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:

1. It provides the option of automatically determining the best take profit and stop loss point.
2. Determines a good point for entering trades based on a projected D point of the Bat patterns.
3. Trade management by using flexible stop loss, trailing stop loss and partial of full take profit.
4. 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.

Input parameters

• 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:

1. Use Lot Multiplier only When Acct Balance is Below Initial Value
1. Use Lot Multiplier When A Trade Ends in Loss
1. 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:

1. Close Partial, Breakeven & Start Trailing
1. 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