Many different patterns are formed every day on the charts of financial symbols (stocks, currencies, etc.). Have there been similar patterns in the past? How did the price behave after similar patterns in the past?
In the table below you can find list of the most profitable patterns that have been formed now on different financial symbols. For each pattern, 100 of the most similar patterns in the past were found and trading results based on these patterns were calculated. The position is opened after the pattern appeared on the chart and is helding for a fixed amount of time.
Patterns are sorted in the table by the ratio of average yield to standard deviation.
|Pattern||Ticker||Start date||End date||Timeframe||Length of pattern (number of bars)||Trade signal||Position holding time||Statistics||All similar patterns|
||USDRUB||Dec. 6, 2019||Jan. 2, 2020||1 day||20||Buy||15||
Average profit per trade: 1.63 %
Profit/loss trades relation: 70% / 30%
Profit factor: 3.7
Average profit to standard deviation ratio: 0.47
Average of discrepancy coefficient: 0.184
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