Daveatt

[Daveatt] BEST ABCD Pattern Strategy (Trailing SL + TP)

Hello traders

This is the strategy version of my ABCD pattern . I added the Trailing Stop and Trailing Profit upon a follower request

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:

- Trailing stop with trigger concept coming from this Trailing Stop Strategy
- Trailing profit with trigger coming from this Trailing Profit Strategy

Last words

It works for all asset classes (Forex, crypto, indices, etc...) and does not repaint

All the BEST
Dave
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
💰 Results/Blogs: https://bit.ly/2ULUtjo

⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing

🐦 Twitter: https://twitter.com/bti_trading

👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0

📺 Youtube: https://bit.ly/3bKvnZu

Comments

A piece of art as per usual!
+2 Reply
Daveatt DEAD_HUNTER
@DEAD_HUNTER, I'm glad you suggested it :)
+1 Reply
@Daveatt, Could you by any chance make it so that the stops and profits can also be set in pips/points and not only in percent. Your ABC script is one of my favourite
+1 Reply
Hi Dave,
What should be timeframe?
+1 Reply
Daveatt aniket5689
@aniket5689,
It really depends on the charted asset to be honest. There isn't a general answer for your question
Reply
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