Bearish Harami                                    Bullish Harami

Bearish Harami Identification

1.  The first candle is large and white. It is confirmed when it is part of an established up trend.
2.  The second candle is small with its body engulfed by the body of the first candle.

Bullish Harami Identification

1.  The first candle is large and black. It is confirmed when it is part of an established down trend.
2.  The second candle is small with its body engulfed by the body of the first candle.

Reversal Detection

The Harami candlestick pattern is used to detect a trend reversal. By incorporating this pattern recognition feature into a robot the following trade signals may be created.

Buy Signals

A buy signal is created when a Bullish Harami candlestick pattern is formed. An optional confirmation parameter using the stochastic indicator may be used to assist in determining when the market is oversold.

Sell Signals

A sell signal is created when a Bearish Harami candlestick pattern is formed. An optional confirmation parameter using the stochastic indicator may be used to assist in determining when the market is overbought.

Candlestick Colors

The traditional candlestick colors of White = "Up" and Black = "Down" are used.

Candlestick Pattern Recognition

This robot was created using the FxCandles Library included with FxSpyder's Autotrading Object Model. The Object Model is explained in detail with complete references in FxSpyder's Help Section from within the trading application, script editor and backtester.

Customization

This robot is available for customization via Help Desk requests.

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