Author Topic: Japanese Candle Stick and going up fast  (Read 4228 times)

pokbluesky

  • Newbie
  • *
  • Posts: 5
  • Karma: +0/-0
Japanese Candle Stick and going up fast
« on: September 14, 2011, 03:27:54 am »
Hello,
I am a newbie here but I came up with this strategy

http://www.trade-ideas.com/View.php?O=20000000000000000000000_19_0&QRUI=3&MaxSpread=5&MinVol=300000&MinRV=1.5&MinFCD=0.1&MinRD=70&WN=Pattern+Moving+Up+Fast&SL=1o12a1o15a1o17

This strategy will catch the bullish stocks from the japanese pattern  ( bullish pattern from the previous day , for example, Hammer, piercing pattern or engulfing ) and they are going up fast.

I don't know if this is good or not, please advise

TradeIdeas_DA

  • Administrator
  • Hero Member
  • *****
  • Posts: 728
  • Karma: +9/-2
    • Trade Ideas LLC
Re: Japanese Candle Stick and going up fast
« Reply #1 on: September 16, 2011, 09:41:39 am »
Try using the OddsMaker to understand the success of a trading plan applied to this strategy.  If you are low on credits, tell us how you would trade it using the OddsMaker fields and we'll run a report for you.
Follow me on Twitter: http://twitter.com/TradeIdeas

pokbluesky

  • Newbie
  • *
  • Posts: 5
  • Karma: +0/-0
Re: Japanese Candle Stick and going up fast
« Reply #2 on: September 18, 2011, 02:03:13 am »
Thank you for helping me test this set up. I really have no idea about OddsMaker. Also, OddsMaker is kind a little expensive for me.  Now I am still a newbie in stock market. If you can help me test the set ups. I have two set ups that I want to test.

On Japanese candle stick and going up fast set up (The topic one), I want two tests.
1. Buying alerted stocks at opening and Ending them after 15 min.
2. Buying alerted stocks at opening and Ending them after the market closes.

The other set up is

http://www.trade-ideas.com/View.php?O=660000000000000000000000000000000000000000000000003000000000000000000_19_0&MinVol=300000&MinFCD=.1&MinRD=55&WN=Moving+Up+Fast+from+bottom

This set up, I will wait until market opens for two hours and then buy stocks that got alerts within 11.00am.-1.pm. new york time After that I will quit all trades when market ends.

Thank you in advance for running reports for me. Thank youuuuuuuuuuuuuuuuuuuuuuuuuuuu

« Last Edit: September 18, 2011, 10:39:21 am by pokbluesky »

TradeIdeas_DA

  • Administrator
  • Hero Member
  • *****
  • Posts: 728
  • Karma: +9/-2
    • Trade Ideas LLC
Re: Japanese Candle Stick and going up fast
« Reply #3 on: September 18, 2011, 11:13:56 pm »
Let's start with the 2nd set up you posted.

Using these instructions: "wait until market opens for two hours and then buy stocks that got alerts within 11.00am.-1.pm. new york time After that I will quit all trades when market ends."

We get these interesting and positive results:

318 / 406 = 78.33% up $0.01 1 minutes before the close; Average winner = $0.4732, Average loser = $-0.2891, Net winnings = $130.7742, Best = $2.80, Worst = $-2.624; Casino Factor = 100%
Daily summary:
8/26 : 0.1501/2
8/29 : 9.2275/44
8/30 : -0.0984/2
8/31 : -7.3109/28
9/01 : -0.2148/2
9/02 : 0.0000/0
9/06 : 1.6200/1
9/07 : 30.6277/78
9/08 : 0.0000/0
9/09 : 0.0000/0
9/12 : 0.0000/0
9/13 : 2.7116/12
9/14 : 64.9250/100
9/15 : 29.6007/100
9/16 : -0.4643/37

Looks good.  Areas to improve would be results that yield an even higher ratio of average winner over average loser.  Also some days have very elevated trading levels, such that I would look to tighten certain filters to see if results improved.
Follow me on Twitter: http://twitter.com/TradeIdeas

TradeIdeas_DA

  • Administrator
  • Hero Member
  • *****
  • Posts: 728
  • Karma: +9/-2
    • Trade Ideas LLC
Re: Japanese Candle Stick and going up fast
« Reply #4 on: September 18, 2011, 11:25:08 pm »
Here are the results of your 1st request. 

