FX:EURAUD   Euro / Australian Dollar
A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.6-0.7XA
C-point: 0.4-0.5AB
Entry(limit order): 0.7XA
Stoploss(stop order): 0.9XA
Target(limit order): 1.4 to 1 RR

Historical performance:
First bar in history: 2004/06/16 15:00:00
Total patterns found: 23
Number of winners: 13
Average winner: 119.4pips
Probability of win: 56.52%
Average RR: 3.28
R-expectancy: 1.4192
Oct 30
Order cancelled: Price exceeded the C-point
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ Join my free trading channel: https://t.me/mpstrade

✅ My YouTube channel: https://www.youtube.com/user/alexniquitos/
Very Good analysis bro, sadly I saw it after loosing my trade.
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@kashifali6, you are welcome
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Looks good
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@BTC1million, yep:)
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Cool, it formed a huge gartley before on daily chart
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Alexander_Nikitin otavio_barreto
@otavio_barreto, different timeframes show different pattern probabilities
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otavio_barreto Alexander_Nikitin
@Alexander_Nikitin, Yeah great!, see my via on eur/usd possile bat formation on D1 , please comment what you think
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Alexander_Nikitin otavio_barreto
@otavio_barreto, I think bats are simply gartley variations. It is simply marketing to rename something old to have better sales. Moreover, Bat pattern was registered as Intellectual Property of Scott M. Carney. What a nonsense! Now anybody who want to teach Bats (sell Bat courses) should first become certified by Scott M. Carney. Ahahahaha. I myself truly believed in this Bat scam for the first 5 years of my trading career. I also calaborated in Bat research and Scott M. Carney praised my efforts: https://www.tradingview.com/chart/USDCAD/KpJ1s6f7-16-types-of-Bat-advanced-pattern-by-Alexander-Nikitin/#tc580284 . But when I succeded in creating an automated backtester it all became obvious. Based on tens of millions of Gartley setups that I tested a Bat pattern shows the worst performance almost on all pairs and timeframes. This is an amazing fraud, I can only say Bravo.
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otavio_barreto Alexander_Nikitin
@Alexander_Nikitin, haha yeah it really looks like a gartley the only difference is the 88.6%
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Alexander_Nikitin otavio_barreto
@otavio_barreto, With gartleys I exploit 0.6, 0.7, 0.8 and 0.9 entries. It depends on the patterns ratios, pair and timeframe.
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