Oh Look at that, ANOTHER Failed Cypher Pattern
So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk Reward and you have the makings of a depleted account.
The only people that I know of that get the so called 80% win rates are those guys over at TradeEmpowered. The guys that created the pattern in the first place. I have been through their courses, live trading rooms, etc. I know how they identify these patterns. But these patterns are TERRIBLE!
Do not trade them unless you want to loose money. Don't fall for the marketing and gimmick BS.
The only people that I know of that get the so called 80% win rates are those guys over at TradeEmpowered. The guys that created the pattern in the first place. I have been through their courses, live trading rooms, etc. I know how they identify these patterns. But these patterns are TERRIBLE!
Do not trade them unless you want to loose money. Don't fall for the marketing and gimmick BS.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.