Design your strategy based on the 106 built-in patterns
Quickly scan candlestick charts to find all occurrences of candle patterns. There are 106 built-in candlestick patterns at your fingertip.
Backtest your idea
Measure the profitability of every pattern on the chart. Trying to identify patterns manually, or visually can be problematic. It can be also be dangerous, as there may be a tendency to see patterns, where there are none, in random data.
Get recent market data at no cost from free sources
You can import free market data from Yahoo and Stooq (ETFs, mutual funds, stocks). If you have data in a text file or Metastock format, it can be loaded into the software as well.
Trade following a plan rather than emotions
Use an evidence-based decision-making process to avoid behavioural biases and errors. Use trading strategies based on candle patterns and start trading them!
Many investors have disappointing investment results due to a lack of strategy. Others believe that it is impossible to make money on the market. The truth is as the famous investor Warren Buffett described it: investing is simple but not easy.
Now with CandleScanner software you can use a ready-made, simple set of candlestick pattrerns that require little time to implement and execute. When making decisions based on a clear and proven strategy, you are not acting under the influence of emotions. You can spend your saved time elsewhere while saving a lot of money by investing yourself instead of paying for advice or services to others.
In 2014 I released CandleScanner software. In 2018, I launched the System Trader podcast, in which I try to present practical, proven and verifiable methods of investing in capital markets. I try to reach distinguished and recognized experts all over the world.
I graduated in computer science, and I have been a professional programmer for 15 years, working for such companies as Motorola and IBM. In 2007, I started my adventure with capital markets.
Experience in the field of computer science and knowledge in the field of investing allows me to implement a unique project for investors. My ambition is to present a practical approach to investing based on hard rules and numbers, rather than conspiracy theories, guesses and predicting the future.
For the full list of supported patterns (with detailed descriptions), please check here .
What does lifetime license mean?
It means that you can use the software without any time limit. Additionally, as a bonus, you get all software updates for free for the first year after purchase.
Why are candlestick patterns interesting?
Candle patterns are very interesting for traders due to their simplicity, elegance and natural interpretation of market sentiment. No matter how markets evolve, "patterns" will appear on the charts. Essentially, the core premise, and assumption, underlying the application of technical analysis is that such patterns are repetitive and detectable.
Is it possible to beat the market?
Markets are not fully efficient and recurring market anomalies originating in behavioural psychology have been observed for centuries. This does not mean, however, that they are easy to use for psychological reasons.
Do I need to obtain quotes data separately for CandleScanner?
Free end-of-day data is available in CandleScanner from Yahoo, which covers most of the world. CandleScanner connects to Yahoo so that you always have the latest data.
Will I find data for my market?
Following markets are covered: Argentina, USA, Canada, China, Hong Kong, Indonesia, Israel, Europe, India, Malaysia, Mexico, New Zealand, South Africa, South Korea, Saudi Arabia, Taiwan, Thailand, Turkey, Singapore.
Is it for me?
CandleScanner software is an excellent tool for all those who don’t want to follow markets based on emotions, but prefer to follow evidence-based approach.
What are the technical requirements?
You need a computer running on Windows 7/8/10 (64-bit) + Internet connection.