"Harmonic Patterns - Trade Trend" 1.0 (Indicator Push Review)
The imitation season has arrived, monitoring the market is too tiring, so I monitored over 400 trading pairs and created a few indicators.
Theory:
🎯 Derive zigzag (mainly zigzag) and scan harmonic patterns to find the last 5 confirmed pivots.
🎯 If a pattern is found, the highest point of the pattern will become the bullish area, and the lowest point of the pattern will become the bearish area. Based on the X, A, B, C, and D points in the harmonic pattern, find TP1 and TP2 (TP1 is mainly the distance from D point to A point multiplied by 0.618, while TP2 is the distance from D point to A point multiplied by 1.618).
🎯 If no pattern is found and the areas are not touched, then it doesn't count.
Currently still in the testing phase, mainly trying to see how individual win rates are, as shown today.
6:11 Alarm raised 🚨
Entry price: 2.112
Stop loss price: (Here TP1 and TP2 should have problems, I need to fix the bug.)
TP1 & TP2, currently TP1 has been achieved, with an increase of 7%, working on version 2.0.