Jay's Candle Sticker System

Quoting cms24748

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I'm just coming across this post and I'm really liking what I'm seeing. Ok, let me get this right so I don't screw it up.... At the end of the day, we are using American Bull to see if there was a "BUY" or "SELL" daily candle that formed. Then, if you want, look at the candle pattern's past performance history (for that pair) and judge weather or not we want to jump in? ... If of course you have a membership to look at the performance percentages and history. Without a membership, are these candle patterns still up to date? I noticed all these BUY...

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Quoting JayDavis

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{quote} You have essentially gotten the gist of it. There is some weirdness because it is set for stocks, but if you check this thread you will figure it out. All the current signals are valid as far as 5 pm on the most recent trading day. I suggest creating a spreadsheet and keeping track of the new ones each day. Members also get buy and sell levels a more detailed history of past confirmations. Early detection of potential confirmations. If you downloaded the zip files that is a snapshot of what a member sees.

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Quoting yalgaar

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Thanks for posting this. Any idea how do they generate the following signal performance? I mean is it based on taking every single signal that generated for that pair? Do you believe their reporting is reliable? IMO most signal services cook these reports to show positive ROI. {image}

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Quoting cms24748

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{quote} Yeah, GBP/USD just updated today, and with a SELL. Thanks for the advice. I went ahead and started a spreadsheet. I'm making it a little easier because I'm only looking at EUR/USD and GBP/USD. I try and only look at those two then trying to watch 28 different pairs. Its helped my trading because after looking at the same two pair for months, you really get to know the patterns and movement. You can almost predict what it will do certain times of the day on certain days. But anywho... candle patterns is a big weakness for me. This will be...

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Quoting JayDavis

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{quote} {image} So, after much study, we figured out that BUY means a buy order was placed and SELL means an order was closed. While Short means that a sell order was placed. If a Short follows a buy then the buy was closed and a sell order was opened. If a buy follows a short then the sell order was closed and a new buy order was opened. In general, sell means close, as in sell-off. Remember stock-terms. So... 12/29/2017 Starting with $10,000 a buy order was placed suffering $10 in transaction fees. 01/08/2018 Buy order was closed with a profit...

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Quoting BlackNapkins

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How about to move SL to BE for last position when TP2 is hit?

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Quoting cms24748

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{quote} I keep forgetting the page is not really for Forex. Sooo... we are looking for "BUY" and "SHORT" to get into trades? And a "SELL" is actually telling us to get out of a trade? Not in it? Well that's good to know. My sell orders would of been train wrecks. You had mentioned that AmericanBull is not really for Forex and that it looked like it was added as an "after thought" and is the "StepChiled". I have been thinking about dabbling into other areas of trading. I'm thinking about opening up a small RobinHood account on my phone and using...

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//+------------------------------------------------------------------+
//| Type of candle formation enumeration                             |
//+------------------------------------------------------------------+
enum CandleFormations
  {
   Bullish_One_White_Soldier,    // implemented
   Bullish_Three_Inside_Up,      // implemented
   Bullish_Morning_Star,         // implemented
   Bullish_Piercing_Line,        // implemented
   Bullish_Stop_Loss,            // implemented partially
   Bullish_Doji_Star,            // implemented
                                 //Bullish_Harami_Cross,         // not implemented
   Bullish_Harami,// implemented
   Bearish_Stop_Loss,            // implemented partially
   Bearish_Deliberation_Block,   // implemented
   Bearish_Dark_Cloud_Cover,     // implemented
   Bearish_Shooting_Star,        // implemented
                                 //Bearish_Harami_Cross,         // not implemented
   Bearish_Harami,               // implemented
   Bearish_Engulfing,            // implemented  
  };

//+------------------------------------------------------------------+
//| Bearish_Harami                                                   |
//+------------------------------------------------------------------+
bool Bearish_Harami(int bar)
  {
   int trendDay=bar+2;
   if(uptrend==MarketType(trendDay))
     {
      int firstDay=bar+1;
      int secondDay=bar;
      if(whiteBody==BodyType(firstDay)
         && blackBody==BodyType(secondDay)
         && Open[secondDay]<Close[firstDay]
         && Close[secondDay]>Open[firstDay]
         )
        {
         sellLevel=rLow(Close[secondDay],
                        (Midpoint(Open[firstDay],Close[firstDay])));
         sellConfirmed=false;
         SellOrderWorking=true;
         comment="Bearish Harami";
         sellStopLoss=rHigh(High[secondDay],High[firstDay]);
         // turn off buys
         BuyOrderWorking=false;
         MostRecentCandleFormation=Bearish_Harami;
         Print(comment);
         return true;
        }
     }
   return false;
  }

