SNSP bat type is the most perfectly looking bat type.
Let’s decode the name. “S” – XA is not interrupted by a deep (at least 0,382AB) retracement. “N” – BC is straight. “S” – A and C don’t form double top/bottom. “P” – CD is not interrupted by a deep (at least 0,382AB) retracement.
I will remind you average success rate of . As usual, three pair for illustration:
On eurusd it is 53,52%, gbpusd – 52,39%, audusd – 51,53%.
These results we’ll have if we trade EVERY we can find.
I’ve been testing SNSP on M5 TF on 4-year period data and got the following features (I will only talk about eurusd , gbpusd and audusd as examples):
On eurusd I found 22, on gbpusd – 25 and on audusd – 28. Not very frequent type)
Success rate of SNSP type:
On eurusd it is 72,72%, on gbpusd – 52,00%, on audusd – 64,28%.
As you see this pattern has more than average success rate on eurusd and audusd and less than average success rate on gbpusd . Trading this type one eurusd and audusd and not trading it on gbpusd is a way to improve trading. (To tell the truth, gbpusd in not very much friendly to bats))
Ok, mates. That is all for today. Next time I will explain HSNSI. 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.
To know more about the way of differentiating bat types, visit Part X (link is attached as related idea)