No Wick Entry Model Actually 88% Winrate? — Transcript

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1. 0:00If you're a trader, look at this.
2. 0:01Indicator, candle with no top wick,
3. 0:04price comes back up, taps it, dumps.
4. 0:06Candle with no top wick, price comes up,
5. 0:09taps it, boom.
6. 0:10>> Okay, I've seen it now. Clearly, it's
7. 0:12the 1-minute, it's no wicks. Just when
8. 0:14price taps it, you enter and {quote} go
9. 0:18and take profit. He's got the stop and
10. 0:20the take profit in a very strange place.
11. 0:22I don't know what his judgment is on
12. 0:24that. I can see it's the swing high
13. 0:26here, but let's build it. Lux Algo
14. 0:28Quant, I'm there. All I got to do, we
15. 0:30got the new charts here. I'm going to go
16. 0:32to Quant and we're pretty much going to
17. 0:34take a screenshot
18. 0:35of what he's got here. And then I also,
19. 0:39I guess we'll do an ATR-based stop loss
20. 0:40take profit. That's fine. I'm just going
21. 0:42to take a screenshot of that as well. I
22. 0:44added both those screenshots to the
23. 0:46chat. Right now, the model we're going
24. 0:47to go with is GPT6 Soul. You can do any
25. 0:50of these models as well. We're just
26. 0:52going to do the recommended model. Quick
27. 0:53prompt here, I said, "Build an indicator
28. 0:55that identifies when there's no top or
29. 0:56bottom wick from that candle with no top
30. 0:58or bottom wick. Have a line that shoots
31. 0:59across that has been untapped." So, we
32. 1:02want to make sure there's untapped ones.
33. 1:03Place a take profit stop loss basically
34. 1:06with ATR, so we can adjust it. So, we'll
35. 1:08send that and we'll let Quant build. All
36. 1:10right, so we have our indicator in one
37. 1:11prompt there with good detail. going to
38. 1:13hide the Quant chat now. We can check
39. 1:14this out. Actually, some decent trades
40. 1:17today. There's a nice short signal. Hit
41. 1:19take profit on the ATR. This one would
42. 1:21have stopped out. I actually about to
43. 1:23hit a take profit on this signal as
44. 1:26well. So, very promising so far on ES at
45. 1:29least. We can check maybe NQ and some of
46. 1:30these other markets. Starting to see
47. 1:31some repetitive stops be taken, but
48. 1:34these are very short 1-minute trades. We
49. 1:35definitely need to optimize that. Let's
50. 1:37go take a look at the settings here. If
51. 1:39I go up to the settings of the
52. 1:40indicator, we can see, why you got a
53. 1:42wick tolerance, so you can change out
54. 1:44how many ticks you need, maximum untap
55. 1:47levels shown. Let it added, and then we
56. 1:49have the ATR. There's 2 to 1 right now.
57. 1:51Not terrible, though. I'm actually a
58. 1:53little bit more impressed than I was
59. 1:55going to be. a want to try this out for
60. 1:57free, just comment the word wick and
61. 1:58I'll send you a link. Or you can go to
62. 2:00QuantCharts, go up to the indicators
63. 2:02tab, go to Lux Algo, and it's right
64. 2:05there at the top. You just click it and
65. 2:06add it to your chart.