Candlestick Patterns Strategy

Algorithmic trading strategy for Silver Futures (SI) using 89-minute bars. Identifies Morning Doji Star for long entries and Evening Doji Star for short entries

Published · Updated · Methodology: Technical Indicators

Part of: Candlestick Patterns

  • Methodology: Technical Indicators
  • Content type: strategy
  • Timeframes: 89 minute bars
  • Markets: Silver Futures (SI)

Indicators used

  • Candlestick Patterns

Source video

Decoded from: Silver Futures Algo Trading Strategy - Unveiled! by Algo Trading With Kevin Davey — watch the original

Key timestamps:

  • 0:00 - Intro & Sneak Peek Performance Results
  • 0:32 - Silver Futures - Basics
  • 2:19 - Chart Setup Description
  • 3:06 - Entry Explanation
  • 4:36 - Sample Trades With This Algo Trading Strategy
  • 5:16 - Easy Language Code For This Algo Strategy
  • 6:38 - Complete Equity Curve & Performance Highlights For This Algo Strategy

Strategy overview

Candlestick patterns are multi-bar price formations that traders read as evidence of exhaustion or continuation in the current move. What makes this entry specific is not the pattern vocabulary but the surface it is applied to: silver futures, read on 89-minute bars — a Fibonacci-number interval that sits deliberately outside the standard 60- or 120-minute grid most charts default to.

The source is "Silver Futures Algo Trading Strategy - Unveiled!" from Algo Trading With Kevin Davey, and the video's structure reveals the channel's priorities. It opens with performance results, then spends its first minutes on silver futures themselves — contract basics before any signal — before moving to chart setup, the entry explanation, sample trades, and finally the EasyLanguage code. That last segment is the tell: this is presented as something a viewer is expected to type into a platform and test, not a discretionary read to eyeball.

The bar interval matters more here than it might appear. On a non-standard timeframe, candles open and close at points that do not align with session boundaries or with what other traders are watching, so the same pattern definition produces a different set of signals than it would on an hourly chart. This page covers the concept and the framing of the source video; the specific entry conditions and the code are demonstrated in the video itself.

Topics

candlestick patterns · trading strategy · pine script · tradingview strategy · silver futures strategy · algo trading strategy · 89 minute strategy · technical indicators · doji star strategy · si futures trading

Frequently asked questions

What is a candlestick pattern trading strategy?

It is a strategy that generates signals from the shape and sequence of individual price bars — the relationship between each candle's open, high, low and close — rather than from a calculated indicator. Reversal-type patterns typically require a specific arrangement of two or three consecutive candles before a signal is considered valid.

Why does this strategy use 89-minute bars instead of a standard timeframe?

89 is a Fibonacci number, and the source video builds the setup on 89-minute silver futures bars. Practically, a non-standard interval means candles form at different moments than they do on a 60- or 120-minute chart, so pattern definitions resolve on different price data — the timeframe is part of the strategy, not a cosmetic choice.

Are candlestick patterns reliable enough to trade mechanically?

Candlestick patterns are precisely definable, which is what makes them codeable — a pattern either meets its open/high/low/close conditions on a given bar or it does not. Reliability depends entirely on the market, the timeframe and the filters applied around the pattern, which is why it has to be tested on the specific instrument rather than assumed from general chart-reading guidance.

Where can I see the actual entry logic and code for this strategy?

The source video walks through the chart setup, the entry explanation and sample trades, and closes with the EasyLanguage code for the algorithm. Strategy Decoder catalogs strategies like this one from video sources so you can find the setup, then evaluate and test it before risking capital.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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