I have the AAPL chart open throughout trading day and I think I found a tradable strategy. I'm calling it the AAPL Bottom Bounce and it seems to happen a few times a day. I was going to call it the AAPL Double Bottom Bounce because that's more accurate but it seems like it's too many words.
It's very simple (all on 1-min chart):
3 red candles in a row, each with increasing volume (increasing-ish as seen in the below example)
1 green candle - wick within $0.01 of previous wick
Buy as soon as the next candle turns green (candle does not need to be complete)
Sell at the first red (candle does not need to be complete)
Does anybody know of a way to test this strategy on a larger scale? I've been scrolling through the 1-minute charts on DAS replay and it's a very slow process.
I found a few occurrences in the days that I checked and most have returned 2-3R and a few have returned 0R or a fraction of R. A few are a loss of a small fraction of R.
Thanks!
