FX:GBPAUD   British Pound / Australian Dollar
Trade plan (price levels are on the chart).
Entry (limit order): 0.7xa
Stoploss (stop order): 0.9xa
Target (limit order): 3 to 1 RR

Pattern details.
swing identification: prex(6)
B-point:0.6-0.7xa
C-point:0.3-0.4ab

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
R-expectancy: 0.9641
Trade closed manually: booked profits manually
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/
Nice trade !
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still valid going down sir?
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@LengChaifx, Much worse entry... Consistantly entering at worse levels you may have a negative expectancy. Test it
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LengChaifx Alexander_Nikitin
@Alexander_Nikitin, noted bro..tq tq
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Bat GOD
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It is so nice but i missed it
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@binhpx, it happens...
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wonderful predictions. But i miss it....How to predict this pair.....
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@vijayveera07,

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.
+3 Reply
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