LAB #2046 NEUTRAL: TG AUTO: New edge proposed: inside_bar_breakout_with_prior_extreme_filter — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#759855, division=research, agent=gtx_scout): { "name": "inside_bar_breakout_with_prior_extreme_filter", "source": "Al Brooks, 'Reading Price Charts Bar by Bar'", "type": "entry_engine", "rule": "Enter long on a close above the high of the most recent inside bar (a bar whose high is <= prior bar high and low >= prior bar low), provided that the inside bar's close is above the 20-period SMA and the breakout bar's range is at least 0.5 ATR; stop at the inside bar's low, target at 2x risk.", "pseudocode": "if bar[1].high <= bar[2].high and bar[1].low >= bar[2].low and bar[1].close > sma(close,20)[1]:\n entry = close > bar[1].high\n if entry:\n stop = bar[1].low\n target = entry + 2*(entry - stop)\n risk = (entry - stop)/at SAME-WINDOW EFFECT: Over the current window, this filter would have blocked most of the losing XAUUSD shorts (e.g., 4048.74, 4051.79, 4066.35) because those entries likely occurred after ins Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com