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I presume that you use Ninja trader......if you right click on the SuperDom you'll see an option to "reverse at stop".......so to me this terminology is in reference to money management options.
By the way Shodson........your implementation of the Kennedy article is VERY impressive !
I would like to know everything about that.......lol......can you have those patterns identified in real time? That would be awesome. Also, I am curious about the various sh....indicators that you have on your charts....vol, atr etc. Have you shared these with the forum?
Unfortunately it could have been more but I screwed up two times.
Actually three.
The first trade I have NO signal that was in my plan (thought we had a double bottom at the open)......the trade was slow to develop....I decide to exit at breakeven. Shortly after the market moves to my first target.
Next trade....I decide I have a reversal bar and I go short +8+16 but.......I hit something on the DOM that triggers ANOTHER trade.....I quickly exit +3+3.
Next trade +8+16...no screw ups
Next trade....enter trade and see that I have NO ATM strategy on the trade !! I immediately close the trade+7+7......or course this is the strongest move of the morning and I get about half of what I should have........
I can't believe I am capable of this many screw ups in such a short time. But.....+68 ticks....I should screw up like this everyday!! lol
Roonius finished my new indicator for me......it's the reversals v6.1. This is an indicator that helps to identify the reversal bars. It features an adjustable wick %......so if we are looking for a bar at the end of an up/down move where the wick is 2/3 of the bar......it will paint it for you. Also, it will paint the outside bar in real time instead of waiting until bar close. The inside bar and reversal bar paint at bar close.
BTW - i personaly dont think you need to change your MM / ATM-Style
-- it looks like a pretty good way to grab enaugh ticks in CL
but comparing can bring you good results / reasons for not to think about an other ATM-style anymore
and this Shadow-trick is more "real" in its results than backtesting with strategys i think,
cause it enters exactly with your live-trade - + only then.
I gave it a try today on sim. ES was very choppy and slow so it was fun to try your setups.
I didn't realize it was rollover for Crude so I traded July, which is ok cause it had enough volume but you have an inside bar that I didn't have so I missed that one.
First one I put my stop on the low instead of one tick under (I guess, I don't know for sure) so that was a mistake. Other than my mistake I was 3/3 for 41 ticks. Not bad for my first day. I'll pay more attention next time. I was playing poker while trading cause ES was so slow.