//+------------------------------------------------------------------+
//| Function to Determine Market Type at bar number                  |
//+------------------------------------------------------------------+
MarketTypes MarketType(int bar)
  {
   if(
      Close[bar]<iMA(NULL,0,3,0,0,0,0)
      && Close[bar]<iMA(NULL,0,5,0,0,0,0)
      && High[bar+1]>High[bar]
      && Low[bar+1]>Low[bar]
      )
     {
      return downtrend;
     }
   else if(
      Close[bar]>iMA(NULL,0,3,0,0,0,0)
      && Close[bar]>iMA(NULL,0,5,0,0,0,0)
      && High[bar+1]<High[bar]
      && Low[bar+1]<Low[bar]
      )
        {
         return uptrend;
        }
      return sideways;
  }
//+------------------------------------------------------------------+
//| Takes two values and returns highest                             |
//+------------------------------------------------------------------+
double rHigh(double number1,double number2)
  {
   if(number1>number2)
      return number1;
   return number2;
  }
//+------------------------------------------------------------------+
//| Takes two values and returns lowest value                        |
//+------------------------------------------------------------------+
double rLow(double number1,double number2)
  {
   if(number1<number2)
      return number1;
   return number2;
  }
//+------------------------------------------------------------------+
//| Returns candle stick body type                                   |
//+------------------------------------------------------------------+
CandleBodyType BodyType(int bar)
  {
   double open=Open[bar];
   double close=Close[bar];
   double dojiThreshold=dojiQualified*CandleSize(bar);
   if(open<close)
     {
      if(close-open<=dojiThreshold)
        {
         return dojiBody;
        }
      else
        {
         return whiteBody;
        }
     }
   else if(open>close)
     {
      if(open-close<=dojiThreshold)
        {
         return dojiBody;
        }
      else
        {
         return blackBody;
        }
     }
   else
     {
      return dojiBody;
     }
  }
//+------------------------------------------------------------------+
//|  Candle body size                                                |
//+------------------------------------------------------------------+
double CandleBodySize(int bar)
  {
   double size=Open[bar]-Close[bar];
   if(size<0)
      size=Close[bar]-Open[bar];
   return size;
  }
//+------------------------------------------------------------------+
//| Candle Size                                                      |
//+------------------------------------------------------------------+
double CandleSize(int bar)
  {
   return High[bar]-Low[bar];
  }
//+------------------------------------------------------------------+
//| UpperWick                                                        |
//+------------------------------------------------------------------+
double UpperWick(int bar)
  {
   double upperWick=High[bar]-Open[bar];
   if(Close[bar]>Open[bar])
     {
      upperWick=High[bar]-Close[bar];
     }
   return upperWick;
  }
//+------------------------------------------------------------------+
//| LowerWick                                                        |
//+------------------------------------------------------------------+
double LowerWick(int bar)
  {
   double lowerWick=Close[bar]-Low[bar];
   if(Open[bar]<Close[bar])
     {
      lowerWick=Open[bar]-Low[bar];
     }
   return lowerWick;
  }
//+------------------------------------------------------------------+
//| Bottom of Body                                                   |
//+------------------------------------------------------------------+
double BottomOfBody(int bar)
  {
   double bottomOfBody=Close[bar];
   if(Open[bar]<Close[bar])
     {
      bottomOfBody=Open[bar];
     }
   return bottomOfBody;
  }
//+------------------------------------------------------------------+
//| Top of Body                                                      |
//+------------------------------------------------------------------+
double TopOfBody(int bar)
  {
   double topOfBody=Close[bar];
   if(Open[bar]>Close[bar])
     {
      topOfBody=Open[bar];
     }
   return topOfBody;
  }
//+------------------------------------------------------------------+
//| Halfway Of The Body                                              |
//+------------------------------------------------------------------+
double HalfwayOfTheBody(int bar)
  {
   return Midpoint(Open[bar],Close[bar]);
  }
//+------------------------------------------------------------------+
//| Midpoint Of the Lower Shadow                                     |
//+------------------------------------------------------------------+
double MidpointOfTheLowerShadow(int bar)
  {
   return Low[bar] + (LowerWick(bar) * 0.5);
  }
//+------------------------------------------------------------------+
//| Midpoint of the upper shadow                                     |
//+------------------------------------------------------------------+
double MidpointOfTheUpperShadow(int bar)
  {
   return High[bar] - (UpperWick(bar) * 0.5);
  }
//+------------------------------------------------------------------+
//| Lowest                                                           |
//+------------------------------------------------------------------+
double Lowest(int bar,int barsBack)
  {
   return Low[iLowest(NULL,PERIOD_CURRENT,MODE_LOW,barsBack,bar)];
  }
//+------------------------------------------------------------------+
//| Highest                                                          |
//+------------------------------------------------------------------+
double Highest(int bar,int barsBack)
  {
   return High[iHighest(NULL,PERIOD_CURRENT,MODE_HIGH,barsBack,bar)];
  }
//+------------------------------------------------------------------+
//| Midpoint returns the midpoint of any two numbers                 |
//+------------------------------------------------------------------+
double Midpoint(double num1,double num2)
  {
   if(num1>num2)
     {
      return ((num1-num2)*0.5) + num2;
     }
   return ((num2-num1)*0.5) + num2;
  }
//+------------------------------------------------------------------+
//| A candle is short if it is in the bottom quarter of sizes        |
//+------------------------------------------------------------------+
bool ShortStick(int bar)
  {
   double avgSize=AverageCandleSize(bar,avgLookBack);
   double shortStick=avgSize*0.5;
   double currentBody=CandleBodySize(bar);
   if(currentBody<=shortStick)
     {
      return true;
     }
   return false;
  }
//+------------------------------------------------------------------+
//| A normal length candle is larger than a short and smaller than a |
//| a long candle 2/4 - 3/4                                          |
//+------------------------------------------------------------------+
bool NormalStick(int bar)
  {
   double avgSize=AverageCandleSize(bar,avgLookBack);
   double shortStick=avgSize*0.5;
   double longStick=avgSize+shortStick;
   double currentBody=CandleBodySize(bar);
   if(currentBody>shortStick
      && currentBody<longStick)
     {
      return true;
     }
   return false;
  }
//+------------------------------------------------------------------+
//| Long length candle                                               |
//+------------------------------------------------------------------+
bool LongStick(int bar)
  {
   double avgSize=AverageCandleSize(bar,avgLookBack);
   double shortStick=avgSize*0.5;
   double longStick=avgSize+shortStick;
   double currentBody=CandleBodySize(bar);
   if(currentBody>=longStick)
     {
      return true;
     }
   return false;
  }
//+------------------------------------------------------------------+
//| Returns the average candle size in points                        |
//+------------------------------------------------------------------+
double AverageCandleSize(int bar,int lookBackPeriods)
  {
   double average=0;
   for(int i=1; i<lookBackPeriods; i++)
     {
      average=average+CandleSize(bar+i);
     }
   average=average/lookBackPeriods;
   return average;
  }

