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Ali Casey explores the Bull and Bear Hook trading patterns, which are used to identify potential market reversals. He demonstrates how to simplify and program these patterns using Strategy Quant X and Multicharts. Despite their theoretical promise, the Bull Hook pattern surprisingly underperforms in backtests on S&P 500 E-mini Futures. Casey dissects the patterns to identify factors limiting trade frequency and profitability, eventually highlighting adjustments that make the pattern more effective. The Bear Hook pattern, often used for short strategies, is tested in a long strategy context with mixed results but shows potential when flipped and filtered correctly.
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Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
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