your Backtesting

Engulfing Bars are also sometimes called Outside Bars. Whatever you call it, this indicator helps you spot them.

Backtesting an Engulfing Bar trading strategy can take a long time.

The thing that usually slows most traders down is calculating the tail size of every Pin Bar.

You see, trading systems have different definitions of what a Pin Bar is.

Some strategies say that the tail of a Pin Bar should be at least 66% of the total candle length.

Other strategies say that Pin Bars should be at least 50% of the total candle length.

Regardless of which definition you use, it takes time to calculate the tail size of every candle that looks like a Pin Bar.

It's actually quite tiring!

This indicator saves you a ton of time by automatically marking all of the Pin Bars that meet your criteria.

Note: This indicator works for all versions of Forex Tester.

See the Indicator in Action

This video will show you how to install and use this indicator.

Indicator Settings

The settings for these indicator are very simple.

% of the tail: This is the minimum percentage of the total candle range, in order for the candle to be marked as a Pin Bar. For example, the default is 66, so the tail has to be at least 66% of the total candle range. So if a candle has a total length of 100 pips, the tail has to be at least 66 pips, for it to be marked as a Pin Bar. This setting can be changed to anything you want.
Pin Bull: The color of the bullish Pin Bar markers.
Pin Bear: The color of the bearish Pin Bar markers.

$47

Buy Now

(one-time payment)

Frequently Asked Questions

Click the “+” symbol to see the answer to each question.

Can I pay with Cryptocurrency?

Yes! Simply select Bitcoin as your payment type at checkout.

Do all Engulfing Bars provide potential trading opportunities?

No. This indicator is meant to assist with trading strategies that use Pin Bars as a potential entry signal. A Engulfing Bar alone is NOT an entry signal. You need to have a proven Engulfing Bar trading strategy before using this indicator.

Is there a guarantee?

If you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. However, since this is a downloadable product, we do NOT provide refunds because downloadable products cannot be returned.

Will this work with my version of Forex Tester?

Yes, this indicator will work with all versions of Forex Tester.

How do I download the indicator after I purchase it?

After you purchase the indicator, you will be taken to a page to download the indicator.

$47

Buy Now

(one-time payment)

More Information

Platform	For all versions of Forex Tester
Payment Options	Major Credit Cards, PayPal, Bitcoin or Bitcoin Cash
Payment Term	One-time payment, no recurring charges
Refund Policy	Downloadable software cannot be returned, so there are no refunds on this product. Please be sure that you have the correct product before purchasing.
Terms of Use	Although every effort has been made to create the best Forex Tester plugins on the market, we are not responsible for trading losses associated with the use of this indicator. By using this plugin, you automatically agree to our <a href="https://store.tradingheroes.com/terms/">terms of use</a>. No representation is being made that this plugin will guarantee profits, or not result in losses from trading.

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Description