I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here’s what it said

Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:

1. Failed Double Top/Bottom Pattern

• When a second peak/trough fails to reach the previous one
• Indicates momentum loss in original direction
• Often leads to sharp reversals as traders exit positions
• Could trigger on failure to reach previous level

2. Support/Resistance Level Sweep

• When price quickly moves through a major level but fails to hold
• Triggers stops beyond the level
• Often leads to sharp reversals
• Similar to your current strategy but using historical levels

3. Round Number Rejection

• Major psychological levels (e.g., 40000, 40500)
• When price approaches but fails to break
• High volume of limit orders often sit at these levels
• Could trigger on failed breakout of round numbers

4. Moving Average Bounce Failure

• Popular MAs like 50, 100, 200
• When price breaks MA but fails to hold
• Many traders use MAs for entries/exits
• Could trigger on failed MA break and return

5. Fibonacci Level Rejection

• Popular retracement levels (61.8%, 78.6%)
• When price reaches but fails to break
• Many traders place orders at these levels
• Could trigger on rejection from Fib level

6. Gap Fill and Reverse

• When market gaps up/down at open
• Fills gap but fails to continue
• Traders often expect gap fills
• Could trigger after gap fill completion

7. Trend Channel Break Failure

• When price breaks trend channel
• Fails to hold break and returns to channel
• Often leads to strong move in original direction
• Could trigger on return to channel

8. Volume Profile Point of Control (POC) Rejection

• High volume nodes in market
• When price breaks POC but fails to hold
• Areas of high liquidity and order clusters
• Could trigger on failed break of POC

9. Previous Day High/Low Break Failure

• Important daily levels
• When price breaks but fails to hold
• Many daily traders watch these levels
• Could trigger on return inside previous day’s range

10. Failed Breakout After Consolidation

• When price breaks from tight range
• Fails to hold break and returns
• Often leads to strong move opposite to break
• Could trigger on return to consolidation range

11. Multi-Timeframe Support/Resistance Failure

• Levels that align on multiple timeframes
• When breaks fail across timeframes
• Creates cascade of position closures
• Could trigger on multi-timeframe rejection

12. Order Block Rejection

• Areas of significant previous buying/selling
• When price returns but fails to break through
• Often leads to continuation of main trend
• Could trigger on rejection from order block

13. Failed Break of Opening Range

• First hour trading range
• When price breaks but fails to hold
• Important for day traders
• Could trigger on return to opening range

14. Inside Bar Breakout Failure

• When price breaks from inside bar
• Fails to continue in breakout direction
• Often leads to sharp reversal
• Could trigger on failed breakout

15. Pivot Point Level Rejection

• Daily/Weekly pivot levels
• When price approaches but rejects
• Many traders use pivot points
• Could trigger on pivot point rejection

The key elements these all share:

• Clear price levels traders watch
• Failure of expected move
• Psychological impact on traders
• Potential for cascading orders
• Measurable risk levels
• Clear entry/exit points

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Link to Dow Strike – click here

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So I mentioned that we scaled up to a 10k account and this always happens… after a good month of great results, my first day int he scaled account almost ended in a disaster. You can see the blue lines.. these were my long trades in the Dow today… I kept buying into the move down… I was heavily invested and then you can see the massive fall and my 10k account was down more than 5k at one point.. it recovered as you can see and I ended up the day negative $250. It would have been more if it wasn’t for the other scalp trades that I was in but I should be grateful that it was just negative $250 rather than a loss of over $5000!

WHY DOES THIS SHIT ALWAYS HAPPEN????

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So here are the results of the 1 month trading in a live account where I am now as of Monday 18th November… scaling into with a $10k account. I made $1192.70 with a $1000 account, a 119% increase. We are using a highly leveraged account to achieve this but the drawdowns have been manageable… in fact, proportionally, the account should be able to cope since I’ve not gone in 10x larger in terms of trade size but 5x. It’ll be great to continue on this path of results but as per my previous post, I do feel that there’s a dwindling edge with trading robots over time so I’ll be monitoring it and seeing if we start to get more losses or if it starts to look off.

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Still the two days of trading on the 4th and 5th of November were nicely profitable trading days with most of the trades made on the Dow.

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Will let you know more about this ‘all weather portfolio’ in the coming days and weeks.. it’s almost 6pm and I’m gonna check out now and play with the kids!

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You can download a demo of any one of these at no extra cost but you will not be able to trade using the demo. So what’s the use of this you ask? Well, the demo allows you to run your own backtests to see how it would have traded historically. Now this is the problem.. it’s historical data and some of the authors had learnt how to manipulate the results. Generally, too good results are too good to be true! So what should you look at instead? The live results, some authors have live real money accounts trading their systems which is great.. are there caveats here? Yes, there are! Authors can have systems which generate positive results for a set amount of time before the markets change and when the markets do change, they are losing money… then these authors remove their results and set up a new one… so every time you look at the results, you will be positive accounts.. the trick here is to see if there are any which have been running for a long time.. not just a month or two.

Then there are other trading systems which have been running for a reasonable amount of time and have fantastic yield curves.. however, they use what is defined as dangerous trading techniques.. these can be one or a combination of a few type of high risk systems… the first one is martingale type system where it will bet larger the next time if you have a loss and keep betting larger and larger.. hopefully the markets will turn and you’ll be ok but sometimes the markets don’t turn and you find that your whole margin in your account has been taken up with these increasingly risky bets and then your account is blown.. and you’ve lost everything in one swoop! I’ve been systems make money for 5 years only for it to all go in a matter of days… check out this video, it was called North East Way and there was $20Million USD of funds trading it and it just went poof in a puff of smoke!

There are grid systems too.. these can be combined with martingale systems for a double whammy of risk. Grids are systems which will keep opening trades as you go deeper into drawdown.. this means that should the market turn, it should take less movement to bring you back to net zero. Of course, if you don’t have enough margin in your account, the same thing will happen as in the martingale scenario.. you get margin called and your account will go poof!

Then you have the other trading systems which target a tiny number of pips or points for a profit and have a huge stop loss. For example, a trading system may have a target of 5 pips and the stop loss is 100 pips. Just on the law of probabilities if the markets are totally random, you are far more likely to hit the 5 pips take profit than the stop loss…. so it could look great for an amount of time.. you see the system is making many profits.. however, just for the 100 pip to hit would undo 20 times the time it it the take profit!

So after this.. I’ve been looking for trading robots which I can optimize.. this means that I can find my own settings which work. I’ve also been able to make a few too and will share how these have been going!

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