This Product is currently only available for rental as TrendyPips Elite Member.
You can signup for Elite Membership at Checkout
or Simply Click on the Signup in the Top Menu area right now.
Harmonics BAT Pattern
This is a Harmonics Bat pattern EA. It can identify different variants of Harmonics Bat patterns (Bullish and Bearish) and accurately place trades. It has the following features:
- It provides the option of automatically determining the best take profit and stop loss point.
- Determines a good point for entering trades based on a projected D point of the Bat patterns.
- Trade management by using flexible stop loss, trailing stop loss and partial of full take profit.
- There is also a possibility to toggle on/off a built-in martingale function.
All timeframes and currencies are supported, but please note that it is recommended that you perform optimization for best parameter settings.
- EA_Name: This name of EA will be printed in the comments of each trade
- Choose EA Mode: Chose whether the EA should open real trades (Trading Mode) or just send alerts (Alert Mode)
- BB_RSI_Combination: Choose the indicator (Bollinger Bands and/or RSI) combination for entry
- EntryCondition4PointD_EntryLine: Choose the relationship between the Bat pattern point D and the drawn entry line
- PointDTouchFromEntryLine: Max clearance pips from point D to entry line to be counted as touched
- MaxBarsBtwPointDAndIndiSignal: Maximum bars between indicators confirmation point and D line cross point
- MinEntryPipsInPredictedDn: Minimum entry pips in predicted direction before trade is opened
- MyRecoupCondition: Choose whether to use lot multiplier to recoup losses or not 3 options:
- Use Lot Multiplier Only When Acct Balance is Below Initial Value
- Use Lot Multiplier When A Trade Ends in Loss
- Don’t Use Lot Multiplier
- AutoCalcMultiplier: if true, EA will automatically calculate multiplier for recouping losses
- UseFixedMultiplier: This specifies the multiples of fixed lot to add (if AutoCalcMultiplier=False)
- MaxNumOfTradesPerTime: The maximum number of trades per currency opened at a time
- Magic Number: Trade magic number, if this value=0, the EA will automatically calculate a magic number
- UseHiddenTPnSL: Hide the set stop loss and take profit from displaying on the chart for broker’s view
- FixedLots: Minimum trading lots size when auto recoup lot multiplier is not used
- UseDrawnSL_LineForSL: Use the drawn stop loss line for trades stop loss (automatic stop loss calculation)
- StopLoss: Use fixed stop loss in pips
- TrailSL_Pips: Pips of stop to trail after breakeven
- BreakEvenAdd: Pips to add above/below Open price at breakeven
- TakeProfit: Use fixed profit in pips
- ChooseExitModeAtFixedTP: Choose exit mode when fixed take profit is hit:
- Close Partial, Breakeven & Start Trailing
- Close Full Lot
- PercentOfLot4PartialClose: Percentage of lot to close at take profit, this is used close partial is selected above
- Slippage: Allowed trade slippage in pips
- MaxSpread: Maximum allowed spread
Confirmation Indicators’ Settings
- BarsBack: Numbers of chart bars to consider in finding pattern
- RSI Period: RSI indicator period
- RSI Sell Level: RSI indicator Sell level
- RSI Buy Level: RSI indicator Buy level
- B_Bands Period: Bollinger Bands period
- B_Bands Deviation: Bollinger Bands deviation
- ShowComments: Show chart information
- XABCD_LabelColor: Text color for labeling X, A, B, C and D points of the Bat pattern
- XABCD_LabelFontSize: Text font size for labeling X, A, B, C and D points of the Bat pattern
- LabelPipsFromXABC: Text distance in pips from the X, A, B, C and D points of the Bat pattern
- RemoveAllObjectAfterDeinit: Toggle to remove or leave all drawn objects after expert’s deinitialization
- ShowFibLines: Show parttern Fibonacci lines on chart
- bigText: Toggle to display big text of the pattern name on chart
- bigTextSize: Font Size of the big text of the pattern name
- bigTextColorBullish: Color for the big text of the pattern name (Bullish)
- bigTextColorBearish: Color for the big text of the pattern name (Bearish)
- bigTextX: X coordinate position of the big text of the pattern name
- bigTextY: Y coordinate position of the big text of the pattern name