Find in Library
Search millions of books, articles, and more
Indexed Open Access Databases
Best Candlesticks Pattern to Trade Stocks
oleh: Gil Cohen
| Format: | Article |
|---|---|
| Diterbitkan: | EconJournals 2020-03-01 |
Deskripsi
This research examines whether candlesticks patterns can predict trends swings. Our results indicate that well known two days "Engulfing" pattern have failed to produce a positive gain while the "Harami" pattern has barely succeeded to do so. A more complex patterns known as the "Kicker" barley achieved a positive average gain and was also outperform by the simple B&H strategy. We found that the "Stairs" pattern developed here, has achieved a positive gain for all twenty examined stock and has outperformed the B&H strategy for sixteen out of the twenty stocks. Keywords: Candlesticks Patterns, Trends, Algorithmic Trading, Stocks Investing. JEL Classifications: C1, M2 DOI: https://doi.org/10.32479/ijefi.9298