Im a subscriber and see % gains for each of the following 5 days after a candle pattern. How are these % gains calculated?
From the HotCandlestick “Search Databases” page subscribers can view actual results of the subsequent 1 to 5 day performance for each day a candlestick pattern appeared. These are not optimized performance numbers based on maximizing performance by using intraday prices. Instead, the percentage gains are based on the close for each of 5 days following a candlestick pattern using the opening price the day after the candlestick pattern as the reference value. Commission charged by your broker is not considered in the daily percentage gain calculation. The calculated gains are based on buying (going long) at the open of the day after the candlestick signal, then selling your position at the close of the same day, 1, 2, 3, or 4 days later. IMPORTANT: The results displayed when searching the weekly database are based on weeks instead of days. For example (using the daily candlestick database), A Bullish Upside Tasuki Gap candlestick formation is signaled for stock WXYZ on Friday, July 6th.
From the HotCandlestick “Search Databases” page subscribers can view actual results of the subsequent 1 to 5 day performance for each day a candlestick pattern appeared. These are not optimized performance numbers based on maximizing performance by using intraday prices. Instead, the percentage gains are based on the close for each of 5 days following a candlestick pattern using the opening price the day after the candlestick pattern as the reference value. Commission charged by your broker is not considered in the daily percentage gain calculation. The calculated gains are based on buying (going long) at the open of the day after the candlestick signal, then selling your position at the close of the same day, 1, 2, 3, or 4 days later. IMPORTANT: The results displayed when searching the weekly database are based on weeks instead of days. For example (using the daily candlestick database), A Bullish Upside Tasuki Gap candlestick pattern is signaled for stock WXYZ on Friday, July 6th. On
