Alexander_Nikitin
Education

16 types of Bat advanced pattern by Alexander Nikitin

FX:USDCAD   U.S. Dollar / Canadian Dollar
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Hey, mates. Here's the research work on bat patterns that I have done about two years ago. I described the bats according to the criteria mentioned on the chart. Then I did the backtesting of 5 year period on 5Min timeframe on different pairs. This one is AUDUSD results. The percentage shows the probabilty of price to hit 0.382AD before it hits 1.13XA. If no number - this means no patterns of this type were found or the quantity is extremely small to show some relevant statistical results. Enjoy it. Next time I will post other pairs, so follow me to be notified:)
Feb 21
Comment: sorry, in the last row they should be "double bottom flag" instead of "double bottom no flag":)
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ Join my free trading channel: https://t.me/mpstrade
Very interesting research!!!!!!!
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@Antilogs, thanks:)
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Great research Alex! A question I had about trading harmonic patterns is should you be keeping a consistent risk amount ( ex. Risking $100 per trade if it's 20 pips or 35 pips ) or should you be trading a consistent lot size?
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@Nogioski, consistent lotsize
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Great,thanks for sharing friend!!
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Alexander_Nikitin johannes.patat
@johannes.patat, you are welcome:)
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Excellent info. Well done.
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@vrcnicholas, You are welcome:)
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thanks for the sharing. will take some time to read through
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@pipstrading, Oh, nice.
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