BEST ABCD Pattern Strategy by Daveatt
By Daveatt
Performance Metrics
- Author: Daveatt
- Symbol: CURRENCYCOM:GOLD
- Timeframe: 3 days
- Net P&L: +4,505.81 USD (+0.45%)
- Win Rate: 37.2%
- Profit Factor: 1.029
- Max Drawdown: 44,911.21 USD (4.37%)
- Total Trades: 78
- Sharpe Ratio: −0.746
Description
Hello tradersThis is the strategy version of this scriptI - ConceptI 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 scriptIn short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!II - DefinitionsThe 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 wellAll the BESTDave