Classic Bar Setups

Classic Bar Setups trades three named patterns from the systems-trading canon as complete rules rather than shapes: Larry Williams' Oops, Joe Ross' gimmee bar, and the 80-20 session reversal. Each detection places a working entry stop, draws its protective stop, and cancels itself on a time-stop, making it the definitive clean build of the classic bar setups catalog: every label corresponds to a working order.

How to Trade the Classic Bar Setups?

• Oops: the session gaps open beyond the prior bar's extreme; the entry stop waits back at that extreme and fills only if price trades back through it, live during the gap session itself.
• Gimmee Bar: in a non-trending market, a bar pressing into a Bollinger band edge closes against its own direction; entry is a stop one tick beyond the bar's far side.
• 80-20: a full-range session opens near one extreme and closes near the other; the next session waits for a push back through the far extreme, arming on first touch beyond it.
• Lines and triangles: dashed entry and dotted stop levels draw for each order's life; a triangle marks the fill.

Classic Bar Setups Settings

• Oops (default on) with Minimum Gap % (default 0): the smallest qualifying gap; 0 accepts any open beyond the prior extreme.
• Gimmee Bar (default on) with Bollinger Length (default 20) and Mult (default 2): the range edges the bar must press into.
• Sideways Market Filter (default on) with ADX Length (default 14) and Threshold (default 20): gimmee bars only count while the market is range-bound.
• 80-20 (default on) with Open/Close Zone % (default 20): how near the extremes the open and close must sit; the classic rule uses 10-20%.
• Trigger Window (Bars) (default 1): bars an entry stop stays working before it cancels.
• Style: Show Entry Levels, Show Protective Stops, and Show Trigger Markers (default on), Show Bollinger Channel (default off).

Frequently Asked Questions

How is this different from Candlestick Patterns?

Why did a setup label print but never trigger?

What do these setups have in common?