FX:USDCAD   U.S. Dollar / Canadian 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: 0.7-0.8AB
Entry(limit order):0.6XA
Stoploss(stop order): 1.1XA
Target(limit order): 1 to 1 RR

Historical performance:
First bar in history: 1999.01.04 07:30:00
Total patterns found 39
Number of winners: 24
Average winner 57.6 pips
Probability of win 61.54%
Average RR: 1.23
R-expectancy: 0.3704
Trade closed: stop reached
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/
Don´t be idiot bro...do you really execute this short trade? There´s bullish Price Action signal and you put there short entry...big thumb down
Alexander_Nikitin HarmonicParadise1
I only trade what I tested. Your "bullish Price Action signal" is absolutely nothing to me. Moreover, there no possibility to test it. Trading what is not tested is gambling.
Your patterns are correct but you cannot enter trade immediately. Look for entry based on other indicators.
1) A pattern should work on its own. If it doesn't work on its own and if it requires additional indicators to filter entries then one needs to get rid of this pattern garbage. After every pattern trade, all my pairs-timeframes are rebacktested to include current results to total statistics. This leads to constant adaptation of my pattern identification and trading rules to always changing market conditions. The process is called optimization.

2) Trading is a game of probabilities. The rules explained above give such and such probability of win. Changing some variables of this equation leads to unexpected results. Unexpected results = gambling. To check your statement I am to backtest it in find it out if it improves or makes worse. Did you test it yourself?

3) The idea of a unified gartley is flexibility. No strategy can be static and work always. All strategies must adapt. So does a unified gartley. Today it looks more like a butterfly, tomorrow it resembles a bat, the iday after tomorrow it will be closer to ideal gartley... Its shape and trading levels simply follow the market.

4) The above said shows that it is extremely difficult to explain a unified gartley identification and trading rules. Simply because deifferent pairs have different settings, different timeframes have different settings and, moreover, all these settings change after every trade!!! It ruins all that standard approach of creating patterns->registering Intellectual Property->selling trading courses. Patterns can't be static...
haha 50/50 risk ratio
@Ndivho, with 61.54% probability of win it generates enough for living...
Ndivho Alexander_Nikitin
@Alexander_Nikitin, nice but my advice to you is a 1:3 ratio
Man, I tested 1:3 as well and it produces much worse expectancy with this pattern.
Ndivho Alexander_Nikitin
@Alexander_Nikitin, Damm bro, let's just keep on pushing lemme follow you and Dm maybe?
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