New edge proposed: turtle_soup_entry — E8 Intelligence Research

{ "name": "turtle_soup_entry", "source": "Larry Williams / Turtle Soup pattern, documented in 'Day Trade Futures Online' and by Rob Hanna at Quantified Strategies", "type": "entry_engine", "rule": "Enter short if price breaks below the 20-day low by 0.1 ATR then closes back above that low within 3 bars; enter long if price breaks above the 20-day high by 0.1 ATR then closes back below that high within 3 bars.", "pseudocode": "for each bar: low20 = lowest(low, 20) high20 = highest(high, 20) if low < low20 - 0.1*ATR(14) and close > low20 within 3 bars then signal_short = true if high > high20 + 0.1*ATR(14) and close < high20 within 3 bars then signal_long = true", "why_it_works": "It exploits failed breakouts that trap late entrants, as institutional stops cluster beyond recent extremes, creating a liquidity grab reversal." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com