What is candlestick strategy? - Page 270
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Thread: What is candlestick strategy?

  1. #1
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    What is candlestick strategy?

    I have saw candlestick pattern charts in mt4 but i can not get to have a best strategy on them to trade, please someone indicate me a strategy to use over candlestick charts.

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  2. #2691
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    I always use candlestick strategy it will give trader always good option to trade safely , if we have use the candlestick strategy it will give good ideas for trading safely , maximum learning and understanding about the market it will help to get good results our trading is going to be safe it will help to get success .

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  3. #2692
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    The candlestick patterns having the function to easily analyze the market so to work with these strategies and through the power of experience and good strategies to use and having the better skills of management will important to get the better results with chasing the market very accurately through these strategies .

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  4. #2693
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    The candlestick ia good chart and we can get several advantages from it and especially about the oatterns which can be used as references to analyze the market. With good understanding about the candkestick then traders can make good approaches to the market. I underline for some condition when we want to use the patterns and this is about the high time frames as ideal place to get the true patterns

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  5. #2694
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    Trend line strategy or support and resistance levels is a good strategy to make money with candlesticks you won't be needing any tool to make money with the candlesticks patterns but just the trend line tool that is all you will be needing to make money with the candlesticks patterns. Use trend line strategy it work with candlesticks perfectly.

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  6. #2695
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    Quote Originally Posted by mr.big View Post
    The candlestick ia good chart and we can get several advantages from it and especially about the oatterns which can be used as references to analyze the market. With good understanding about the candkestick then traders can make good approaches to the market. I underline for some condition when we want to use the patterns and this is about the high time frames as ideal place to get the true patterns
    Candle stick and price action strategies are best for technical analysts because using indicators alone one cannot strike high probability trades. So we can empower our analysis by learning about various bullish and bearish patterns and if we can also use to stop loss competently, then we can have great future ahead. Further its very important for technical traders to keep an eye on SOR levels and many patterns forming near SOR levels give stronger confirmations for trading.

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  7. #2696
    Trader J_C_Anderson's Avatar
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    Candlestick strategies are based on patterns formed by candles appearing in a specific way. Most of candlestick patterns are well-known, and each trader could easily find a list of such patterns and detailed description of each particular pattern to know about the ways to distinguish them. They are so momular for many reasons. First of all, it is easy to understand the concept of acndlestick analysis, so even newbe traders could easily recognize such patterns on the chart after just a few weeks of active trading. But the most important thing that bots also could recognize candlestick patterns accurately enough, and there are several ways to use it it trading:
    - use automated backtesting software (like Forex Tester, for example) to backtest strategies based on candlestick patterns on historical data,
    - create bots that would scan the market for the patterns you are looking for and send you alerts,
    - create fully automatic EAs that would candlestick pattern strategies to open and close position in accordance with rules set forth by trading system.
    That is why candlestick patterns are so important and useful for any trader. Thus, it would be great to learn more about it.
    By the way, despite the existing variety of candlestick patterns, each trader could develop his own patterns based on his own observations.

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