NinjaCoding @ NinjaTrader
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Over the night I figured out that I will be posting a further version of this system. Currently it just trades the second set up but without an MA trend filter. It seems that an MA filter is needed as well as another set up described in the lic above.
There seems potential edge here, I am going to add longs to this strategy now make some cleaning up and probably release it. The main concept is that we look at pivots up growing and once we get our any lower low we presume there can be some down movement and there is potential time for a short trade. Once this occurs we can measure the drop from the last HH to the last LL and place a limit short at the level of retracement which is a parameter. Your stop is always above your higher high so that is presumably where the liquidity pool sits that will prevent market growth and your profit is slightly below lower low. These percentages are parameters.
