AAPL Bottom Bounce

[Paul G 0]

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!

Edited April 27, 2021 by Paul G

[ettubrutus 0]

Interesting strategy.  It would have worked twice today (around 12 pm and 12:25 pm) so far with AAPL, with two caveats

1) There was a $0.02 wick difference with the first occurrence

2) Both occurrences got to at least 2:1, but that's holding through red candles (i.e. not exiting at first sign of red candle)

[ettubrutus 0]

Worked again today, for 2:1 at 10:20 a.m.  You may be on to something

Edit: just got to 3:1

Edited April 29, 2021 by ettubrutus

[Paul G 0]

7 minutes ago, ettubrutus said:

Worked again today, for 2:1 at 10:20 a.m.  You may be on to something

Edit: just got to 3:1

Yeah I just missed it!  Aargh

Thanks for checking it out.

[ettubrutus 0]

26 minutes ago, Paul G said:

Yeah I just missed it!  Aargh

Thanks for checking it out.

 I missed it too, looked away from my screen for two minutes. So frustrating.