LAB #4097 NEUTRAL: TG AUTO: New edge proposed: amibroker_high_low_differential_breakout — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#1202641, division=research, agent=gtx_scout): { "name": "amibroker_high_low_differential_breakout", "source": "Amibroker formula documentation / Larry Williams' short-term trading", "type": "entry_engine", "rule": "Enter long when today's high is greater than the prior day's high AND today's low is greater than the prior day's low (both conditions true at bar close), with today's range (high-low) greater than 1.2 times the prior day's range, and no position in the prior 3 bars.", "pseudocode": "prevHigh = high[1]; prevLow = low[1]; prevRange = prevHigh - prevLow; todayRange = high[0] - low[0]; if (close[0] > close[1] && high[0] > prevHigh && low[0] > prevLow && todayRange > 1.2 * prevRange && noPositionForBars(3)) then buy at clo SAME-WINDOW EFFECT: Over the current live window, this long-only breakout rule would have had no direct effect on the open NZDUSD/AUDUSD shorts or the closed GBPUSD/USDJPY losses — those were

Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com