I’ve been working to tie together all of eotpro moderator Bill’s entry criteria into a single indicator. And, I think I’ve done it, now. If further testing goes well, I think this will be the main indicator used in their live room soon. Pretty neat.
More interestingly, since I had it all in one indicator now, it was very easy to make a simple strategy out of it. I just threw it on a 1597 share bar chart, with the default settings. I gave it a fixed 2pt profit target and let the stops trail behind the plot cycles. So, this was about as brain-dead a money-management scheme as you could think of. Well, even so…
Running it like this on the last 3 days with 1 contract, it made 13 trades for 10 wins and 3 losses… pulling in $650. I have never had a strategy do so well when I first threw it up on a random chart (and with un-optimized settings). That’s really promising. Cool stuff…
I know 3 days isn’t a sufficient backtest to go automated, but that’s not the point! I don’t plan to go automated with it, and I would never go automated with a fixed profit target, anyway. It just goes to show how good an entry signal the Patty B is, in conjunction with the other Eotpro filter indicators (like Shelly’s Volume 4 and the market sync, among others).