Introducing CandlePro

Be Part of the 5% Who Succeed with
Professional Candlestick Signals.

[tab:What is CandlePro?]

PipHut Announces CandlePro

I am very proud and very, very excited to introduce CandlePro which will fully launch on Thursday, August 5th!

Why make a full-fledged Candlestick Service? Because it is needed. Everyone knows how powerful candlesticks are but the big questions are always: how do I know which candlestick to trade? Where to put my SL and TP levels? When do I need further confirmation? Etc Etc. Like every other indicator and system out there retail trades are just rolling the dice on candlesticks as you don’t have the historical data to make SMART trades.

I’ve said this before but it really is true: CandlePro is like having a team of analysts working for you, giving you a full performance report and pro advice on every candlestick signal :).

Some of its features include:

  • Auto Candle Pattern Detection – CP scans EUR/USD, GBP/USD, USD/CHF, AUD/USD, USD/JPY pairs on the 15m,30m,60m,4h and Daily GMT timeframes so you can spend more time trading and less time analyzing.
  • Forecast Strength – no more guesswork about whether that shooting star is significant! Gain confidence in the candlesticks and your trades
  • Performance Reports – the real power of CP… view detailed reports for any candlestick, any pair, any timeframe. See a shooting star on the 60m charts? Look it up its performance report and see the average reward/risk, max profit, drawdown, recommended TP and SL levels, and a whole lot more
  • Max Recommended TP – Quit leaving profits on the table! For those traders looking for a little more direction CP will analyze all the past signals and recommend a maximum take-profit.
  • Min Recommended SL – Quit getting stopped out on good trades! Similar to above, CP will analyze all the past signals and recommend a minimum stop-loss level for your trades.

    and a whole lot more…

Quit Gambling the FX Markets and
Be part of the 5% who succeed

Have you ever wondered why pro traders are able to consistently profit off of candlesticks, while you feel like you are taking stabs in the dark with every trade? The difference is that large traders have teams of analysts working around the clock, 24/7, to give them a wealth of data on every single candlestick, so that they are not just rolling the dice and gambling in the markets.

The fact is that you don’t have the time, money or resources to painstakingly research every candlestick on every pair, every timeframe – most independent traders don’t. And, unfortunately, as a result it is estimated that up to 95% of new traders fail the first year.

How CandlePro Will Help You.

To determine if CandlePro is right for you, answer the following questions below:

  • If you knew the historic performance of every candlestick for every pair and timeframe, what would that do for your confidence level in trading candlesticks?
  • If you were given recommended take-profit and stop-loss levels for every candlestick, what would that do to your trading results every day, week and month?
  • If you knew which candlesticks were consistently profitable and which candlesticks to avoid, how much of an advantage would that give you?
  • If you could instantly see candlesticks for 15m, 30m, 60m, 4h GMT and Daily charts for up to of the five most heavily traded pairs, how many more high probability trade setups would this generate for you in a day?

If you answered yes to any of these questions then CandlePro is going to be a game-changer for you. It tips the odds back in your favor. CandlePro is like having a team of analysts giving you advice on every candlestick and delivering that information right to your computer screen so you can pull the trigger on trades faster, with more confidence and with a better idea of your expected profit and loss levels for each trade.


Here is What CandlePro (CP) Does:

  • Auto Candle Pattern Detection – CP scans EUR/USD, GBP/USD, USD/CHF, AUD/USD, USD/JPY pairs on the 15m,30m,60m,4h and Daily GMT timeframes so you can spend more time trading and less time analyzing.


  • Forecast Strength – no more guesswork about whether that shooting star is significant! Gain confidence in the candlesticks and your trades


  • Chart snapshot – see the candlesticks in CP so you can judge them for yourself at a glance. Makes it easier to find the candlesticks on your own charts!


  • Forecast Direction – see at a glance whether a candlestick is bullish, bearish or neutral. Saves time and is good for quick reference


  • 10-candle profit – CP will automatically display the max 10-candle profit for past candlestick signals if 10 candles have passed. Used in the performance report for automated take-profit  recommendations. Quit leaving money on the table!


  • 10-candle drawdown – view the drawdown it took a signal to reach the 10-candle profit level. Used in the performance report for automated stop-loss recommendations. Quit getting stopped out on good trade setups!


