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
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
@kyemcrnz, that's called backtesting and every trader is personally responsible for their own back testing. I dont think statistics are needed to publish an idea.... just my thoughts
Alexander_Nikitin
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@QueenGina, majority of traders won't even start a backtest if they believe that the strategy has negative expectancy. but when they see somebody who did a backtest and found profitable ways of trading they become motivated and start imitating him. 90% of those imitators will fail, of course, but there will be 10% who will succeed.