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
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Comments

Hi, can this be used for intraday trading stocks using 5, 10 or 15 mins time frame charts?
Thank you.
+3 Reply
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
Reply
Thank you for sharing!
+3 Reply
Daveatt Zerohour
@Zerohour, my pleasure
+1 Reply
Wow - excellent !
+2 Reply
Daveatt syrinxflunki
+1 Reply
i want to use this on different script. will it give perfect signals ? or do i have to change any thing?
+1 Reply
Daveatt Chikuu
@Chikuu, Yes it has to be adapted for every instrument and timeframe obviously
Reply
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 Reply
Daveatt DEAD_HUNTER
@DEAD_HUNTER, Sure I'll publish today
Reply
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