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2b pattern

  • #141
  • Oct 30, 2011 3:14pm Oct 30, 2011 3:14pm
Question why has this thread died when with a little work on the traders part (backtesting) you will see how super this setup is especially on 5 minute chart here are a few setups. Here are my setup rules the sifference between the peaks or valleys cant be more than 15 pips also if 2 candles go below the poke bar which is the bar that initially stated the 2b pattern then no trade thats my filter also if you want to use divergence that wouldnt hurt either to filter the trade.
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  • #142
  • Oct 31, 2011 1:19pm Oct 31, 2011 1:19pm
i got a question if i still trade this pattern. from my perspective this pattern can be profitable but on the h1 there are very few opportunities. now i have created 2 systems which use a combination between price action and indicators. keep on backtesting because backtesting rules :d.
  • #143
  • Oct 31, 2011 6:15pm Oct 31, 2011 6:15pm
delta try 5 minute chart and use divergence to filter the poke bar
  • #144
  • Nov 2, 2011 9:28am Nov 2, 2011 9:28am
I like this pattern - are you actively trading it?

Quoting T.h.p
Question why has this thread died when with a little work on the traders part (backtesting) you will see how super this setup is especially on 5 minute chart here are a few setups. Here are my setup rules the sifference between the peaks or valleys cant be more than 15 pips also if 2 candles go below the poke bar which is the bar that initially stated the 2b pattern then no trade thats my filter also if you want to use divergence that wouldnt hurt either to filter the trade.
  • #145
  • Oct 12, 2012 8:52am Oct 12, 2012 8:52am
Quoting T.h.p
Question why has this thread died when with a little work on the traders part (backtesting) you will see how super this setup is especially on 5 minute chart here are a few setups. Here are my setup rules the sifference between the peaks or valleys cant be more than 15 pips also if 2 candles go below the poke bar which is the bar that initially stated the 2b pattern then no trade thats my filter also if you want to use divergence that wouldnt hurt either to filter the trade.
THP could you give us examples (on a chart) of set ups that do not meet you criteria -divergence I can understand pictorially.
Thanks for your time -much appreciated.
every Saint has a past. Every Sinner has a Future
  • #146
  • Jul 11, 2015 5:31am Jul 11, 2015 5:31am
Nice strategy. Looks like it has potential.
  • #147
  • Edited 5:47pm Jul 16, 2015 3:54pm | Edited 5:47pm
gbp/usd we go long on a candle close above the line
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Learn THEN Unlearn
  • #148
  • Jul 16, 2015 5:01pm Jul 16, 2015 5:01pm
here is a auto MACD divergence indi
Attached File(s)
File Type: ex4 macd divergence indicator v2.1.ex4   12 KB | 829 downloads
Learn THEN Unlearn
  • #149
  • Jul 17, 2015 12:20am Jul 17, 2015 12:20am
gbp/usd popped 50 pips on break
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Learn THEN Unlearn
  • #150
  • Sep 16, 2015 2:45am Sep 16, 2015 2:45am
Someone can code the 2B pattern as an indicator ? would be interesting to backtest it on various timeframes and pairs.

thanks
"What would you attempt to do, if you knew your success was a certainty?"
  • #151
  • Apr 5, 2016 2:41am Apr 5, 2016 2:41am
Bump.
  • #152
  • Edited 11:50pm May 24, 2016 11:37pm | Edited 11:50pm
Hi deltatrade
This ok
if ok ,Please explain . To the point of order . TP & SL
Thanks
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  • #153
  • Jan 24, 2018 10:59pm Jan 24, 2018 10:59pm
hy to all members of the thread. i wrote about a new improvement to the current pattern. it is called delta rejection and can be found here https://www.forexfactory.com/showthread.php?t=732564
  • #154
  • Jan 24, 2018 11:03pm Jan 24, 2018 11:03pm
Quoting ahhamidz
Hi deltatrade This ok if ok ,Please explain . To the point of order . TP & SL Thanks {image}
hy ahhamidz. congratulations for your results with the trade explorer. seems like you have a lot of potential as a trader.
  • #155
  • Jun 18, 2018 1:57am Jun 18, 2018 1:57am
i revisited in my backtesting the 2b pattern. it seems that it is a valid system with a 65-70% winrate. it is a universal. when i first started backtesting i didn't knew what i know now. i wanted something better. as sl and tp needs more work but it seems to work with a 1 atr sl vs 0.8 atr tp. i'm currently working on my primary trading strategy and i have 7 more working strategies that can be even automated. this strategy can be automated also.
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  • #156
  • Jun 18, 2018 1:25pm Jun 18, 2018 1:25pm
Quoting Fxentropy
Someone can code the 2B pattern as an indicator ? would be interesting to backtest it on various timeframes and pairs. thanks
why dont we make EA?
this might help this technique to come true. https://www.forexfactory.com/showthread.php?t=761729
forex is better than cryptocurrency, trust me.
  • #157
  • Jun 18, 2018 11:04pm Jun 18, 2018 11:04pm
i personally don't have time to create the ea. possibly next year or by the end of this year. i just use the tool i developed Visual Backtest. https://www.forexfactory.com/showthread.php?t=779303
  • #158
  • Jan 15, 2020 6:41am Jan 15, 2020 6:41am
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  • #159
  • Dec 22, 2025 8:39am Dec 22, 2025 8:39am
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.. this must be move up this year again, because it is simple the best entry method. If you are able to make it working in line with the situation you are inn, this can be your goldmine.
Merry christmas and happy new year.
Perfection is the enemy of good enough!
  • #160
  • Dec 23, 2025 7:38am Dec 23, 2025 7:38am
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Trading is about reading context first and after that make a trading decision. Again, this is the ultimate entry model if you wish a great risk to reward output. Sorry for all who have a complex market approach.
Perfection is the enemy of good enough!
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