Three White Soldiers 

Three White Soldiers Identification

Three consecutive white candles, each with a higher close.

Robot Logic

The robot waits for two conditions to occur at the same time before creating a buy signal:

1.  Formation of the Three White Soldiers candlestick pattern.
2.  The last five candles must meet oversold conditions according to the Stochastic Oscillator.

Note - The robot will not place a trade if another buy order is already active.

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.

Forum Discussion - Click here to discuss tips, suggestions and ideas with other traders.