I have developed a strategy that I was going to sell, but am now just interested in getting it to work more consistently as I feel it really has some potential. Just some background, I am not much of a programmer, but am an analytical thinker for what that is worth. So I took a pattern that I saw and developed a program around it to test against the market. In theory you can find settings for every market that are profitable, but have focused on CL and have been trading this live for several months. Mid August to Early September I shut down live because the volume was low and it wasn't working, but am now live again. I post daily charts at facebook.com/pricerangetrader
Here is the theory, take the price range from the opening moments of the market and enter long when it shows commitment to breaking out of that range. For CL, I enter 5 ticks out of the range. Simple stuff, right? I was looking for any ideas from the talent on this board for filtering bad trades or ideas for improvement.
My Target is 50 ticks, my Stop is 40, I have a stop move at 39 ticks to entry +20.