Steve Bigalow’s Candle Profit System 2.0

Exclusive to MetaStock, Steve Bigalow's Candle Profit System 2.0 is the only Add-on that lets you easily identify Steve Bigalow's unique candle patterns

Steve Bigalow’s Candle Profit System has been rated one of the best add-ons for any software by the readers of Stocks and Commodities magazine multiple times. It's one of our most popular and best-received add-ons.

Version 2.0 adds three of Steve’s favorite new multiple-day patterns as well as 15 of his single-day patterns. In addition, three new explorations have been added. These include two explorations designed to build a daily scan list and the new “Major Patterns” exploration, designed to scan for Steve’s favorite single day patterns.

Candle Profit System 2.0 includes the patterns that Steve uses in his everyday trading and that he’s been teaching for years in the classroom. Many of these are commonly formed, very easy to follow, and work in all time frames and on all instruments.

In total, this add-on will identify 36 of Steve’s most popular and loved patterns. It will identify them on the chart instantly, give clear descriptions of the patterns as soon as they form, and allow you to explore thousands of securities to find your favorite on the chart.

Explorations included in the Candle Profit System 2.0 add-on:

  • CPS - Doji Dynamite
    • Doji at Top
    • Doji Best Friend
    • Left Right Combo Bullish
    • Left Right Combo Bearish
    • Series of Doji Bullish
    • Series of Doji Bearish
    • Doji Sandwich (New)
    • Muffin Sandwich (New)
  • CPS - Major Patterns (New)
    • Doji (New)
    • Bullish Engulfing (New)
    • Bearish Engulfing (New)
    • Hammer (New)
    • Hanging Man (New)
    • Piercing Line (New)
    • Dark Cloud (New)
    • Bullish Harami (New)
    • Bearish Harami (New)
    • Morning Star (New)
    • Evening Star (New)
    • Shooting Star (New)
    • Inverted Hammer (New)
  • CPS - Price Patterns
    • Fry Pan Bottom
    • J-Hook
    • Fry Pan Bottom with J-Hook
    • Bearish Belt Hold
    • Bullish Belt Hold
    • Scoop
    • Dumpling
    • Top Cradle
    • Slow Curve
    • T-line Crunch
    • Bobble (New)
  • CPS - Power Signals
    • Bearish Kicker
    • Bearish Flutter Kick
    • Bullish Kicker
    • Bullish Flutter Kick
  • CPS - Universe (New) - This exploration is designed to create a watchlist of stocks based on Steve’s minimum requirements. This watchlist can then be scanned every day with your favorite scan.
  • CPS - Universe Oversold (New) - This exploration is designed to create a watchlist of stocks based on Steve’s minimum requirements but also includes an overbought requirement. This watchlist can then be scanned every day with your favorite scan.

Expert Advisors Included in the Candle Profit System:

  • CPS - Candle Profit System - highlights all patterns. The commentary system identifies all support and resistance patterns and give a clear view of all Steve’s patterns. In addition, it will give you detailed commentaries on all of Steve’s 36 patterns. This commentary will give you specific advice on how to trade any of the setups and patterns.

The following template are included in the add-on:

  • CPS-Bigalow Chart View.mwt - includes all the patterns and indicators that Steve uses in his daily trading.
  • CPS-Bigalow Chart View with Volume.mwt - The same as CPS-Bigalow Chart View, but adds volume and average volume.
  • CPS-Bigalow Chart View Futures.mwt - for trading Futures this template adds a 34 period EMA for additional support and resistance analysis.

About Steve Bigalow

Steve Bigalow's Candle Profit System 2.0

Stephen W. Bigalow possesses over thirty years of investment experience, including eight years as a stockbroker with major Wall Street firms:Kidder Peabody & Company, Cowen & Company and Oppenheimer & Company. (Followed by fifteen years of commodity trading, overlapped with twelve years of real estate investing) He holds a business and economics degree from Cornell University, and has lectured at Cornell and at many private educational investment functions over the past thirty years.

Mr. Bigalow has advised professional traders, money managers, mutual funds and hedge funds, and is recognized by many in the trading community as the "professional's professional." He is an affiliate of the "Market Technicians Association". ( - A non-profit association of professional technical analysts) and a member of AAPTA, the American Association of Professional Technical Analysts. (

His first book, Profitable Candlestick Trading:Pinpointing Market Opportunities to Maximize Profits, published by John Wiley & Sons, hit the market in January 2002. The book is directed towards the new investor all the way up to the most sophisticated professionals. It demonstrates a wealth of information, about price movement and the investor psychology, built into the Candlestick signals. Mr. Bigalow's second book, High-Profit Candlestick Patterns:Turning Investor Sentiment into High Profits, released in December 2005. This book takes trading to the next level, combining the proven results of Japanese Candlestick charting with effective Western technical analysis. The self-mastery of profitable investing simplified by visual evaluations. His latest book released the end of 2010, Candlestick Profits:Eliminating Emotions with Candlestick Signals, explores the reasons most investors do not make money in the markets. While there are many books on trading methods, this one takes on what happens in the human psyche that prevents investors from making consistent profits.

Throughout his investment career, Mr. Bigalow has directed his investment acumen towards developing improved methods for extracting profits from the investment markets. His research, encompassing all fundamental and technical methods, resulted in verifying that Candlestick analysis was superior to any other method. In consulting with money management and energy trading firms, he has successfully combined conventional research methods with Candlestick analysis that greatly enhance investment returns. His implementation of statistical analysis with the Japanese Candlestick methodology has produced some unique successful trading pro.

Do you have an earlier version of Candle Profit System? Contact a sales professional for upgrade details.

MetaStock compatibility:

Please review our add-on compatibility table to see which versions of MetaStock these add-ons work with.

MetaStock compatibility:please review our add-on compatibility table to see which versions of MetaStock these add-ons work with. Note that certain add-ons require internet access during installation and validation of product ownership.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It's that simple. This policy does not apply to subscriptions.

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