I like candles, they are helpful in the dark but they work better on a table than for the stock market. Why do you guys play with these approaches. The guy with the biggest computer will win with this stuff - maybe already has - and you will loose. The chances of these mechanical/mathmatical approaches will make you poor not rich. The fountain of youth (or knowledge) will still be out there when you are dead and gone. I bet you always try to hit a homerun when singles are more likely to pay off.
Ask Warren Buffet or Peter Lynch what they think of your approach. No fool like a new fool.