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.
