Thoughts about BAT pattern. Some tips and secrets. Part XIII.
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types.
We already know about Four types:
HSNSP see it here:
SNSP see it here:
HSFSP see it here:
SFSP see it here:
These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their A and B points don't form a double top/bottom.
Today we'll take too more types: HSNSI and SFNSI. All the features and notes are drawn on the chart. Here I will only give some statistics. As usual I will first remind the avarage success rate of bats for eurusd, gbpusd and audusd. By success rate I mean the probability of price action to hit 0,382AD BEFORE 1,113XA. It is critical! So, average success rate for bats: On eurusd it is 53,52%, gbpusd – 52,39%, audusd – 51,53%. We have these results if we trade ALL the bats we can find.
I’ve been testing HSNSI and HSFSI on M5 TF on 4-year period data and got the following features (I will only talk about eurusd , gbpusd and audusd as examples):
Frequency:
HSNSI: On eurusd I found 47, on gbpusd – 60 and on audusd – 67. One of the most frequent types)
HSFSI: On eurusd I found 42, on gbpusd – 25 and on audusd – 38. Less frequent type.
Success rate:
HSNSI: On eurusd it is 48,93%, on gbpusd – 55%, on audusd – 47,76%.
HSFSI: On eurusd it is 47,61%, on gbpusd – 60%, on audusd – 36,84%
As you see this pattern has more than average success rate on gbpusd and less than average success rate on eurusd and on audusd . Trading this type on gbpusd and not trading it on eurusd and on audusd is a way to improve trading.
Ok, mates. That is all for today. Next time I will explain SNSI and SFSI. If you find the information interesting – click “thumb-up”. If you don’t want to miss the next edition – subscribe. Hope to see you again.
We already know about Four types:
HSNSP see it here:
These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their A and B points don't form a double top/bottom.
Today we'll take too more types: HSNSI and SFNSI. All the features and notes are drawn on the chart. Here I will only give some statistics. As usual I will first remind the avarage success rate of bats for eurusd, gbpusd and audusd. By success rate I mean the probability of price action to hit 0,382AD BEFORE 1,113XA. It is critical! So, average success rate for bats: On eurusd it is 53,52%, gbpusd – 52,39%, audusd – 51,53%. We have these results if we trade ALL the bats we can find.
I’ve been testing HSNSI and HSFSI on M5 TF on 4-year period data and got the following features (I will only talk about eurusd , gbpusd and audusd as examples):
Frequency:
HSNSI: On eurusd I found 47, on gbpusd – 60 and on audusd – 67. One of the most frequent types)
HSFSI: On eurusd I found 42, on gbpusd – 25 and on audusd – 38. Less frequent type.
Success rate:
HSNSI: On eurusd it is 48,93%, on gbpusd – 55%, on audusd – 47,76%.
HSFSI: On eurusd it is 47,61%, on gbpusd – 60%, on audusd – 36,84%
As you see this pattern has more than average success rate on gbpusd and less than average success rate on eurusd and on audusd . Trading this type on gbpusd and not trading it on eurusd and on audusd is a way to improve trading.
Ok, mates. That is all for today. Next time I will explain SNSI and SFSI. If you find the information interesting – click “thumb-up”. If you don’t want to miss the next edition – subscribe. Hope to see you again.
