Recent content by kilotrader

I tried to do some runs to figure out if PIN bars are better/worse. I changed the criteria for the open to be equal to close. So, I was looking for 5 down days and the sixth day where open=close. I found NO instances of this condition on SP500 stocks for the last 15 years. So I did a parametric...

For this analysis, I looked at next day close to establish the success criteria. I am tempted to think that the PIN bar is more like a doji. The required that Open and Close are very close to each other. For this analysis, I used the criteria that the distance between open and close is that...

Yes, I know it and absolutely love it. I am actually surprised that it has not got much mention on this forum. The main reason I like this software is that I can write code to customize pretty much every thing. Because it is based on .NET, I can write proprietary DLLs and back test my...

On the platform that I am using (Wealth-Lab), I have the ability to write custom code to define whatever indicator that I choose. And I am trying to figure out what is the most effective way to do it

I completed looking at the Bullish Harami, Bullish Engulfing Pattern, Hammer and the Doji and found the doji as the most reliable. Results are at : http://blog.kilotrader.com/2010/05/summary-of-candlestick-backtesting.html

The process of drawing support and resistance line is subjective. Many different traders have different ways of determining these lines. How do you draw them? The one that I use most often is to look at the 20-day high and the 20-day low to get my support and resistance lines.

I have used the K-ration as an alternative to the Sharpe Ratio http://www.investopedia.com/terms/k/kratio.asp

Backtest results for Bullish-Engulfing Pattern are shown below: http://blog.kilotrader.com/2010/05/backtesting-bullish-engulfing-pattern.html

I really appreciate comments and support on this forum

I plan to test out a few more patterns over the next week. Candlestickgenius.com has a list of most reliable candles. I will post the results I am not very familiar with the pin-bar. From what I have seen on the web, it is a doji with a open and close very close to each other (also known as the...

Yes, I agree that I should have a stop if I were to build a real trading system. But that is not the goal. The goal of the experiment is to understand if the pattern has any predictive power. So my exit is based on timed on the close of the next day. The results indicate that the win-ratio of...

I am new to the world of candlesticks and recently started to read about them. I completed a back-test on Doji as a trend-reversal signal. The results are located at: http://blog.kilotrader.com/2010/05/do-candlestick-patterns-work.html And they are NOT impressive What did I do wrong here? Do...