Perfect Conditions for Dow Snipe today

After the drawdown and recovery yesterday, we had a day where Dow Snipe seemed to work perfect…. we had no pre-US open trades today but as soon as it did, there was a strong push down and a third of our profits of the day were actually made from 1 trade in that first minute bar

And then the Dow traded down for the next 3 hours with Dow Snipe taking full advantage of the situation. And on the way up, it mostly managed to keep out of the action (there was one successful short on the way up).. you can see this below

This therefore was almost a perfect day for Dow Snipe.. it was able to take short positions on the way down and stay out of the uptrend.. yes there are retracements on the uptrend where we could have taken some trades but being a short bias trading robot, it’s always best to be trading when the trend is down.

I hope those of you using Dow Snipe got similar results today.

So although today gave us perfect conditions for Dow Snipe, I was still thinking about yesterday where Dow Snipe got caught in a bear trap. Now bear traps (and bull traps) are very common in any financial market designed to extract money from you… Dow Snipe has a recovery function and we were able to recover from it but had to ride a significant drawdown. My goal now is finding if we can get out of these bear traps earlier.. taking a small loss rather than riding a drawdown or finding a way where we can avoid trading when there is an impending bear trap… any ideas, thoughts, comments are welcome!