I do NOT believe trading 5 situations like those Cyphers, and loose them all, i can loose 4, and only 1 profitable position can actually cover the losses and even take profit after those 5 at the end.
So, try to research a bit on previous charts that show's you similar situations ;) you will not regret.
In fact, together with price action, support and resistance levels, we have all the tools. It works in all timeframes
Have safe trades.
Bats are 60-62% winners in FX from my back testing on nearly every time frame I tested (from 15min to daily) and most pairs but the average R:R was 2.4:1 using scaled targets to a max of the 123% of X-A leg and trailing stop to BE after hitting T1, this gave an expectancy of 1.11 and is by far my favourite pattern
Cyphers do win ~75-80% with the original rules but the R:R can be negative for the first target and slightly positive for the second giving an average R;R of likely 1:1 +/- 0.1 so expectancy would likely be 0.5-0.6, although I actually trade them with a tighter stop loss directly below X and this drops the win% down to around 55-56% but increases the average R;R to 1.46 per trade giving an expectancy of 0.37... I might test the original wider stops and see if they make a difference but I trade them as I tested them similar to bats
"If you can make money over time, it's good in my book."
That implies the risk:reward makes it profitable.
Always interesting to learn about more objective ways of analyzing the market, stats are nice. I still think the ratios alone won't make the pattern work. I doubt every trader, or a machine will produce an 80% hit ratio with mechanical cypher trades.