How to Install and Use Personal Criteria Formulas to "Supercharge" TC2005 Charting Software (aka) TeleChart 2005 & TCNet by Worden Brothers as Personal Criteria Formulas "pcf" stock trading system and also used by Chart Navigator Charting Software

First and Only web site that sells "Personal Criteria Formulas" for Candlestick Chart Patterns used for TC2005 and TCNet Charting Software (aka) TeleChart 2005 and Chart Navigator Charting Software for accurate stock market timing and technical analysis for your stock trading system. The Candlestick Chart pattern formula software that you find on this web site are 100% guaranteed to find and organize the specific pattern that you are looking for provided that said Candlestick pattern was created by a stock, index, or any symbol in "All Items in the System" within the FREE TC2005 Charting Software, aka TeleChart 2005 and TCNet. (Additional information on pcf guarantees can be found on our Disclaimer and Terms of Use Agreement.) Each of these formulas have been thoroughly used and tested to deliver the exact candlestick pattern stated along with some variance in order to be able to deliver more results. If a specific chart pattern that you inputted does not scan up, it can only be caused by three problems since each formula has been thoroughly tested and they work. 1.   The Candlestick pattern was not found within the database on that closing day. Some extremely rare Candlestick patterns may only show up in a scan once within a six to twelve-month period (depending upon the extra free trend variations used that came along with your formula) assuming that you are scanning "All Items in System." 2.   User error. There can be a multitude of reasons for an error from something as simple as inputting the formula incorrectly that was sent to you, to having to many "conditions" set on a particular scan, which is a very common error. 3.   You are not doing a daily update with the box checked for "Automatically update Personal Criteria following download." Please follow all the instructions and pictures below in detail to the letter for the correct installation and use of the Personal Criteria Formulas (pcf) and you will have no problem getting started and boosting your income.

Read the direct responses from our past clients on our Testimonial page.

NOTE: You will note that these directions are written specifically for TC2005 software and not for TCNet and Chart Navigator software. For instructions to install pcf's into TCNet and Chart Navigator software, you will have to refer to their respective help manuals since I  personally use TC2005. All the formulas will scan for Candlestick Chart Patterns the same with TCNet and Chart Navigator software. The formulas DO NOT work with the real time version of TCNet for all formulas are written on a closing day basis and NOT for intraday charting.

The following instructions will give you your first pcf FREE, which will be the Single Candlestick Chart Pattern the White Marubozu. You may also download the full version ebook of the White Marubozu Single Candlestick Chart Pattern formula that contains detailed information and instructions for FREE so you can try out a formula to prove to you that they work!

These instructions are for both new users to test out a pcf for the TC2005 Software and also for customers that have already purchased pcf's and need to learn how to install them. This is a demo version of what you can expect for all our pcf products so you may evaluate one pattern to be certain it will work correctly for all your needs prior to any purchases.

For those that have already purchased a Personal Criteria Formula, just input that formula in place of the White Marubozu formula, which will be highlighted in green. Any area of these directions that you may want to choose a different name will be highlighted in dark red.

Press the Personal Criteria Formula button at the top marked fx.

You will get a window called "Personal Criteria Formulas" which you would
then press the button that when you mouse over it will say "Create New Personal Criteria Formula."

A new box will pop up marked "Name Criterion." Type in the name for your new pcf, which would be Marubozu White. I personally put the candlestick pattern name first, as in thiscase Marubozu, then I put the description after it. This makes it easier to keep all of one type of candlesticks alphabetically together. As an example, my screen after Marubozu has black, black closing, black opening, white, white closing, white opening, etc. making it easier to find in the lists. You should now have a window that looks like this.

Click on OK and you will then get another window marked "Editing formula for Marubozu White." This name will be different based upon what name you named your pcf. Type in the following formula EXACTLY as it is written. (Extra spaces in the formula DO NOT make any difference since once you press "save" TC will fix any spaces to accept the formula for the program.)

C>O AND C=H AND O=L AND C-O>.01

This is the FREE Candlestick Chart formula for the White Marubozu.

NOTE: Any other formula that you would have purchased for another Candlestick Chart pattern would go in this area.

A common problem we get a LOT, is when there is a >= in the formula. The problem is that customers are adding a space in between these characters and then they get an error message that states, "Error in Formula Syntax." If you get this error message, be sure you DO NOT have a space between these two symbols.

Upon downloading your formula, you will notice that there are many variations included with different trend time frames that you could use. Each formula that you decide to use must be installed separately following these directions. In the example below you would have six different installations with six separate formulas. I suggest naming each one you install with the corresponding time frame of the associated trend along with any deviation (if any). For example if you were installing the "Mat Hold bull" pcf I would name the variations as:
1. Mat Hold bull with 1-day uptrend
2. Mat Hold bull with 2-day uptrend
3. Mat Hold bull with 3-day uptrend
4. Mat Hold bull with 1-day up & long candles
5. Mat Hold bull with 2-day up & long candles
6. Mat Hold bull with 3-day up & long candles

By installing the formulas in the above manner, each formula will stay alphabetically together in your list. You may have to create your own abbreviations since the named box has limited character spaces. Number six in the above may be abbreviated to look something like this, "Mat Hold bull w 3 up, lg cndl."

If you are new to stock market investing or don't quite understand how to use, or why I would include so many variations, don't be alarmed. Each formula that is purchased comes with approximately four pages of explanations since so much of the stock market and related terms are subjective. Steve Nison and Gregory L. Morris wrote the best books on candlesticks for the most complete education. More information and titles of their books can be found on our main page on Japanese Candlesticks and they can be purchased at our Investment Bookstore.