  • Performance Reports – the real power of CP… view detailed reports for any candlestick, any pair, any timeframe. See a shooting star on the 60m charts? Look it up its performance report and see the average reward/risk, max profit, drawdown, recommended TP and SL levels, and a whole lot more


  • Average Reward/Risk (R/R) ratio – We all know the R/R ratio is important but until now knowing the historic R/R of a candlestick signal has been guesswork at best. CP will give you the average reward/risk ratio based on past candlestick signals so you are no longer just gambling and you are only taking the highest-probability setups.


  • Median R/R ratio – THIS IS EXTREMELY POWERFUL – the R/R median is similar to the average but is better at removing the extreme outliers, so if there was one signal out of 50 that brought in 1000 pips it won’t skew the median and make it look better than it really is.


  • Average gain – See the average 10-candle profit for all past signals to get a better idea of how profitable a candlestick is and how much a signal will move the price. Helps you place smarter TP levels.


  • Median Gain – Comparing the median gain to the average gain will give you a great idea of consistent any particular signal is (the closer the average and median are the more consistent a signal!)


  • Average drawdown - Don’t get stopped out of trades because you placed your SL too close, or lose too much because you placed it too far away! See the average 10-candle drawdown for any signal to help you place smarter SL levels!


  • Maximum TP – view the maximum 10-candle profit of all past signals analyzed!


  • Maximum drawdown – view the largest 10 candle drawdown of all past signals analyzed. Keep yourself from getting stopped out by “whipsaw” signals


  • Total Max Profit – Know how much profit you could have made if you had traded every past signal analyzed!


  • Total Max Drawdown – Know how much you would have risked if you had traded every past signal analyzed!


  • Forecast Strength Breakdown – Forecast strength is 50%, is that good? View which forecast strength levels are yielding the most pips to make better and smarter trades

  • Average TP/SL by forecast strength – Know what the average profit and drawdown are by forecast strength to make more informed trades and more profit.


Last but not least:

  • Max Recommended TP – Quit leaving profits on the table! For those traders looking for a little more direction CP will analyze all the past signals and recommend a maximum take-profit.


  • Min Recommended SL – Quit getting stopped out on good trades! Similar to above, CP will analyze all the past signals and recommend a minimum stop-loss level for your trades.


To see CandlePro in action, click the “Product Tour” tab above.

What are Candlesticks? >

[tab:What are candlesticks?]
Candlesticks were first used in Japan 200+ years ago as a way of analyzing the rice markets. Candlesticks convey large amounts of information about the market such as high, low, open, and close, within a visually appealing and easy-to-understand fashion.

Not only can candlesticks tell us the highs and lows, opens and closes of a price, however, but millions of technical traders are the world use candlesticks to actual peer beneath the market and take a glimpse of the underlying emotions driving the market prices. For example, in the below candlestick (called a “bullish doji”) we can see that there is great amount of indecision in the market place around the current price. Bears pushed the pair down quite a bit but were either not able to sustain the gains against buying bulls, or covered their positions because they felt the price was oversold. Bulls experienced the same phenomenon on the upper wick. Because this happened at the bottom of a downtrend this indecision can signal a potential reversal to the upside.

candlestick example

With CandlePro not only will the system alert you when candlestick signals such as this appear, but you will get to see the historical performance, forecast strength, recommended TP  and SL levels and much, much more!

< What is CandlePro? | Product Tour >

[tab:Product Tour]

CandlePro will be a game changer for forex traders. Hands-down. It will stack the odds back in an independent trader’s favor. But talk is cheap. So instead of just telling you I thought I would show you:

Step 1: Login

Step 2: Pro Dashboard/CandlePro

This is after you log in. You’ll see your Pro Dashboard and have various tabs of options. First up is CandlePro. As you can see it is robust. Many timeframes, candlestick formations, pairs and ‘forecast strength’ ratings for you to choose from (more on the options below).

Step 3: Search Candles

After you make your selections and hit ‘submit’ you are shown all the matches, plus a ‘live’ glimpse at the actual formation and a strength-o-meter for forecast strength. Wow! If we stopped here it would be a game-modifier, not a game-changer.  Let’s click “View Past Candles”.

Q&A: What is forecast strength? Forecast strength is the structural and locational strength of the candlestick. For example, a shooting star formation is much more significant if it is at the top of a recent uptrend, and not in the middle of a range. CandlePro detects this automatically and gives a “forecast strength” rating from 0-100.

