Thoughts about bat pattern. Some tips and secrets. Part XI.

FX:EURJPY   Euro Fx/Japanese Yen
Welcome back, traders. It’s Wednesday and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. Today we’ll talk about SNSP type.
SNSP bat type is the most perfectly looking bat type.
Let’s decode the name. “S” – XA is not interrupted by a deep (at least 0,382AB) retracement. “N” – BC             is straight. “S” – A and C don’t form double top/bottom. “P” – CD is not interrupted by a deep (at least 0,382AB) retracement.
I will remind you average success rate of bat pattern . As usual, three pair for illustration:
On eurusd             it is 53,52%, gbpusd             – 52,39%, audusd             – 51,53%.
These results we’ll have if we trade EVERY bat pattern we can find.
I’ve been testing SNSP on M5 TF on 4-year period data and got the following features (I will only talk about eurusd             , gbpusd             and audusd             as examples):
On eurusd             I found 22, on gbpusd             – 25 and on audusd             – 28. Not very frequent type)
Success rate of SNSP type:
On eurusd             it is 72,72%, on gbpusd             – 52,00%, on audusd             – 64,28%.
As you see this pattern has more than average success rate on eurusd             and audusd             and less than average success rate on gbpusd             . Trading this type one eurusd             and audusd             and not trading it on gbpusd             is a way to improve trading. (To tell the truth, gbpusd             in not very much friendly to bats))
Ok, mates. That is all for today. Next time I will explain HSNSI. If you find the information interesting – click “thumb-up”. If you don’t want to miss the next edition – subscribe. Hope to see you again.
To know more about the way of differentiating bat types, visit Part X (link is attached as related idea)
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