FX:GBPJPY   British Pound / Japanese Yen
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A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0. 5-0 .6XA
C-point: 0.8-0.9AB
Entry(limit order): 0.7XA
Stoploss(stop order): 1.1XA
Target(limit order): 2.4 to 1 RR

Historical performance:
First bar in history: 1999.01.04 08/00/00
Total patterns found: 28
Number of winners: 15
Average winner: 198.6pips
Probability of win: 53.57%
Average RR: 3.32
R-expectancy: 1.3140
Oct 28
Trade active
✅ 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/
still active?
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@HarryHo, what your trade plan says?
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excellent
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Alexander_Nikitin harpreet_patpatia
@harpreet_patpatia, thank you.
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Nice analysis! Here's what we're looking at
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what are your B and C points for each harmonic pattern. please
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@sadammasoud,

There are no "each harmonic pattern" for me. There's only ONE pattern. It is called a unified gartley.

It requires some clarification:

1) Based on the B-point and C-point ratios there are 35 variations of Unified Gartley. For example, the variation on the chart is called B6C9 UG.

2) Every variation can be traded a different way. It depends on where to place entry, stop and target. Although, the total number of trading methods is unlimited, in my researches I only test 160 trading methods per pattern variation. After all 160 trading methods of a pattern variation are tested I simply pick up the best performance one for my trading (and sometimes post here as demonstration):). A pattern variation with one trading method is called a "trading setup".

3) Patterns don't work the same way on all timeframes and on all financial assets. A trading setup that is profitable on one financial asset in majority of cases is a loosing trading setup on another financial asset. Moreover, within one financial asset it is pretty common when a trading setup is profitable on one timeframe and is loosing on another.

4) Markets always move. New patterns appear again and again. This influences a trading setup's statistics. That's why I do backtest everyday adding new patterns to old ones and recalculating the statistics. I pretty often meet a situation when a trading setup was the best yesterday and it is no longer the best one today.

Here's a detailed picture of Unified Gartley Backtest structure: https://prnt.sc/ppgmyx
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And we are active! :-)
+1 Reply
thanks alexniquitos
+1 Reply
I think it is a good idea to post statistics. at least one can see the probabilities of a pattern before making a trading decision. to my mind all setups are useless if one doesn't know the historical performance of the setups
+1 Reply
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