Scenario #1
"On Japanese candle stick and going up fast set up (The topic one), I want two tests.
1. Buying alerted stocks at opening and Ending them after 15 min."

5 / 11 = 45.45% up $0.01 in 15 minutes; Average winner = $0.173, Average loser = $-0.1086, Net winnings = $0.2137, Best = $0.37, Worst = $-0.3044; Casino Factor = 57.19%
Daily summary:
8/26 : -0.1950/2
8/29 : 0.0000/0
8/30 : 0.1850/1
8/31 : 0.0000/0
9/01 : 0.0280/2
9/02 : 0.1201/1
9/06 : 0.5000/2
9/07 : 0.0000/0
9/08 : -0.4244/3
9/09 : 0.0000/0
9/12 : 0.0000/0
9/13 : 0.0000/0
9/14 : 0.0000/0
9/15 : 0.0000/0
9/16 : 0.0000/0

Scenario 2:
"On Japanese candle stick and going up fast set up (The topic one), I want two tests.
2. Buying alerted stocks at opening and Ending them after the market closes."

6 / 14 = 42.86% up $0.01 1 minutes before the close; Average winner = $0.2913, Average loser = $-0.1639, Net winnings = $0.4368, Best = $0.495, Worst = $-0.36; Casino Factor = 61.85%
Daily summary:
8/26 : 0.6750/2
8/29 : 0.0000/0
8/30 : 0.2400/2
8/31 : 0.0000/0
9/01 : -0.4900/2
9/02 : 0.3427/1
9/06 : 0.1491/3
9/07 : 0.0000/0
9/08 : -0.4100/3
9/09 : 0.0000/0
9/12 : 0.0000/0
9/13 : -0.0700/1
9/14 : 0.0000/0
9/15 : 0.0000/0
9/16 : 0.0000/0

Looks good!
Follow me on Twitter: http://twitter.com/TradeIdeas

pokbluesky

  • Newbie
  • *
  • Posts: 5
  • Karma: +0/-0
Re: Japanese Candle Stick and going up fast
« Reply #5 on: September 19, 2011, 01:46:21 am »
Sorry to disturb you but I don't know how to read the report.

Can you explain the report for me a little ? and Which one is better one ? 1st set up or 2nd set up.

Really no idea..




pokbluesky

  • Newbie
  • *
  • Posts: 5
  • Karma: +0/-0
Re: Japanese Candle Stick and going up fast
« Reply #6 on: September 19, 2011, 04:57:18 pm »
It's ok now. I found the User's Guide of OddsMaker now. Thank you!

TradeIdeas_DA

  • Administrator
  • Hero Member
  • *****
  • Posts: 728
  • Karma: +9/-2
    • Trade Ideas LLC
Re: Japanese Candle Stick and going up fast
« Reply #7 on: September 19, 2011, 05:38:40 pm »
For future readers of the thread, the link to the User's Manual is here: http://www.trade-ideas.com/OddsMaker/Help.html
Follow me on Twitter: http://twitter.com/TradeIdeas

tengkorakfx

  • Newbie
  • *
  • Posts: 6
  • Karma: +0/-0
Re: Japanese Candle Stick and going up fast
« Reply #8 on: May 27, 2018, 06:50:46 pm »
For me, doji candle pattern is the best way to identify a trend reversal signal and it's even more powerful to scan it on daily or weekly charts since it will yield more profitabilities (more reward and less risks). With Tradable bonus https://freshforex.com/traders/promotion/tradable-forex-bonus.html, these rewards can be doubled with proper risk management, of course.