Why It Works
Wick Slicer IQ isn’t reinventing the wheel - it’s simply using advancements in technology to improve and capitalize on a traditional trading concept.
Extreme deviations in price usually result in one of two things: a breakout or a reversion. Historically breakouts operate on a lower percentage likelihood with strong profit potential. Reversions operate on a high percentage likelihood with lower profit potential. Reversion strategies are “correct” more often than breakout strategies, and that’s what Wick Slicer IQ exploits.
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The above illustration demonstrates Wick Slicer IQ’s premise. Extreme deviations from a bar’s open are traded. For this image, blue arrows titled “L” are long entries, red arrows titled “S” are short entries, and purple arrows are exited trades.