Entry (limit order): 0.7xa
Stoploss (stop order): 0.9xa
Target (limit order): 3 to 1 RR
swing identification: prex(6)
Historical statistical performance.
First date in history: 2007
Total trades found: 10
Number of winners: 5
Av. win: 158.9 pips
Probability of win: 50.00%
Number of losses: 5
Average loss: 54.3 pips
Probability of loss: 50.00%
Av. RR: 2.93
I differentiate pattern variations based on their B-point and C-point ratios. Totally, I have 35 pattern variations.
I take the first variation and do a backtest round with 0.6xa entry, 0.9xa stoploss and 1:1 target. Then I change target and do another backtest round. Then I change entry and do another backtest round. And so on. Entries that I test: 0.6, 0.7, 0.8, 0.9 of XA. Stops that I test 0.9, 1.0 and 1.1. Targets that I test 1:1, 2:1 and 3:1. Total number of trade methods is 36
Then I take the second pattern variation and so on....
This way I test all 35 pattern variations with 36 different ways of trading.
Then I simply take 16 best pattern variations for trading.