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nthony U DA MAN!! You have the patience of a saint.
We are almost there. I did some manual calculations for added examples.
I'll just stick with the 1day up following the pattern for simplicity.
Enclosed is the chart of ERES with each pattern indicated.
Stock: ERES
Total bars 252
Total patterns 18 which is 7.14% of total bars.
Out of 18 patterns 14 were up the next day and 4 down.
Probability of next day being up after pattern = (18/14)= 77.78%
summing of all 1day ups %profit= 62.2%
Average profit % = (62.2 / 14) = 4.44%.
Highest profit % = 9%
Lowest profit % = 0.1%
Probabiltiy of next day being down after pattern = (4/18)= 22.2%
sum of losses = (-4.57%)
Average loss % = (-4.57/4)= (-1.14%)
Highest loss % = (-3.3%)
Lowest loss % = (-.03%)
Average reward/risk ratio =3.89:1 (4.44/1.14) (avg win/avg loss)
The above are the most important stats. It looks like 16 columns are
required from ticker to average reward/risk ratio just for the 1dayup
after the pattern. After that it looks like 12 additional columns for
each added day. That's a bunch of columns. It wouldn't bother me
because I'm using (4) 19" monitors. :))
I'm a short term trader so I would like to see the stats for at least 2
or 3 days added but what are your thoughts?
TIA,
Dominick
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