Alexander_Nikitin

Thoughts about BAT pattern. Some tips and secrets. Part XIII.

FX:EURUSD   Euro Fx/U.S. Dollar
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types.
We already know about Four types:
HSNSP see it here:
Thoughts about bat pattern. Some tips and secrets. Part X.

SNSP see it here:
Thoughts about bat pattern. Some tips and secrets. Part XI.

HSFSP see it here:
Thoughts about bat pattern. Some tips and secrets. Part XII.

SFSP see it here:
Thoughts about bat pattern. Some tips and secrets. Part XII.


These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their A and B points don't form a double top/bottom.

Today we'll take too more types: HSNSI and SFNSI. All the features and notes are drawn on the chart. Here I will only give some statistics. As usual I will first remind the avarage success rate of bats for eurusd             , gbpusd             and audusd             . By success rate I mean the probability of price action to hit 0,382AD BEFORE 1,113XA. It is critical! So, average success rate for bats: On eurusd             it is 53,52%, gbpusd             – 52,39%, audusd             – 51,53%. We have these results if we trade ALL the bats we can find.
I’ve been testing HSNSI and HSFSI on M5 TF on 4-year period data and got the following features (I will only talk about eurusd             , gbpusd             and audusd             as examples):
Frequency:
HSNSI: On eurusd             I found 47, on gbpusd             – 60 and on audusd             – 67. One of the most frequent types)
HSFSI: On eurusd             I found 42, on gbpusd             – 25 and on audusd             – 38. Less frequent type.
Success rate:
HSNSI: On eurusd             it is 48,93%, on gbpusd             – 55%, on audusd             – 47,76%.
HSFSI: On eurusd             it is 47,61%, on gbpusd             – 60%, on audusd             – 36,84%
As you see this pattern has more than average success rate on gbpusd             and less than average success rate on eurusd             and on audusd             . Trading this type on gbpusd             and not trading it on eurusd             and on audusd             is a way to improve trading.
Ok, mates. That is all for today. Next time I will explain SNSI and SFSI. 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.
This pattern was found with Pattern Search Software (c)
Watch the sample video here: https://youtu.be/kK6QfJuCGwg
Contact me in PM if you wish to get your copy
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
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