Williams Inside-Day Breakout with Weekday Filters and FPO Exits

Summary

This document describes a long-only breakout strategy built around a daily inside bar. The setup requires the prior day’s range to sit within the day before it, that earlier bar to be bullish, and the next day’s open to be below the relevant prior highs. The entry level is the highest high among the inside day and the two preceding bars; the strategy enters at the open if price has already gapped above that level, otherwise it places a stop entry for that day. Trading can be limited to Monday, Thursday, and Friday.

Risk controls include a configurable fixed stop in points or percent and an exit at the first profitable daily open after the entry day. The published settings specify a daily chart and a BTC-like exchange futures setup on BNB/USDT, but no performance results are given. The document does not substantiate its claims about favored weekdays, and its English explanation omits the listed weekday rationales. The rules are long-only and depend on daily-bar timing; the stated loss control and gap behavior need validation for the intended market and execution method.

Key ideas

• The setup uses an inside day, a bullish bar before it, and a qualifying open on the following day.
• The entry trigger is the highest high across the inside day and the two preceding bars.
• A weekday filter can restrict trades to Monday, Thursday, and Friday.
• The strategy uses a configurable fixed stop and exits at the first profitable open after entry day.
• No performance evidence is provided, and the rationale for the weekday filter is not substantiated.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.