Here is some stats from our pattern recognition App (https://app.mycloudquant.com) for Crypto currencies including Bitcoin(BTCUSD), Ethereum (ETHUSD), Bitcoin Cash (BCHUSD), Litecoin (LTCUSD) and Ripple (XRPUSD)
Following statistics observed patterns with more than 100 instances .
66.67% of patterns were winning (Forecasted Bias was equal of Actual one)
Mean Risk-Reward is 3.12 – Winning pattern were 3.12 more profitable than losing ones
Median Risk – Reward is 5.87 is extremely good one . Almost 6 times more profitable
Another point is that Median Delta (Actual return – Forecasted return ) of winning patterns is 0.19% which means that forecasted return at max return day was very accurate.
|Patterns found – Crypto currencies 1.Jan.2020-28.Oct.2020|
|Patterns with number of Instances >100||Crypto|
|Winning patterns %||66.67%|
|Mean return winning patterns||25.80%|
|Mean loss losing patterns||-8.27%|
|Median return winning patterns||25.29%|
|Median Loss losing patterns||-4.31%|
|Mean delta (Actual return – Forecasted return ) winning patterns||1.44%|
|Median delta (Actual return – Forecasted return ) winning patterns||0.19%|
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