Step 4: Confirm profit

Here we can view the past results for all similar candlestick formations! No longer are you taking a stab in the dark about TP, SL and formation quality. Plus view the results based on the 10-candle strategy meaning you are getting immediate return! Game is starting to change, lets see what else we can do. Lets click ” View Performance Report”.

Q&A: What is the 10-candle strategy? The 10-candle strategy is simple: we are shooting for maximum profit in the next 10 candles at the most. So “10 candle profit” is the MAXIMUM amount of profit you could have made in the following 10 candles. “10 candle loss” is the amount of DRAWDOWN that occurred to get that 10-candle profit #. Lets take a look at an example: lets imagine we have a bullish hammer on the 60m charts. The first candle the pair goes AGAINST our bullish hammer and drops 30 pips. But after four candles the pair has risen 100 pips from our original candle. After that the pair drops back down about 20 pips and enters into a range for the next 6 candles. The MAXIMUM profit you could have made with the 10-candle strategy is 100 pips, and the 10-candle loss would have been 30 pips.

How does that help? All technical analysis is based on analyzing past results to predict future results. Its the reason traders use all sorts of technical indicators: because past results can give us a clue as to future results. So by analyzing 50+ signals in the “performance report” (next step) we can see what the AVERAGE 10-candle profit and the AVERAGE 10-candle drawdown is we can more intelligently place our STOP-LOSS and TAKE PROFIT levels.

Step 5: Performance Report

August 15th update: the performance report has been slightly modified to improve ease-of-use. See the “Updates” tab of the User Guide for details


The Performance Report Makes
Trading Candlesticks Easy:

  • Performance Reports – the real power of CP… view detailed reports for any candlestick, any pair, any timeframe. See a shooting star on the 60m charts? Look it up its performance report and see the average reward/risk, max profit, drawdown, recommended TP and SL levels, and a whole lot more


  • Average Reward/Risk (R/R) ratio – We all know the R/R ratio is important but until now knowing the historic R/R of a candlestick signal has been guesswork at best. CP will give you the average reward/risk ratio based on past candlestick signals so you are no longer just gambling and you are only taking the highest-probability setups.


  • Median R/R ratio – THIS IS EXTREMELY POWERFUL – the R/R median is similar to the average but is better at removing the extreme outliers, so if there was one signal out of 50 that brought in 1000 pips it won’t skew the median and make it look better than it really is.


  • Average gain – See the average 10-candle profit for all past signals to get a better idea of how profitable a candlestick is and how much a signal will move the price. Helps you place smarter TP levels.


  • Median Gain – Comparing the median gain to the average gain will give you a great idea of consistent any particular signal is (the closer the average and median are the more consistent a signal!)


  • Average drawdown - Don’t get stopped out of trades because you placed your SL too close, or lose too much because you placed it too far away! See the average 10-candle drawdown for any signal to help you place smarter SL levels!


  • Maximum TP – view the maximum 10-candle profit of all past signals analyzed!


  • Maximum drawdown – view the largest 10 candle drawdown of all past signals analyzed. Keep yourself from getting stopped out by “whipsaw” signals


  • Total Max Profit – Know how much profit you could have made if you had traded every past signal analyzed!


  • Total Max Drawdown – Know how much you would have risked if you had traded every past signal analyzed!


  • Forecast Strength Breakdown – Forecast strength is 50%, is that good? View which forecast strength levels are yielding the most pips to make better and smarter trades

  • Average TP/SL by forecast strength – Know what the average profit and drawdown are by forecast strength to make more informed trades and more profit.


Last but not least:

  • Max Recommended TP – Quit leaving profits on the table! For those traders looking for a little more direction CP will analyze all the past signals and recommend a maximum take-profit.


  • Min Recommended SL – Quit getting stopped out on good trades! Similar to above, CP will analyze all the past signals and recommend a minimum stop-loss level for your trades.

Step 6: Set Your Trade CONFIDENTLY!

The game has been changed. For any candlestick, on any formation, for any pair you can view historic performance, average return, average SL, the biggest loss, biggest gain and average reward/risk ratio! This is the sort of info pro traders horde to themselves, and hedge fund managers pay tens of thousands for. Game changed.

Candlesticks are amazing.

The game has now not only been changed, it has been dismantled, danced upon and recycled. But what about the social aspect, the live trading room? Click the next tab above to read more about the LIVE trading room for CandlePro users.

