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% |
Subscribe to our pattern recognition at https://app.mycloudquant.com to get latest patterns.