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About LinkBacksFrom my testing, the pattern is just a noise filter - the money is made in the PRZ with confluence (Fibo, structure, time) plus a trigger. For a Bat I want D approx 0.886 of XA and RSI divergence; without those, the stats drop off fast
This is a discussion on Harmonic Trading within the Trading Systems forums, part of the Trading Forum category; From my testing, the pattern is just a noise filter - the money is made in the PRZ with confluence ...
From my testing, the pattern is just a noise filter - the money is made in the PRZ with confluence (Fibo, structure, time) plus a trigger. For a Bat I want D approx 0.886 of XA and RSI divergence; without those, the stats drop off fast
more...This article will teach you how to recognize the 5-0 pattern automatically in an Expert Advisor and detect it programmatically. You will learn how to determine the 5-0 structure's major turning points (0, X, A, B, C, and D), calculate and validate Fibonacci ratios specific to it, and visually represent the pattern on the chart. By the end of this article, you will know how to convert the technical idea underlying the 5-0 pattern into functional MQL5 code that can analyze price action automatically.
On that last chart, the PRZ aligns with the 0.886 and structure—clean confluence. Do you require a break/close beyond point B to invalidate, or is a candle body inside the PRZ enough?
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