I'm a researcher. As I see, as we got a result, regardless of it is good or bad one, it is a result we can consider it in an other researches or avoid using the same concept to save other researchers time and effort. Also, it could direct to some new ideas or directions for the same topic.
So, I personally consider it a value added info for adding a new info to our knowledge.
Thanks to the author, Evgeniy Logunov :)
This is an old article. I have read with interest.
I chanced upon the "miracle of candlesticks" recently when I was talking to someone about what kind of market structure will trading be more successful.
Then it falls on me that that market structure is actually a particular candlestick on a higher time frame.
And so, I have also begun coding an independent test module for it. Of course, this article becomes one of my references.
Win ratio is almost guaranteed for a specific candlestick of a certain category, but only for certain time frames.
My own opinion is that I think you cannot trade every candlestick that comes, like what the author did in his case.
Then it will be like throwing multiple darts and hoping at least some of them land accurately and wins exceed losses.
That explains the negative report in this article.
Well I think if more people contribute their ideas, even this seemingly useless article can also become an interesting topic in itself.
Just need more people to see the rationale behind it.
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New article Simple Methods of Forecasting Directions of the Japanese Candlesticks has been published:
Author: Evgeniy Logunov