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Alexander_Nikitin
Aug 29, 2019 3:15 AM

GBPAUD.Unified gartely Short

FX:GBPAUD60
British Pound/Australian DollarFXCM

Description

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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

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booked profits manually
Trend AnalysisHarmonic PatternsChart Patterns
Comments
CryptoTrend-Alerts
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Nice trade !
LengChaifx
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still valid going down sir?
Alexander_Nikitin
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@LengChaifx, Much worse entry... Consistantly entering at worse levels you may have a negative expectancy. Test it
LengChaifx
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@Alexander_Nikitin, noted bro..tq tq
Earth_strategy
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Bat GOD
Alexander_Nikitin
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@jamba7797, :)
binhpx
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It is so nice but i missed it
Alexander_Nikitin
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@binhpx, it happens...
vijayveera07
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wonderful predictions. But i miss it....How to predict this pair.....
Alexander_Nikitin
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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.
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