Bullish Abandoned Baby Strategy (Python)
The Bullish Abandoned Baby is a rare three-candle pattern featuring a gap down doji followed by a gap up. This formation leaves the middle candle "abandoned" and often precedes a sharp reversal higher...
Install-Package StockSharp.Strategies.0113_Bullish_Abandoned_Baby.py -Version 5.0.0
The Bullish Abandoned Baby is a rare three-candle pattern featuring a gap down doji followed by a gap up. This formation leaves the middle candle "abandoned" and often precedes a sharp reversal higher. The strategy buys at the open of the third candle once it gaps above the doji, anticipating strong follow-through as shorts cover. Stops reside just beneath the doji low, ensuring losses remain small if the reversal fails to hold.
Entry Criteria: pattern match
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2% [*]Filters:
Category: Pattern
Direction: Both
Indicators: Candlestick
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium