Dexter is an automated strategy that puts all the attention on the exits and on always being right (ie: high win rate).
Dexter (from the Showtime TV series with the same name) places a lot of attention on always being right before he kills. (he kills for justice). You might think "the kill", in trading, is about the entry -- but in fact, it is really about the exit. The exit is what controls your PnL, not your entry. Sure, entries can help position yourself, but the exit is really all that matters.
Why did I choose the name Dexter? Because I am a fan, and because it's fun. Nothing more than that.
I haven't written Dexter yet. But I am about to. So even I don't know how he will perform. But since I really like him, I'm going to try hard to make him a winning strategy.
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Dexter's basics:
- 3 targets
- Market orders
- No traditional indicator usage, only Daily ATR, and open/high/low/close
- Each target has controllable lot size
- Dynamic targets based on support/resistance areas like CMA, Open, prior day high/low
- Dynamic stops based on swing high/low and on Daily ATR movement
- Ability to add to winners (up to 3 times per entry), with multiple conditions
To-do:
- Make Dexter pivot-aware so it can make smarter decisions for entries and targets based on nearby pivots
