GBPUSD. unified gartley
Actualizado
A potential unified gartley is setting up.
Trade plan: enter long@1.22241with sl @1.21845(39.6 pips) and tp @1.23429(118.8 pips).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 37 times on GBPUSD,30M if the swings are identified with prex(6) algorithm. The best expectancy of 0.7386 of the Risk is acheived if the entry is placed @0.7XA (limit order), stoploss is placed @1.1XA and target is three times greater than risk distance. Historically average RR ratio is 2.39, the probability of win is 51.35%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Trade plan: enter long@1.22241with sl @1.21845(39.6 pips) and tp @1.23429(118.8 pips).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 37 times on GBPUSD,30M if the swings are identified with prex(6) algorithm. The best expectancy of 0.7386 of the Risk is acheived if the entry is placed @0.7XA (limit order), stoploss is placed @1.1XA and target is three times greater than risk distance. Historically average RR ratio is 2.39, the probability of win is 51.35%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Operación activa
Nota
By the way, this pattern is also seen on 1H. Based on 1H history the optimal way of trading it looks this way: prntscr.com/oxpslvOperación cerrada: objetivo alcanzado
1H trade recommendation worked extremely well:) Let's see if the 30M trade recommendation works as good:)Here's the screenshot of the chart: prntscr.com/oy2hfs
Nota
Guys, sorry for misguiding you. Target should NOT be 3 times greater than risk distance but 2 times only. It was GBPAUD target that should be 3 times greater than the risk distance. Here's the screenshot from my backtest file: prntscr.com/oy64ruHere's the chart with trade levels for GBPUSD, 30M: prntscr.com/oy65nb
Operación cerrada: objetivo alcanzado
Nota
Guys, Just double checked my files. GBPAUD also has target 2 times greater than risk. Here's the statistics file: prntscr.com/oy69i6
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