Need EA based on candle patterns

Hi,

Maybe some of you can help.
I'm trying to program a EA based on candle patterns (reversal and/or continuation) and I would like to find :

- A source shows me the relablility of each one (% success..)
- If some candle patterns work better on daily, or H1, M30, M15..

I really would like to hnow if candle patterns have an avantage in term of good entries.

Thx for your help.

Best regards,
Wal

here's some info, there is a dude who performed a summary probability analysis on candlestick patterns, do not expect much from this though ...

Is there intraday working candle patterns on time frame H1, M30.. on forex market ?

I hope so. because mainly it's about daily charts

This Bulkowski guy has been researching them for 30 years. Most of his comments relate to the stock market though. Steve Nison who introduced Japanese candlesticks to westerners provides some insight into Forex market patterns. Just don't sign up for one of his webinars - he is unrelenting in spamming you.

http://www.candlecharts.com/
http://thepatternsite.com/CandlePerformers.html

Thx for the references CodeMeister.

Anyone have any information about intraday Forex market patterns ?
Because most of the pattern are daily or for the stock market.

thx you !

That is a tough question. Many will claim that the same ones can be used for end of day as well as intraday trading. Steve Nison is the best at differientiating.

Otherwise, you can pick up tips through online webinars and there is some useful information in the postings here and in Trading Discussions.

CodeMeister,

Where can I found information about intraday forex working patterns on Nison ressources ?

thx !

If you look at the left side of his main page you will see a "Profiting in Forex" link. He doesn't give away much in his speil. I did view one of his webinars targeted at Forex traders and he gave us a few teasers. The main thing I remember was the importance of engulfing patterns in forex in determining trend reversals on all time frames. He promised there was much more if we purchased his DVD.

There is also a Steve Nison thread on FF - I think its in "Trading Discussions".