< What are Candlesticks? | 15m Trade Example >

[tab:15m trade: 12 pips]

One of the great things about reliable candlesticks is that they usually push the price at least a few pips in your direction even if the longer-term result is negative, and this is great news for traders only looking for 5-15 pips per trade!

CandlePro allows short-term traders, or scalpers, to take advantage of this by offering lower timeframe signals like the 15m and 30m so you can get dozens of scalping opportunities throughout the day. In the following example we are going to follow along as a shooting star is generated on the 15m charts, and how we can use CandlePro to generate a short-term trade and profit.

Step 1: Check for new Candles

Select your preferred timeframe, pairs and candles and click “Go!” The following candlestick pops up:

Step 2: View Performance Report

The performance report is where we can get the recommended stop-loss and take-profit levels, view the historic performance numbers and view the average reward/risk ratio.

We can see that the average reward/risk ratio is well over the recommended 2:1, and that CandlePro is recommending a minimum stop-loss of 5.8 pips and a maximum take-profit of 15 pips.

Lets take a look at our chart to see what makes sense for this particular setup:

Step 3: Trade!

Here is the initial chart, and where we would put our SL and TP:

Here is the same chart 3 candles later, and our target has been hit for +12 pips!

< Product Tour | 60m Trade Example >

[tab:1h trade: 60 pips]

Ah the bread and butter. 60m is one of the most frequently traded (and most profitable) timeframe for candlesticks because it has such a great balance between quantity of signals and quality.

Check out this video below of a trade example using CandlePro on the 60m charts. ~60 pips for a few minutes of work is not too bad ;).

CandlePro allows day-traders, or traders who generally close positions at the end of the trading day, to take advantage of profitable candlesticks on the 30m, 60m and 4h GMT charts.

< 15m Trade Example | Daily Trade Example >

[tab:Daily Trade: 240 pips]

My Favorite. Daily candlesticks offer some of the highest probability setups out there, bar none. They are ideal for traders who work day jobs or otherwise don’t have time to sit in front of a chart all day. Daily candlesticks are generated at 0:01a GMT time and generally average anywhere from 100-300 pips profit and can stay open for a few days at a time. Much less stressful then chasing every candlestick.

Check out this video below of a trade example using CandlePro on the Daily charts. ~240 pips for a few minutes of work is not too bad ;).

CandlePro allows longer-term traders to take full advantage of Daily and 4h GMT candlesticks by generating high probability setups that can last for days and don’t require immediate entry to still be valid.

< 60m Trade Example | BONUS: Live Chat >

[tab:BONUS Live Chat]

For the first time ever you will be able to chat LIVE with other PipHut CandlePro users. These are the ELITE traders on PipHut that are here for one reason only: to make money. Discuss the latest candlestick signals, coordinate stop-loss and take-profit information and, of course, get to know your fellow traders

Talk with other serious traders

No delay, no refreshes – LIVE chatting.

< Daily Trade Example | Testimonials >

[tab:Testimonials]

PipHut has been around since 2008 and has quickly gained a reputation as one of the most reliable and trustworthy forex sites around, and a strong and loyal following from our “PipHutters”. Our articles and signals have been published IBTimes, ForexPros, Mataf and many more reputable news sites.

Below are just a small fraction of the glowing reviews we have received from PipHutters over the years…

“This website has to be the best Forex site out there. For any new trader, or experienced, this is a great place to be.” – Dan

“I cashed out at 1.2950 with a nice 80 PIP gain. Looks like I should have waited till your recommendation of 1.2975.” – Joe

“I tried your forex signal today and made up to 205 pips!” – Tunde

“thanks.. you are best..” – Idans

“Thank you so much Mark for this great site!” – Dan

“You are really doing a pretty nice work here! God bless.” – Clem

“Without you new traders like us cant survive!” – Onyeka

Awesome site, awesome work man. Thanks for making learning easier. Keep up the good work – Daniel

I have been following your daily assessments and i am amazed at how well you read the eur/usd. I am fairly new to Forex trading and trade mainly on a demo account. Your daily analysis is brief enough not to get bored yet comprehensive in the sense that it shows all probabilities accurately.
You should explore the possibility to start a live trading room. I will be one of your first subscribers – Pieter

Excellent site full of very useful information to help become a better trader. You’ll not find a better mentor than Mark. – Tritan

Yes, I agree that without your selfless efforts us new traders wouldn’t have a chance!

