Evening Star       Evening Doji Star      Morning Star       Morning Doji Star 

                                                             
                               

Evening Star 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 and may be white or black.
3.  The third candle is black and of "equal" size as the first candle.

Evening Doji Star 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 Doji.
3.  The third candle is black and of "equal" size as the first candle.

Morning Star 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 and may be white or black.
3.  The third candle is white and of "equal" size as the first candle.

Morning Star Doji 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 a Doji.
3.  The third candle is white and of "equal" size as the first candle.

Trading Logic

A buy signal occurs when either a Morning Star or a Morning Doji Star is formed.
A sell signal occurs when either an Evening Star or an Evening Doji Star is formed.

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.