Candlestick Trading Systems

What will be presented here is a collection of trading systems that use the various Candlestick Patterns. These systems are undergoing constant updating and improvements. If you see a way to improve on one of these systems please feel free to post it at the YaHoo TC2000 board. This is not a tutorial on Candlesticks, so if you want to get a feel for what candles can do for you, buy a Good Book, Key Search Word= Candle or Candlesticks.

Below is a window of the Tab settings used. These are just for reference. Use what ever you are familiar with for tab settings.

In order for you to see the actual Candle pattern the date line on the graphs has been moved one day to the left. The actual signal day is the next day to the right of the date line. I have included 2 graphs for each PCF in an atemp to show you a past signal and a present signal.

Hammer: (DownTrend reversal -bullish-)

PCF:

(C > O) AND (C = H) AND (O - L) >= (2 * (C - O)) AND (MINL10 = L) AND (AVGC5.6 > (1.1 * AVGC5.1)) AND (AVGV10.1 > 250)

 

 

Engulfing: (DownTrend reversal -bullish-)

PCF:

((MINL10 = L1) OR (MINL10 = L)) AND (C1 < O1) AND (C > O1) AND (O < C1) AND ((2 * (O1 - C1)) < C - O) AND (AVGC5.6 > (1.1 * AVGC5.1))) AND (AVGV10.1 > 250)

 

Hangman: (UpTrend reversal -bearish-)

PCF:

(AVGC5.1 > (1.1 * AVGC5.6)) AND (C < O) AND (O = H) AND (MAXH10 = H) AND (C - L) >= (2 * (O - C)) AND (AVGV10.1 > 250)

Engulfing: (UpTrend reversal -bearish-)

PCF:

(AVGC5.1 > (1.1 * AVGC5.6)) AND ((MAXH10 = H1) OR (MAXH10 = H)) AND (C1 > O1) AND (C < O1) AND (O > C1) AND ((2 * (C1 - O1)) < (O - C)) AND (AVGV10.1 > 250)