Quoting JayDavis

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For all those following the candlesticker system it suggests placing a buy on USDCAD since a bullish pattern confirmed on close of trading Friday. I plan to execute a buy at market sometime around 7 pm on Sunday July 17th.

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Quoting vk4

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{quote} Hello sir, I have just joined the forum and not very familiar with this, I have opened account thru fxtm under investments strategy manager, just 4 days prior and lost 408 dollars on second day. I do not know TA at all. I want to change the broker, please advise me and if full automatically algo trading available with decent return. I am novice

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Quoting Loqito

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Hello Jay, thanks a lot for this topic. I am trying to follow the signals, but have a feeling that they are appearing too late (at least free signals, may be it is better with subscription). And this can be a tricky thing - if you analyze history of signals, it seems that signals are mostly profitable...but look at this USDCAD signal - you can enter only on Sunday, as I suppose with price about 31.800 and this is far worse than it is stated on their website (about 31.000). But they use their entry price 31.000 for historical data to make the whole...

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Quoting JayDavis

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A small effort at automating the system on the EURUSD pair. This EA is simplified from the main strategy in a few ways. 1. Stop-losses are actually set and applied. 2. Take profits are a multiple of stop-loss. 3. Lot size is determined by a percentage of equity. I took the twelve signals for EURUSD and coded them up to use as trade initiators. This EA takes trades after a candlestick pattern has been confirmed with a close beyond a buy or sell level. Stop-losses are the ones given by the candlestick pattern and there is an adjustable input as a...

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Quoting hibra68

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{quote} You dont have to pay. Except if you are monitoring stocks, because there are too many of them. If you goto candle sticker.com they have all the patterns. All you have to do is check everyday at 5pm, thats it. Hint, best patterns are bullish, bearish harami and engulfing.

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Quoting cms24748

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{quote} Yeah, GBP/USD just updated today, and with a SELL. Thanks for the advice. I went ahead and started a spreadsheet. I'm making it a little easier because I'm only looking at EUR/USD and GBP/USD. I try and only look at those two then trying to watch 28 different pairs. Its helped my trading because after looking at the same two pair for months, you really get to know the patterns and movement. You can almost predict what it will do certain times of the day on certain days. But anywho... candle patterns is a big weakness for me. This will be...

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Quote

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Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 1.3067, and our valid average buying price stands now at 1.3114. The previous SELL signal was issued on 06/08/2018, 7 days ago, when the currency rate was 1.2928. Since then USDCAD...