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Butterfly

Buy and sellimport backtrader as bt class MovingAverageCrossover(bt.Strategy): params = ( ("fast_window", 20), ("slow_window", 50), ("order_percentage", 0.95), ("take_profit_percentage", 0.03), ("stop_loss_percentage", 0.02), ) def __init__(self): self.fast_average = bt.indicators.SimpleMovingAverage( self.data.close, period=self.params.fast_window ) self.slow_average = bt.indicators.SimpleMovingAverage( self.data.close, period=self.params.slow_window ) def next(self): if self.position: if self.data.close >= self.sell_price: self.sell() elif self.data.close < self.stop_loss: self.sell() else: if self.data.close > self.fast_average : self.buy_price = self.data.close * (1 + self.params.take_profit_percentage) self.stop_loss = self.data.close * (1 - self.params.stop_loss_percentage) size = self.params.order_percentage * self.broker.cash self.buy(size=size) if __name__ == "__main__": cerebro = bt.Cerebro() data = bt.feeds.YahooFinanceData(dataname="AAPL", fromdate="2020-01-01", todate="2021-12-31") cerebro.adddata(data) cerebro.addstrategy(MovingAverageCrossover) cerebro.run()
by sabriothman78
USDJPY BUTTERFLY BULLISHPattern Recognition is a trader/investor asset to identify possibles trades setups. The markets demonstrate repetitive patterns where prices oscillate between one set of price ratios to another making price projections possible. Market trends can be defined by geometric relationships as they exhibit harmonic relationships between the price and time swings. Many traders use "cycles" and "harmonic" relationships to project future swing price/times. These Harmonic price movements produce symmetric rallies and declines to give traders an advantage to determine the key turning points. USD JPY Hourly chart We can identify a Pattern Structure ( Butterfly Bullish). The concept of Harmonic Patterns was established by H.M. Gartley in 1932. Gartley wrote about a 5-point pattern (known as Gartley) in his book Profits in the Stock Market. Larry Pesavento has improved this pattern with Fibonacci ratios and established rules on how to trade the “Gartley” pattern in his book Fibonacci Ratios with Pattern Recognition. There are few other authors who have worked on this pattern theory, but the best work to my knowledge is done by Scott Carney in his books of “Harmonic Trading.” Scott Carney also invented patterns like “Crab,” “Bat,” “Shark” and “5-0” and added real depth of knowledge for their trading rules, validity and risk/money management. USDJPY Bullish Butterfly EL: 128.476 ST: 128.111 Wall: 129.360 38% AD: 130.651 Target: 62% AD: 132.230 79% AD: 133.340 BUY above EL: 128.476 following up with a MSL (Market Structure Low) or 2-3 lines breaks Pattern Invalidation 128.111
Long
by TradeChartPatternsLikeThePros
5
📊 Harmonic Patterns Cheat SheetHarmonic Patterns use the identification of quantified chart price action structures that have specific and consecutive Fibonacci ratio alignments that form the visual structures. Harmonic patterns calculate the Fibonacci levels of the price patterns to identify high probability reversal points on the charts. This method believes that harmonic patterns or cycles repeat on charts in cycles repeatedly. The key to using this strategy is to identify these patterns and to use them for creating good risk/reward ratio entries and to exit when a profit target is reached. Positions are taken based upon the odds that the same historic patterns will repeat after entry. 🔹 Butterfly The structure of the Butterfly pattern requires a specific alignment of Fibonacci measurements at each point within the structure. Most important, a mandatory 0.786 retracement of the XA leg as the B point is the defining element of an Ideal Butterfly Pattern and it acts as the primary measuring point to define a specific Potential Reversal Zone. In many ways, the Ideal Butterfly Pattern is like the Gartley Pattern because it requires a specific B point retracement and possesses a tighter array of Fibonacci ratios within the structure. Specifically, the Butterfly incorporates a 1.27 XA projection with a “tame” BC projection, which is usually only a 1.618. In addition, the Butterfly usually possesses an equivalent AB=CD pattern or an alternate 1.27AB=CD pattern. Although the equivalent AB=CD is a minimum requirement, valid Butterfly structures rarely exceed the alternate 1.27 AB=CD completion point. 🔹 Shark The Shark Pattern is dependent upon the powerful 88.6% retracement and the 113% Reciprocal Ratio, works extremely well retesting prior support/resistance points (0.886/1.13) as a strong counter-trend reaction. Represents a temporary extreme structure that seeks to capitalize on the extended nature of the Extreme Harmonic Impulse Wave. Demands immediate change in price action character immediately following pattern completion. Extreme Harmonic Impulse Wave utilized depends upon location of 88.6% level – these are minimum requirements. Requires an active management strategy to capture high probability profit segments. 🔹 Gartley The important features of the Gartley are the specific location of the various points: X,A,B,C and D. The X-A leg is the largest price move in the pattern. It is followed by a counter move of A to B. The first leg, A to B, sets up the potential AB=CD, which is crucial to the completion of the pattern and to the indication of the reversal zone. After a brief and smaller B to C retracement, the C to D leg is established. A precise calculation of the AB=CD will provide a significant potential reversal point. Ideal Gartley The ideal Gartley set-up will be defined by specific Fibonacci retracements. One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA. Although the price action might exceed this number slightly, it should not exceed point X. The pattern is a nice set-up, especially with the convergence of an AB=CD. 