Daveatt

BEST ABCD Pattern Strategy

Hello traders

This is the strategy version of this script

I - Concept

I present to you, ladies and gentlemen, the first screener for harmonic patterns .
Starting with an ACBD pattern screener this time!!

I used the calculations from Ricardo Santo's script

In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!

II - Definitions

The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.

The Williams Fractal is an indicator, developed by Bill Williams , that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop

💎Strategy filters💎

I included some cool backtest filters:

- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)

The take profit and stop loss should work with Forex/FX pairs as well

All the BEST
Dave
從常用腳本中移除 新增至常用腳本

評論

Hi, can this be used for intraday trading stocks using 5, 10 or 15 mins time frame charts?
Thank you.
+3 回覆
Daveatt ProTraderJeeni
@ProTraderJeeni, for sure but I wouldn't only trade based on this ABCD script, to be honest. This is a pattern and as such, prone to error
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Thank you for sharing!
+3 回覆
Daveatt Zerohour
@Zerohour, my pleasure
+1 回覆
Wow - excellent !
+2 回覆
Daveatt syrinxflunki
+1 回覆
i want to use this on different script. will it give perfect signals ? or do i have to change any thing?
+1 回覆
Daveatt Chikuu
@Chikuu, Yes it has to be adapted for every instrument and timeframe obviously
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Is it possible to have implemented trailing profit and trailing stop loss? I've been trying to fuze your script together with some of the trailing stop loss scripts out there, however, I haven't had any luck.
+1 回覆
Daveatt DEAD_HUNTER
@DEAD_HUNTER, Sure I'll publish today
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