I AM A BIG advocate of ‘simpler is better’. The basic pattern rules will generate many good trading candidates every day. But if we add some simple volume criteria to our selection process, the odds of success are significantly improved. There are two volume filters and a closing range criterion that are useful in filtering the set-ups.
I use the following rules for both the pullback and consolidation set-up and have found that they are very effective in narrowing my nightly list of set-ups to a manageable number of high-probability trades.