Freelance service at MQL5.com: Use Fibonacci algorithm to draw harmonic patterns for MT5 EA

Description

Specification

Build an AB=CD indicator with the following fib ratios.

The reciprocal ratios that complement the AB=CD structure are as follows:

C Point Retrace|| BC Project

0.382. .24 or 2.618

0.50. 2.0

0.618. 1.618

0.707. 1.41

0.786. 1.27

0.886. 1.13

The most important thing to note is the B point. When it's hit, you can make the projection of the BC leg

BAT Pattern

Perfect Bat Pattern Requirements:

1. Mandatory 50% B point retracement of the XA leg.

2. Precise 0.886 D point retracement of the XA leg as the defining limit within the PRZ.

3. 2.0 BC projection.

4. Alternate 1.27 AB=CD pattern required.

5. C point should be in the 50–61.8% range.

Detailed

1. B point retracement of the XA leg must be less than 0.618 with a 0.50 or 0.382 retracement preferred.

2. Precise 0.886 D point retracement of the XA leg as the defining limit within the PRZ. (Potential Reversal Zone)

3. Minimum 1.618 BC projection with extreme extensions (2.0–2.618) possible.

4. Minimum AB=CD completion, although an Alternate 1.27 AB=CD is common and preferred.

5. C point retracement can vary between a 0.382 to an 0.886.

Gartley

1. Precise 0.618 B point retracement of the XA leg.

2. Precise 0.786 D point retracement of the XA leg in the PRZ.

3. 1.27 or 1.618 BC projection.

4. Equivalent AB=CD.

5. C point retracement can vary between a 0.382 to a 0.886.

Crab pattern elements:

1. B point that is a 0.618 retracement of XA or less.

2• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.

3• Alternate 1.27 or 1.618 AB=CD pattern required.

4• 1.618 XA projection as the defining limit with the structure.

5• C point with range between 0.382 and 0.886.

Detailed

Precise 0.618 B point retracement or less of the XA leg. (.382 and 0.50 are common B points in the structure.)

2. Extreme 2.618, 3.14 or 3.618BC projection. (Sometimes 2.24 BC projections form in the structure.)

3. Minimum AB=CD completion. Alternate 1.27 AB=CD or 1.618 AB=CD patterns are most common.

4. C point retracement can vary between a 0.382 to an 0.886.

5. This is an extreme pattern!

Butterfly Pattern

1. Exact 0.786 B point retracement of the XA leg.

2. 1.27 XA projection exclusively.

3. 1.618 BC projection.

4. Alternate 1.27 AB=CD in the PRZ.

5. C point with range between 0.50 to 0.886 retracement.

Define the PRZ Zone with a box where the XA leg is equal to the D projection. With the any reversal candle or at least the lowest or highest point or wick of the candle.

Create an MACD Divergence indicator and or RSI Divergence indicator along side.

A tiny lines of support and resistance (or pivot) on all time frame.

The auto trade will initiate at the completion of the D-leg (PRZ)

With a pyramid trading.....

Last take profit will be at 23.8%

Close all or last profitable position.

Stop loss shd be set 2pips below the lowest low

Optionals

1. Deactivate Ea 30 minutes before news

Activate Ea 45 minutes after news.

2. Multiple next trade lot size by * for every loss trade.

3. Enter time frame in input

4. Do not open new trade when equity margin is less than 100%

5. Enter trading period in world trading session time.

6. option of ONLY BUY

ONLY SELL

BOTH DIRECTION in the input settings.

7. Partial Position Close allows for the position aimed at the 2nd TP level to be partially closed when the 1st TP level is reached

8. BreakEven Mode pyramidScalper will move StopLoss level to the entry level once the 1st TakeProfit level is reached.

9. Pop-up Alerts with Sound on MT5 Platform

10. Instant email notification once alert is generated

11. Apply money management in inputs for the range below

Lot 1.00 - for account balance of $7000 and above;

Lot 0.50 - for account balance of $3500 and above;

Lot 0.20 - for account balance of $2000 and above;

Lot 0.10 - for account balance of $1000 and above;

Lot 0.05 - for account balance of $500 and above;

Lot 0.01 - for account balance of $500 and below.

12. Initiate a push notification when a signal is generated.

Responded

Rating

(9)

Projects

Arbitration

0% / 82%

Overdue

Free

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Project information

Budget

30+ USD

For the developer

27 USD

Deadline

to 5 day(s)

Specification quality
Result check quality
Availability and communication skills