Education

# Thoughts about bat pattern. Some tips and secrets. Part XII.

FX:EURUSD   Euro / U.S. Dollar
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Hey, traders. I’m back and we have another edition of “Thoughts about Bat pattern”. Today we’ll continue discussing bat pattern types. I’ll talk about HSFSP and SFSP types.
First, I will remind you average success rate of bat pattern . One has this rate if he trades EVERY bat he can find. As usual, three pairs for illustration:
On eurusd it is 53,52%, gbpusd – 52,39%, audusd – 51,53%.
Now, the types’ features
1) HSFSP:
Let’s decode the name. “HS” – XA is interrupted by a deep (at least 0,382AB) retracement. “F” – BC is not 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’ve been testing HSFSP 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:
On eurusd I found 22, on gbpusd – 16 and on audusd – 22. Not very frequent type)
Success rate of HSFSP type:
On eurusd it is 45,45%, on gbpusd – 37,5%, on audusd – 59,09%.
As you see this pattern has more than average success rate on audusd and less than average success rate on eurusd and on gbpusd . Trading this type on audusd and not trading it on eurusd and on gbpusd is a way to improve trading.
2) SFSP:
Let’s decode the name. “S” – XA is not interrupted by a deep (at least 0,382AB) retracement. “F” – BC is not 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’ve been testing SFSP 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:
On eurusd I found 15, on gbpusd – 17 and on audusd – 8. Not very frequent type, either
Success rate of SFSP type:
On eurusd it is 60,00%, on gbpusd – 47,05%, on audusd – 35,50%.
As you see this pattern has more than average success rate on eurusd and less than average success rate on audusd and on gbpusd . Trading this type on eurusd and not trading it on audusd and on gbpusd is a way to improve trading.
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.
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

The backtest of this pattern was performed by MPS-v5.5: https://mps-trade.com/market-research/

Your 'frequency' for the three pairs, over the 4-year time periods, was only for patterns on 240min time frame? I could assume but want to check for clarity. (Been studying hard all your methods).
Captain_Walker
No, mate. The timeframe was 5 min.
Captain_Walker
by the way, my methods became much simplier. it took me hard work to find out what is indeed important. there's lots of complete rubbish in my earlier posts)). haha.
Alexander_Nikitin
A great journey, trading...one of mostly, self discovery, of strengths and weaknesses, and our own edge and system.
Alexander_Nikitin
That's the journey. I'm now wondering which are the best of your posts to focus on (not sure which of the earlier 'rubbish' ones to avoid).