Click the "Save" button and you will still have a window on your screen marked "Personal Criteria Formulas." If you scroll through the box, you will be able to see your new pcf that you just created,and in this case the Marubozu White and they should all be in alphabetical order. If you do not find your new named scan in this list, then you may have left out a step so go back and start over again.

Click on the button to the right of the last small button and this time when you mouse over it will say "Change Personal Criteria Formula Settings." Another window will open which you would then press the button labeled "Update All Criteria."

The Personal criteria will then scan all the charts for the new pcf you just created. When it is finished, close the remaining window after the scan is complete.

Test for Correct Installation of "pcf" condition
Now as a test to be sure the pcf was installed correctly before we go into the advanced scan, complete the following test.

Once the update is complete, set your "Watchlist" to "All Items in System." Then set the "Sort" to the new pcf "Marubozu White" or whatever the new pcf name would be. The result box will then show all the White Marubozu candlestick results from looking at "All Items in the System" and will be listed as "true". You may have to scroll up or down to see the results depending upon the ascending or descending box checked. By looking at "All Items in the System", which will be the largest inventory within TC2005, you should get quite a few White Marubozu since this single chart pattern is usually numerous.

Setting up an Advanced Scan for the New "pcf"
We will now be setting up a scan based upon the new pcf that we created. Press the Easy Scan button at the top marked with a lightening bolt.

You will get a window called "EasyScans" which you would then press the button that when you mouse over it will say "Create New EasyScans"

You will get a window called "Editing conditions for: New Easy Scan" which will show the default value of "Watchlist: All Items In System" and you should leave it at this setting.

The second line will default to "(Add New Condition)." Click on this phrase and a new window will pop up. Scroll down until you find the new pcf that you just created to "Marubozu White" and click on it. This will automatically add the new pcf to the new scan you are creating and will look like this image.

This would be the time that if you wanted to add additional "conditions" for your new scan you can do so.

Personal Note: Myself, since I only trade options, on all my scans I have added the condition "Optionable." For me, looking at non-optionable stocks is a waste of my time since my trading system doesn't include trading stocks.

You will note that on the right side of this box under "Count" will show you how many stocks match your conditions. If you are working with a pcf that is very rare like the "Abandoned Baby" chart pattern, you will probably not see any results since this pattern scans up only occasionally.

A Word of Caution
The more conditions that you add to the scan that you are building, the greater the possibility that few or NO candlestick chart patterns will come up. So for this illustration I will use NO additional conditions in order to see as many candlesticks chart patterns as possible. I strongly suggest adding NO additional conditions since if needed, you will be able to use the same "conditions" as a "sort" if the scan brings up to many items in the WatchList. This will be addressed later.

Click on the "Save As" button and in the box you will type in Marubozu White or another name for your scan. You should now have a window that looks like this.

Click "OK" and the "WatchList" will be on the "new scan" that you just created which will be the Marubozu White. If you followed these directions to the letter, you should have quite a few Marubozu White candlesticks in your "WatchList." With this type of scan set up, you will only have the Marubozu White candlesticks as results in opposed to only using the Marubozu White "pcf" as a sort. Now would be the time that you can change the "sort" for something else that you would want to filter or sort by. I personally like to use the sort "Price Percent Change 5-Day H." and set the ascending or descending based upon what I'm looking for. Everyone will have his or her own preference.

You will need to repeat the steps above for ALL of the formulas that you have purchased and for EACH variation that you want to install. After you finish, click "Scan Charts."

Additional Help
If you need any additional help with installing pcf's or creating new scans on TC2005, click on the "Help" button located at the top of your screen and then click on "Users Guide" and you will see the TC2005 Users Manual in pdf form that is built within the CD. The "TeleChart 2005 Help Topics" also under the "Help" button is an additional area that you will find a wealth of information.

Important Note
All the Personal Criteria Candlestick Chart pattern formulas are written on a closing day basis. This means that for the correct results in scanning for a specific Candlestick Chart pattern, the "Personal Criteria" must be updated at the end of EVERY day in order to be able to scan for new candlestick chart patterns.

Streaming Real Time Chart Patterns
The TC2005 Charting Software now works for streaming real time with an additional charge for the real time data stock feed. I HAVE NOT done any testing on the Personal Criteria Candlestick Chart Pattern formulas on an intra-day basis since a note within the "TC2005 Help Topics" states, "At this time, real time criteria cannot be used for sorting." Therefore, DO NOT purchase any of these formulas for a day trading system and there is NO Guarantee for these formulas being used in this manner. If anyone has any additional input on using pcf's for intra day, please contact me.

Personal Note: There is other real time charting software that I use in order to know when to buy and sell intra-day in order to get a better price when I enter or exit a trade or a spread for additional profits. I personally use TC2005 and the Candlestick Chart patterns as a trading system to tell me what DAY to buy or sell on and another real time software to tell me what TIME of the day to buy and sell at.

Practice "Better never late!" by owning the correct tools to Supercharge TC2005 Charting Software TODAY! Be a sophisticated trader and join the growing crowd of financially independent Millionaires by buying the correct Candlestick Chart Patterns for your trading system to enhance the quality of your life. Remember… practice, practice, practice, till "Perfect Practice, makes Perfect."

If you haven't done so already, download the FREE pcf of the White Marubozu Single Candlestick Chart Pattern formula to see how well it works with TC2005 Charting Software.

Read the Testimonials from happy clients that have used our Japanese Candlestick pcf Chart Patterns.

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