Do you trade the same ORB setup everyday, or do you make adjustment on size and target to the volitility and sometimes skip breakout trade? I was curious how you were able to dodged the bullet for the entire testing year
I do think every adding, or averaging, or scaling in or out is basically a seperate 'trade'. Just like the sunk costs principle, it should be seen as seperate. And then we are back to "a crary", when correlation goes to zero, it can enhance your strategy, if it does.
I would reverse on strong momentum...sometimes it worked out sometimes it didnt. More often than not momo dried up instantly and continued original course getting 2 stops instead of 1. My worst performing days daytrading futures are from reversing several times in a short period...killing myself in chop when i should have been sitting on my hands.
I think you could make that 1-tick work if you traded manually off a one minute chart, instead of trying to automate it. Have you tried that in SIM?