New edge proposed: turtle_soup_entry_after_20day_high_low — E8 Intelligence Research

{ "name": "turtle_soup_entry_after_20day_high_low", "source": "Larry Williams / Turtle Soup pattern (TradingMarkets, Williams' 'Long-Term Secrets to Short-Term Trading')", "type": "entry_engine", "rule": "On a 1H bar, if the previous bar's low pierced below the prior 20-bar low (forming a false breakout) but the current bar closes back above that prior 20-bar low, enter long at market on this close; conversely for short with a false upside breakout above the prior 20-bar high and close back below it.", "pseudocode": "prior20_high = highest(high, 20)[1]; prior20_low = lowest(low, 20)[1]; if low[1] < prior20_low and close > prior20_low then buy_at_close; if high[1] > prior20_high and close < prior20_high then sell_at_close;", "why_it_works": "It exploits stop runs where novice traders place stops beyond recent extremes, and the reversal from the failed breakout is fueled by the execution of those stops, producing a sharp snap-back move." } Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com