Best Candlesticks Pattern to Trade Stocks
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Abstract
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, M2DOI: https://doi.org/10.32479/ijefi.9298Downloads
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Published
2020-03-14
How to Cite
Cohen, G. (2020). Best Candlesticks Pattern to Trade Stocks. International Journal of Economics and Financial Issues, 10(2), 256–261. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/9298
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