Candlestick Patterns and how they can help Message Board

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Strategies & Market Trends : Candlestick Patterns and how they can help

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To: fut_trade who wrote (6)	3/21/2002 8:20:07 AM
From: Murray Grummitt	Read Replies (2) of 17

I trade so as to maximize gains and minimize losses therefore when I see a Doji form after a white Candle I sell at the close of the day the doji forms. This is actually a Bearish Doji Star hotcandle.com Therefore the back testing should reflect my trading style. My horizon is very short term so I would like to start by testing the reliability of the EVENING DOJI STAR pattern formation. day 1: close higher than open by 1% day 2: open higher than day 1 high. close within 0.1% up or down of the open. upper shadow greater than or equal to lower shadow. Not sure about significance of any of these criteria so you can play with them to find optimum return the following day (missed opportunity for gain the 3rd. day) if you choose. I would like to find the % of times the following day closes down and the average % loss in the following day. Lately I follow the XAU, Nikkei and Comp. TIA, Murray

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