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?

The candlestick detector names shapes and leaves the trade to you. These setups ship as full rules — the bar geometry merely triggers a defined stop order, hence order levels on the chart, not just labels.

Why did a setup label print but never trigger?

The entry stop never filled inside the trigger window, so the time-stop cancelled it. That is the design: a trap price never springs is not a trade.

What do these setups have in common?

Each fades a failed first move: Oops catches traders trapped by an opening gap, the gimmee bar exploits a rejected press at a range edge, and 80-20 plays for reversion after a one-way session.