What I really like about Piphut is that I do not feel alone anymore….I’ve got friends around the clock:) It’s all about sharing, trying to motivate someone who landed in a pickle & asking and giving advise.

AND I STILL SAY …………. MARK FOR PRESIDENT !!!!!!!!!
-Hendrik

Hi Mark,

I’ve had a rocky ride trying to trade the forex but PipHut is now giving me the confidence I needed to keep going and not to give up.

Kind regards,

Stephen

you are the best! thank you :) – Chanya

Nice work man….
thanks….
I can learn to combine with my analysis… – Adhi Nugroho

Your site is designed very well and works great. I look forward to visiting very often. Thank you. – Daniel Shilina

“Thanks for all that you’ve provided. There’s not much of anything worth a heck that is free now days. Rock On!” – John

“This website has to be the best Forex site out there. For any new trader, or experienced, this is a great place to be.” – Dan

“Thank You Very Much” – Bruce

“If I haven’t mentioned it before, may I take this opportunity to say I find your work remarkable and admire your commitment to take the time to help fellow traders along the way. This is a quality not genuinely found in many successful traders. I am sure many traders are indebted to you for your support and wish you all the more success for your dedication and efforts.” – W. Chanson

“Your specialization on EURUSD is really paying off.Keep up the good job you are doing on this site.God bless you.” – Clement

“Thanks for your strategies (and lessons), they are the first I look for before trading – if we agree I know it’s going to be a good day – if we don’t – I stay out!” – Robert

“Right again!” – Raj

“Hi, I have been working with your signals for soomeme time now, and have been making profit.” – Charles

“Your website is lovely.Thanks for helping beginners like me play in this highly liquid market.God bless.”

“I just want to commend you for sparing your time to do this great job. Thanks indeed” – Fasoiro

“Your website is very peaceful and attractive. That’s a rare find and I am enjoying hanging out here.” – Collon

“Congrats to this nice Analysis from the USD/JPY today, I made 100 pips!” – Berthol

“Thanks for all you do!!” – Mike

“Thanks by the posts Mark!” – Elmar

“Hi Mark, Thanks a lot for your great work.” – Raymond

“Great analysis for EUR/USD!” – Plamen

“Thanks for your signals!!!” – Richard

“Thanks very much for this much appreciated service” – Robert

“Great site to help traders like me” – Pete

“THANKS FOR THIS” – Susan

“Thank you so much!” – Chanya

“Thanks for everything. You rock man!” – Juan

< BONUS: Live Chat | Signup and Pricing Info >

[tab:Sign Up Now!]

Signup Today for Instant Access!

    CandlePro members get everything available to the free members, plus:

  • Access to CandlePro – most advanced, powerful and affordable candlestick scanner/analysis tool available – anywhere.
  • Access to ProChat – LIVE chat with other SERIOUS traders around the globe
  • Priority support – have questions? CandlePro members have priority response over free members
  • Pro Articles – Get full access to “Pro” articles and sections of PipHut
  • and more!

Price: PipHut was created in 2008 with the goal of helping as many traders as possible – not just catering to the banks and hedge funds that already know how to profit in the markets. Pro’s pay $200 per month to $2000 one-time costs for similar, professional grade tools – that quite honestly don’t do as much CandlePro does. Regular price will be $97 per month, with no long-term contract (you can cancel at any time, no questions asked). This will give traders who are serious about taking their trading to the next level the ability to use a professional-grade tool, while also cost enough so you realize this is a true investment in your trading future – not just another freebie.

Sign up now to lock in your price – the regular price has already increased over 40% in the past 2 months as membership swells! By signing up now you will lock in your rate at $97 for as long as you are a member.

Start with PRO today >

Testimonials

CandlePro makes me feel that I am driving my car with clear direction ahead of me. Great Work Mark! God Bless You. And the ProChat makes me feel like everyone is around to help. – Suresh

CandlePro is most interesting to me because of the historical data – it’s amazing. Spotting the pattern once is one thing, seeing how it has performed historically just gives you so much more confidence. I used to trade about 5 yrs ago and let it go. I’ve been back since June with a different approach/mindset and already feel more disciplined.

The 15M CandlePro perfectly fits into my 5M scalping strategy. They filter out many of each others false signals. I love CP!

For me it was absolutely predictable today. One of the best days ever in my 10+ month career. There was a pullback at every R/S to get into a trade.

For 7 pips a month, it’s a bargain!!

Click here to keep reading testimonials!

[tab:END]

LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.