@hockeycoachdoug I suggested using ORB. If you would like to use ATR, that is fine, but I wouldn't use it this way. If I find a code that you want, I'll post it here.
Earlier this year I invited you to learn about a new options trading strategy.
It was unlike any options trading strategy I had ever seen.
What got my initial attention was the pattern that it was targeting.
This pattern, hiding in plain sight all this time, is one of the best patterns I have ever seen, ever!
And the crazy part is that this pattern, once you know what to look for, happens all the time.
Check out the recent real Call Option trade example below in CHK.
Here’s a trade (in the chart above) that this special pattern caught last week in Chesapeake Energy Corp. (CHK).
This trade bought the Sep 27 puts and made 200% in four days.
And there’s tons more like this trade that happen all the time.
It’s almost like fishing in a fish hatchery.
A target rich environment.
In fact, this pattern literally happens more than any other chart pattern I’ve seen.
And it’s a great pattern for options traders.
But here’s the part that blew me away.
When I first presented this strategy several months ago, I made an outrageous guarantee for this strategy.
I stated that this strategy would find over 200 winning trades within the first 12 months that each made over 100% profits!
Most traders would be happy to find 5 to 10 winning trades that make over 100% profits each year.
Well, It’s been less than 6 months, and this strategy has already identified over 140 documented winning trades each making over 100%.
Those trades include:
CSCO 190524 Calls +190%
HES 190531 Puts +409%
DLTR 190705 Puts +178%
And just this month... MCD 190920 Puts +298%!
Now, like any real trading strategy in the real world…
There will be losing trades.
But here’s the thing.
The losing trades are always limited.
When you buy an Option like in the chart above, you cannot lose more than the price of the option (called the premium).
No matter how wrong you are, you can never ever lose more than the price of the option.
Your risk is always limited!
You can learn all about this new breakthrough options trading strategy at a special webinar this Tuesday, October 1st at 8 pm eastern time.
I've spent years studying charts, but my real breakthrough came when I discovered this options trading strategy.
Tuesday evening, I'm going to reveal how I and my research team stumbled upon this special pattern... how we finds his trades... and much, much more.
Don’t miss this exclusive LIVE broadcast.
I’ll see you Tuesday afternoon.
Here’s the link to register. Space is limited to 1,000 attendees so be sure to arrive on time.
Ok here is a study which helps with this. Best used on 30m chart imho. Set the timeframe to weeklyskynetgen- I look forward to your contributions to this topic. I think there is merit in the logic of this method.
I used to work for quantshop. They use statistical models. Full department of math, statistics and economics PhD. 100 bill assets under management. Their returns sucked (barely outperforming indexes on good year). Those kind of guys this system might work againstMy experience with HFs, is that they are packed with quants, PhDs and get pitched tons of ideas by bank math phds, brokers etc. I'd be really curious what HF would buy his stuff.
so i checked some setups which worked for this systme ( entry as soon as next week breaks):Thank you for sharing your work on this. I will have a look and see. The spreadsheet I shared was not mine, it came from Helweg's office.
"Most active options"? what do you mean (like average options trade volume elevated?) - no I dont , but wish I did.Do you have a scan for this by chance. Also, do you have a list of the most active option tickers?
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