FX:NZDUSD   New Zealand Dollar / U.S. Dollar
A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.4-0.5XA
C-point: 0.6-0.7AB
Entry(limit order): 0.6XA
Stoploss(stop order): 1XA
Target(limit order): 1 to 1 RR

Historical performance:
First bar in history: 1999/01/04 9:00:00
Total patterns found: 34
Number of winners: 17
Average winner: 52.7 pips
Probability of win: 50.00%
Average RR: 1.45
R-expectancy: 0.2232
Jan 10
Trade active: now the pattern completed:
Jan 13
Trade closed: target reached: B-point is reached. Closed 1/3 of my position. 2/3 left
Jan 13
Comment: closed the rest of my position breakeven because price bounced from the B-point.
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

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Hi Alex, big fan of your teachings. I have a question for you, hope you can reply.

I see that this pattern methodology is 1R (1:1RR), if strategy is 50% accurate, and 1R, then the real "R"-expectancy should be 0, break even.
The reason why expectancy is 0,22 is because "avg win in pips" > "avg loss in pips", and it turns into 1.45R, so we should use fixed lot sizing, cause if we use fixed % to make every pattern the same (as once you told in your videos you believed better performance), it would be a BE strategy.

So questions: Why do you call it "R"-expectancy then? ; Do you still believe fixed % per trade to make every pattern the same (no matter size of pattern, candles, etc) is still best? Or you are back to the Scott Carney way of fixed lot size MM?

Thanks for all of the work you put out there, especially the ideas that make us think and develop. Best regards
Reply
@corleone7, fixed lot size is better. R-expectancy to compare with other pairs.
+1 Reply
Pattern completed but gone opposite... any update on this or 120 chart maybe better or we need to forget this... your posts are mostly accurate.
Reply
@Sincere007,
you need to do what your trade plan says.:)
Reply
@Saeed966, anything can happen.
Reply
post is too much late all the targets gone.
Reply
@fahadson, You probably need to learn more about these types of patterns. this one is not yet completed.
Reply
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