So I have been doing a HUGE backtest on Cypher
patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY
, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk Reward and you have the makings of a depleted account.
The only people that I know of that get the so called 80% win rates are those guys over at TradeEmpowered. The guys that created the pattern in the first place. I have been through their courses, live trading rooms, etc. I know how they identify these patterns. But these patterns are TERRIBLE!
Do not trade them unless you want to loose money. Don't fall for the marketing and gimmick BS.