Point & Figure analysis/ alert

Hi.
Please have a look at this link: http://finanzportal.wiwi.uni-saarlan...Kapitel6_9.htm

If P&F has the approximate same profitability in forex as it had during the time period it was tested for stocks ( 1100 stocks 1954 - 64 and 2 stocks 1914 - 64 ) - then, with proper money management, the patterns and breakouts are highly profitable.

What I am interested in is an alert added to the P&F indicator. Not a pattern recognition indicator. But a "close alert" every time a new block is drawn. If a 3-reversal box is drawn - an audio alert and pop-up box. If one further box is drawn - also an alert.

This way one could concentrate especially on ( see link ) :
B1 - % times profitable - 80,3
B2 - % times profitable - 80,4
S1 - % times profitable - 82,1
S2 - % times profitable - 88,6.

Every time there is an alert when a new box is drawn, one can look at the charts and see if either B1,B2,S1,S2 occurs or other patterns.

Attached is a screenshot with arrows to mark entries where either b1,b2,s1 or s2 occured.

Can anyone add alerts to this indicator ?
Or know of any programmer who can ?
The FXI_Point&Figure-Adv. indicator does unfortunately not recognize b1,b2,s1 or s2. It recognizes all the other patterns. Maybe the close alert can be added to that indicator ?

Attached: screenshot of FXI_Point&Figure_Advanced - indicator.

Would be best if "close alert" for each newly drawn box can be added to this indicator.

Do you know of any programmer who could do this ?

My German is a little rusty LOL. But luckily the charts and tables were in English.

My first concern is those "% times profitable" figures. What stop was used in these studies? Perhaps that answer is buried in the German text but my guess is there was no stop. Usually when I see success rates of 80% or more it's because there was no stop.

When trading P&F, one accepted stop method is to exit when the opposite signal occurs or your profit target is hit. Obviously the distance from entry to the price where an opposite signal occurs can be quite large. Therefore position sizing is important in order to keep risk manageable.

Edit:

I used Google translate to read that web page in English. It doesn't say if stops were used or not but the original studies by Davis might say.

In the german text it doesn´t say anything about sl or tp, money management. Just mentions that a study was conducted of 1000 stocks over a period of 10 years.

I agree - tight stop loss is needed. Maybe a RR of 1:1.