Three Black Crows

Three Crows Identification

Three consecutive black candles, each with a lower close.

Robot Logic

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

1.  Formation of the Three Black Crows candlestick pattern.
2.  The last five candles must meet overbought conditions according to the Stochastic Oscillator.

Note - The robot will not place a trade if another sell 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.

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