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Interested about the economic theory. I'm not an elliot fan but this idea rather match a 5th wave !

You can automate this quite easily over hundreds of stocks if needed. However as Bob said slippage should destroy all your expected profit. You should backest your strat and see how much slippage you can take.

If you know what's going to gap before 9:28 you can use market on open order, the fills are pretty good. And you can find your gappers with finviz too.

Thanks for the additional information Kevin, I'll have a look at his research again.

Lots of books out there... You can read all of Brett Steenbarger and Mark Douglas work. Non trading related, "The power of habits" is a great book too. Then, meditation is a must to improve everything in your life imho. But let's be honest how can you make 60% a day and not taking...

Not for the faint hearted :) https://www.cfm.fr/en/publications.php

You just need to duplicate your ticker and to run a backtest on the portfolio like this: if (name() == ticker_meanreversion) {your mean reversion system here} if (name() == ticker_momentum) {your momentum system here} Of course you can do that with 20 systems if you need.

Understood, thanks for your detailed answer.

Thanks for your reply. I've added the axis (Paris time) and used an other format so I hope it will be better ! I do understand the importance of market context and the difference between a line and a pattern. But strictly speaking about the pattern, what is wrong ? the previous red...

Wow, quick reply thanks ! All the shadows are hurting my eyes too but the white (or green if you want :) ) seemed legit, that's why I'm asking. What about that one - EURAUD 15 Min May 14th? With preceding price action a bit cleaner... Just want to be sure I've correclty gathered all...

Hi Mark, I'm working through this very good thread. If that's OK for you I'd like to submit few charts for your analysis. Here is one AUDNZD 15min chart, is it a valid white hammer (see above green triangle) ? Thanks.

Be aware of data snooping bias, you don't know the real band's value until the bar closes. By the way this is 2 lines of code to backtest with most platforms, it could save you some time.

Yes and you only have 1 year of historical data.

In OHLC bars only the C is correct...

And I'm in Europe ! Was teaching students in a business school this morning ;)

Same here... trying to connect for 15min now... what's going on ?

Thanks for the very informative post. I'm testing similar opening strategies (automated) and achieved a 0.3% average trade after commissions in backtests. I'm trading it live with small size right now but I don't have enough sample size to conclude if this is a valid strategy, would you...

Hi Rol, thanks for your thread. I've been following you for the past few weeks and really enjoyed your comments even if it was not the easiest market to trade recently for a counter-trend trader like you ! I was just wondering what was your criteria to scan stocks ? Do you follow the...

Not sure if the risk managers, product controllers, middle offices, back offices and the other 100 people in charge of risk control in banks are less naive that the average ET to let such a loss happening... and don't get me wrong I've been working in a Top Tier Investment Bank ...

This guy revenge traded too much.... you should respect your daily stop loss :D