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 |
| Found patterns | 33 |
| Winning patterns | 22 |
| Losing patterns | 11 |
| 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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