The concept is simple - for every pattern, both bullish and bearish - the AutoTest routine determines how
well that pattern performed following each signal. Performance is measured by price increases and/or
decreases after Buy and Sell signals. We call this Forecast Testing, a technique we developed early on for
candle and technical signals. (After a Buy signal we want the price to go up; and, after a Sell signal, down.)
For this, data are averaged over seven user-selected periods, appropriate for day, swing, or longer trading
horizons (in this case 1-7 for candles). The displayed results can be ranked by several parameters including
%Winners, Net Gain, etc. The user may then choose to have those winning patterns automatically
selected. As shown below on Page 1, all patterns with Averages > 50% would be selected. Other results
average about 40-60 percent of the total patterns. This 'selected' group of candles tends to improve most
performances over an 'all candles' group as trading continues into the 'un-tested' near future. It's important
to keep test periods current and retest every test period interval or when market conditions change.
CandlePower 6 Ultra Now for End-of-Day and Intraday Data.
This latest* CandlePower 6 Program gives you a complete instantaneous On-Screen reference for all Candle Pattern signals.
One click overlays this interactive and informative display on the chart screen. >>
*North Systems' CandlePower programs since 1990
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The candle pattern signals on the chart below are shown by black arrows in white boxes. They are placed
on a line, identified as "Candles" at the left margin, which is located between the price plot below it and the
technical indicator plot above it. The technical indicator is selected from the bottom line of symbols and is
highlighted. In this case, it is the NSI ("The Insync Index", Stocks & Commodities, Janurary 1995). The
prices may be charted using a Line, Bar, EquiVolume, or CandleStick or CandlePower (the candle width is
proportional to volume) plot. The Best button (highlighted) automatically selects the Best performing
indicator to chart. The Perf button displays the performance of all indicators including candles as a group.
Other options include HA for Heikin-Ashi charting, Compare 2 securities (Pairs), Weekly plots, Linear or
Log scales, Least Squares Fit, More/Less periods plotted, Previous/Next/New symbol, and Data Window.
As shown below, the information is displayed when the candle signal is right-clicked. It is identified by
enclosing the candles that make up the pattern with an ellipse, both on the chart screen and the overlay.
Note that information for any candle pattern is available, not just for the candle signals on the chart.
The information screen shown above is just one of the added features to the CP6 Ultra upgrade. The other
major feature in this new program is described below. It improves your overall trading performance by
separating the current patterns that are "winners" from the "losers", a capability unique to CP6 Ultra!
Auto-Select' Only Patterns with Winning Performance!
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Take Advantage of this FREE OFFER to evaluate CandlePower 6 Ultra Today!
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So, think about it. If you like what you see here and want more details then Click Here to Download the Free Full Function Demo of CandlePower 6 Ultra. You'll find that there's much more the program has to offer.
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Problem: Sometimes Candle Pattern signals work well - sometimes not!
Solution: Test and automatically select only patterns that are "winners".
CandlePower 6 Ultra AutoTest All Candlestick Patterns (Percent Winners) Page 2
Pattern Number 1 Per. 2 Per. 3 Per. 4 Per. 5 Per. 6 Per. 7 Per. Average 3 Black Crows - 36 40% 35% 38% 42% 41% 62% 67% 46% Hammer + 410 42% 42% 47% 52% 49% 50% 41% 46% 1 Wht Soldier + 783 40% 43% 47% 43% 48% 45% 47% 45% Battle/Rest + 208 52% 36% 37% 47% 45% 44% 51% 45% SxS Blk L - 16 43% 47% 47% 40% 47% 53% 33% 44% Gap Up + 1054 48% 47% 39% 33% 45% 46% 49% 44% Harami + 3961 44% 43% 48% 42% 44% 42% 42% 44% HA Buy + 10593 48% 44% 40% 36% 44% 45% 47% 43% Engulf. w/c + 426 54% 64% 38% 37% 37% 34% 39% 43% Sep. Lines - 13 42% 15% 69% 69% 38% 38% 25% 42% Gap 3 Meth. + 18 44% 28% 33% 50% 44% 44% 53% 42% 3 Wh Soldiers + 85 62% 48% 33% 35% 33% 35% 38% 41% Hom. Pigeon + 318 42% 50% 41% 36% 43% 38% 39% 41% Inv. Ham. w/c + 11 44% 33% 55% 50% 44% 40% 22% 41% Kicking-NSI + 30 34% 41% 63% 42% 39% 43% 22% 41% Har. Cross + 303 39% 40% 38% 37% 41% 39% 40% 39% Tri Star - 15 29% 27% 50% 36% 42% 36% 36% 37% Belt Hold - 21 25% 40% 37% 44% 31% 33% 33% 35% Ladder Bot. + 22 32% 48% 48% 24% 29% 25% 35% 34% H Cross w/c + 16 29% 14% 7% 27% 40% 53% 60% 33% Concealing + 4 50% 25% 0% 0% 50% 50% 50% 32% Breakaway + 5 40% 20% 40% 40% 40% 20% 20% 31% 3 Line Strike - 14 31% 31% 50% 23% 31% 25% 17% 30% 3 Stars South + 2 50% 0% 0% 0% 0% 50% 50% 21% Aban. Baby + 3 33% 0% 0% 0% 100% 0% 0% 19% Gap 2 Rabbits + 1 100% 0% None 0% 0% 0% 0% 17% On Neck Line + 2 100% 0% 0% 0% 0% 0% 0% 14% Two Rabbits + 2 0% 0% 0% 0% 0% 50% 50% 14% Advance Block - 2 50% 0% 0% 0% 0% 0% 0% 7% Breakaway - 1 0% 0% 0% 0% 0% 0% 0% 0% Uniq. 3 River + 1 0% 0% 0% 0% 0% 0% 0% 0% Kicking + 1 0% 0% 0% 0% n/t n/t n/t 0% 3 Dn Gap Up + 2 0% 0% 0% 0% 0% 0% 0% 0% In Neck Line - n/o In Neck Line + n/o Gap 2 Crows - n/o 3 Up Gap Dn - n/o Unique 3 Mtn - n/o 3 Stars North - n/o Average 48% 47% 50% 47% 49% 49% 48% 48%
Prepared using CandlePower 6 Ultra by North Systems - July 2, 2011 Page 2 of 2 Search of Stocks (Most Current 30 Periods) Search of 7356 Securities and 220059 Periods Trend Requirement: Traditional 40774 Total Patterns (One Pattern Every 5.4 Periods)
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CandlePower 6 Ultra Has 2 Testing Routines:
The AutoTest scan is based on post-signal price action alone (see Auto-Select above).
The BestPerf scan is based on simulated trading using Long, Short, or Both strategies.
The two routines let you select any number of periods to test with any ending date!
And, each routine tests both the candle signals and/or all 13 technical indicator signals.
Now, how do you know it works? BACKTESTING!
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This Complete Technical Analysis Program is Still Only $395. That's less than the price of just the Candle 'Add-on Module' for other leading programs!
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Test this powerful upgraded program on your own data for 4 weeks - FREE!
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Questions? Just Call Us at (503) 364-3829 or Email 'Support@CandlePower6.com'
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About the CandlePower 6 Ultra Chart Screen
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It does what you want it to do, and more...
...CP6 Ultra will AutoScan your stock, futures or Forex data bases
to identify securities with current Candle pattern and Technical
Indicator signals. The Latest AutoScan Results folder is updated
which allows quick access for charting the qualifying securities.
Try it out now! Click Here to Download the Full Function Demo.