How To Use Candle Patterns In Your Strategy
In this week's episode of Line Your Own Pockets, we explain how to use candle patterns in your trading strategy.
Topics covered:
- Candle patterns aren't magical signals, but that doesn't mean they have no value
- Instead of "when does pattern A work?", ask yourself "when does pattern A help my strategy?"
- Don't get stuck on the exact definition of a pattern (e.g., a hammer) - it's arbitrary
- The MabeKit Dojiness column as a good example of a continuous versus binary variable in a backtest
And much more...
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Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
Before you go!
The next time you find yourself in a drawdown, I want you to stop what you're doing and head on over to betterbacktesting.com to sign up for my free backtesting email course.
I hope to see you there!
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