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This is what I've come up with so far:

Double top criteria:

A trend has been established according to preset criteria maximum of several Fibonacci spaced simple moving averages

A peak has been established by a minimum decline of at least 21% of the determined uptrend with a maximum decline of 34% of the upward trend to its peak at that point.  I start with these natural "Fibonacci" numbers that can be broadly optimized over time and across a wide range of securities.

A resumption of the trend follows to a minimum distance of 21% below the first peak basis initial decline from the first peak with a maximum of 89% above the first peak basis initial decline

A breakdown from the 2 ndpeak at least 3.1416x faster than the move from the low of the first qualified down move drives the price to one tick below the previous low at which a stop order triggers a short sale or put purchase for the stock at hand

An automatic stop loss is placed at time of entry 89% above lowest of the two peaks basis second decline

Exit order is placed at time of entry 100% below the lowest point of initial or second decline basis 3.1416x faster decline vs rise from lowest point between peaks to second peak

Exit order is modified at a Fibonacci reverse logarithmic multiple of 1.618034x the minimum 3.1416x figure for a 100% exit projection, eg a speed multiple of 6.2832 would project to a 161.8034% of initial decline below its lowest point and decelerate with increased multiples

Logarithmic smoothing would be the domain of someone who could surely derive an off-the-shelf formula for a reasonably smooth gradient of such a diminishing multiple of trade determining decline

With smaller percentages of initial trend before the double top remaining down to 66% (100-34), profit objective would be lowered; with larger percentages up to the maximum of 79% (100-21), profit objective would be raised (TBD)

Wider overall tops increase profit objective (TBD)

Répondu

1
Développeur 1
Évaluation
(15)
Projets
16
19%
Arbitrage
2
0% / 50%
En retard
1
6%
Gratuit
2
Développeur 2
Évaluation
(9)
Projets
11
27%
Arbitrage
2
0% / 100%
En retard
0
Gratuit
3
Développeur 3
Évaluation
(294)
Projets
469
39%
Arbitrage
101
41% / 24%
En retard
77
16%
Chargé
Publié : 2 codes
4
Développeur 4
Évaluation
(27)
Projets
43
7%
Arbitrage
18
6% / 78%
En retard
26
60%
Gratuit
5
Développeur 5
Évaluation
(58)
Projets
76
33%
Arbitrage
9
78% / 11%
En retard
7
9%
Gratuit
Publié : 2 codes
6
Développeur 6
Évaluation
(94)
Projets
148
59%
Arbitrage
16
38% / 13%
En retard
25
17%
Gratuit
Publié : 1 code
7
Développeur 7
Évaluation
(119)
Projets
169
38%
Arbitrage
9
78% / 22%
En retard
15
9%
Gratuit
8
Développeur 8
Évaluation
(45)
Projets
91
13%
Arbitrage
34
26% / 59%
En retard
37
41%
Gratuit
9
Développeur 9
Évaluation
(69)
Projets
146
34%
Arbitrage
13
8% / 62%
En retard
26
18%
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Publié : 6 codes
10
Développeur 10
Évaluation
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0%
Arbitrage
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Gratuit
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Budget
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