Candlestick W/out 'box' ??

[shooly76 10]

I am currently putting together a rules-based trend strategy using candlestick price movement.. I wait until a higher/lower close crosses through MA then wait for relative high/low..then I wait for 3 consecutive higher/lower closes inside supp/resistance to enter.

 

but here is my ?

 

>>if a candlestick comes up w no 'box', Im assuming this means close is the same as previous candle.. but can I count this 'no box' candle as one of my 3 higher/lower closes? or should I wait for 3 solid higher/lower closes?

[SIUYA 11]

 

>>if a candlestick comes up w no 'box', Im assuming this means close is the same as previous candle.. but can I count this 'no box' candle as one of my 3 higher/lower closes? or should I wait for 3 solid higher/lower closes?

 

It means the open on that candle is the same as the close on that same candle.....it might be close but not exactly the same to the previous candles close

 

can you count this - all depends on if you think close enough is good enough or you want to be sure.

test it and see if you are comfortable with whatever system suits and that its suits your theory of how the market works - for some people it shows signs of market hesitation/market rejection or for others its signs of market as per normal.

[Tradewinds 12]

Do you have any programing skills, and/or a way to backtest your strategy? I'm not saying that backtests are "the" answer, but they can show you things that you didn't realize or expect. I've studied charts, thought that I saw some kind of cause and effect relationship, only to find out that it's almost a purely random occurrence. Unless you have the computer process through at least some amount of data, and tabulate the results, then it's very difficult to get an objective perspective doing it all manually.

[shooly76 10]

thanks for the helpful replies..I have NT7..so I think I can backtest on that, but Im not sure how to backtest yet. is there a tutorial on backtesting for NT7?