Found this setup 88 times before. It worked 24 of them.
When it worked it made about 1.5 times what you put at risk. When it did not, it usually lost about 64% of what you put at risk, not all of it, because the trade is closed rather than left to run. To come out even it needed to work 26 of those 88 times, so this has not been shown to make money.
Price $755.72 · daily bars · checked 5h ago
Each one back-tested on SPY's own daily prices, after trading costs.
Did bestCheck any stock or coin, free.
Orenth back-tests every setup against its own history and tells you straight when there is no edge.
Analysis software, not financial advice.
Every figure here is measured from historical price data and can stop
describing the future at any moment. Day trading loses money for the large
majority of retail participants, and this tool's own measurements agree with
that. Never risk money you cannot afford to lose.
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