Candlestick Strategies backtested

[B.Willis]

Does anyone know a book or website about backtested results of candlestick patterns/strategies?

 

[jtnet]

doesnt matter, every time frame the candle lengths are different.

 

[BSAM]

"Candlestick Charting Explained" by Gregory L. Morris

 

[B.Willis]

"Candlestick Charting Explained" by Gregory L. Morris

Does this book really contain a backtest of each candlestick pattern together with the results of the backtests?

 

[BSAM]

B.---

Stroll over to Barnes & Noble and take a look at page 228. I think this is the book you want.

 

[dandxg]

Quote from jtnet:

doesnt matter, every time frame the candle lengths are different.

I have been using candles for almost 2 years now. They have some validity, but beyond the most basic of signals, I don't think so.

If you take into account, different data provider, charting sofware, ISP issues one could end up with a doji that another would show as a spinning top. For those reasons I am moving away from candlestick analysis to other more reliable methods. But hey, if it works for you, then I am happy for you.

 

[WaveStrider]

"If you take into account, different data provider, charting sofware"...etc

Definitely true. You should always cross check your charts of the same day/instrument/timeframe charts with others you know at EOD to spot-check each other's QOS - especially with others using the same vendor. I've done it and the candles haven't always looked the same (sometimes by a lot).

 

[B.Willis]

@BSAM:

You are right, this book seems to contain what I´m looking for.
Thank you.