The Bat pattern is the next Harmonic indicator to be reviewed in the series for an overview of Harmonic Trading Patterns please check out this article
The Bat pattern is similar to the Cypher harmonic pattern but it follows different Fibonacci ratios. One of the key ways to differentiate a Bat structure from a Cypher pattern is the B point which, if it doesn’t go beyond the 50% Fibonacci retracement of the XA leg then it’s a Bat, otherwise it can turn into a Cypher structure.
The bat pattern market strategy is suitable for all time frames and for all markets, but we have to keep in mind that on lower time frames using the Bat pattern market strategy comes with its own challenges because the Bat pattern has the tendency to show up on less frequent on lower time frames
This will be one of the first patterns to be used in the upcoming Siren Series due to the levels of reliability on the Dax and USDJPY
This is a pattern that I trade using the Eurhythmic Patterns ProRealTime indicator from ALE Automatic Trading
How To Trade Bat Patterns – Scott Cairney
Alessandro has kindly agreed to provide a 15% discount to Robofuturestrader members, this is a one off discount that will discount the whole basket. Personally I have found him to be very helpful and prompt when fielding support questions