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Membership Benefits - page 2 of 3

Here is a partial view of the top of the 'Search Databases' page.







The 'Search Databases' page allows you to screen for candlesticks and the associated gains that you might have realized based on those signals. Commission charged by your broker is not considered in the daily percentage gain calculation. The calculated gains are based on buying (going long) at the open of the day after the candlestick signal, then selling your position at the close of the same day, 1, 2, 3, or 4 days later.

Search results appear quickly. The next screen shot shows the form used to search our master database that has tracked candlestick patterns since 1992 and contains well over 1,000,000 pattern identifications.






The next image shows another example of a candle pattern screen.

The SCORE measures the past success of a given candlestick pattern for a particular security. Criteria are set such that a stock must have at least 5 instances of a particular candlestick pattern for a score to be calculated. The SCORE formula uses the standard deviation of the actual % gains for each of the 5 days following the candle signal. This allows for easy identification of patterns that have worked well for a particular stock by ranking the % gains achieved based on how consistent those gains were achieved.

To find which LONG (BUY then SELL) positions worked well in the past you should look for high positive SCORE values. High positive SCORE values represents a relatively higher reward to risk ratio for historic LONG positions.

Conversely, to find which SHORT (SELL then BUY) positions worked well in the past you should look for large negative SCORE values. Large negative SCORE values represents a relatively higher reward to risk ratio for historic SHORT positions.

For example,

A higher positive SCORE value would appear for a stock with the following 1st day percent gains (+5%, +4%, +7%) than another stock with the following 1st day % gains (-12%, +10%, +5%).






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