🔹 Bat The Bat pattern is probably the most accurate pattern in the entire Harmonic Trading arsenal. The pattern possesses many distinct elements that define an excellent Potential Reversal Zone. The pattern typically represents a deep retest of support or resistance that can frequently be quite sharp. Quick reversals from Bat pattern PRZs are quite common. In fact, valid reversals from Bat patterns frequently possess price action that is quite extreme. The pattern incorporates the powerful 0.886XA retracement, as the defining element in the Potential Reversal Zone. The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The most ideal B point alignment is the 50% retracement of the XA leg. The B point is one of the primary ways to differentiate a Bat from a Gartley pattern. If a pattern is forming and the B point aligns at a 0.50 of the XA leg, it is likely to be a Bat. 🔹 Three Drive The three drives pattern consists of a series of higher highs or higher lows. It is similar to the ABCD pattern. The difference is that a Three drives pattern is made of 5 legs, while an ABCD pattern has only 4. Three-Drives is a reversal pattern, so it signals an upcoming change in a trend. Point A is at the 61.8% retracement of the drive 1. Point B is at the 61.8% retracement of the drive 2. Drive 2 is at the 127.2%-161.8% extension of A. Drive 3 is at the 127.2%-161.8% extension of B. You can enter the market when you are sure that the market has formed the point B (buy in a bearish Three-Drive and sell in a bullish Three Drive). Take Profit should be around the 127.2%-161.8% extension of B. 🔹 Cypher The Cypher pattern, which can be either bullish or bearish, has five points (X, A, B, C, and D) and four legs (XA, AB, BC, and CD). Like any other harmonic pattern, the theory behind the Cypher chart pattern is that there is a strong correlation between Fibonacci ratios and price movements. Eventually, the market is expected to reverse from point D after the four market swing wave movements – X to A, A to B, B to C, and C to D. B point retracement of the primary XA leg ranges between 38.2% to 61.8% Fibonacci levels. C point is an extension leg with a Fibonacci ratio that should be between 127.2% to 141.4% of the primary XA leg. D point should break the 78.6 retracement level of XC. 🔹 AB=CD In this pattern, the A to B leg is the first price move. After a brief retracement from point B to point C, the pattern will complete the C to D leg, which is the same length as AB. Simply, after the AB and BC legs have been established, you project the AB length from point C… Although the price action will not always be exactly equivalent, the AB=CD legs usually will be close enough to determine the reversal points. Sometimes, this pattern will be exact but I usually wait for the CD leg to at least equal the AB leg. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD Pattern, the C point must retrace to either a 38.2% at a minimum to validate the structure. The maximum retracement of the AB leg is an 88.6% level that defines a less extreme AB=CD pattern formation but still valid. 🔹 Crab The Crab is a distinct 5-point extension structure that utilizes a 1.618 projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ). The extreme (2.618, 3.14, 3.618) projection of the BC compliments the 1.618 XA extension. In addition, the Crab primarily utilizes an alternate AB=CD to compliment the PRZ. Although a minimum AB=CD completion is necessary for a valid structure, the alternate 1.27 or 1.618 calculation are the most frequent cases. The 1.618 AB=CD pattern is the most common alternate calculation utilized in the structure. It is important to note that the alternate AB=CD pattern within the Crab is the least important number in the PRZ. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
XRP formed a bullish Butterfly | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of XRP coin. Previously the price XRP moved slightly down than buying zone, however recovered soon and pumped more than 22%. Now on a daily time frame, XRP with BTC pair has formed a bullish Butterfly move for another pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
OMG! Did I miss a trade?OMG! I was doing a qualifying call, and I might have missed the trade! And this is why I don't usually trade off the 15-minutes chart. From my experience, this trade is gone, but a retest on 128.98 happens; it is a great second-chance entry. 2 Economic Data to take note On 18Jan23(GMT+8) Tentative(usually before 3pm) JPY - BOJ Outlook Report JPY - Monetary Policy Statement JPY - BOJ Press Conference 9.30pm(GMT+8) US Core Retail Sales US PPI In any case, by the time the economic data is released, you should have achieved Target1 Profits.
Short
by RaynLim
$AAPL Interest in the 122$ level on this butterfly Watching $AAPL for high time frame butterfly pattern, I will share entry if I get candle confirmation to get long around the 1.272 ext, stop below 1.414 Tp rules are always the same for me tp1 stop even, take 1/2 tp 2 take half of balance tp 3 runner only tp 4 needs a prayer in my opinion Please let me know your thoughts in the comments :) Thanks for looking & Happy New Year to all :) I hope to share more patterns in 2023!
NASDAQ:AAPLLong
by FrancesMarie