Strategy Logic

This strategy trades based on price patterns forming same high/low levels. Consecutive weekly double bottom or double top formations trigger trades.

The logic is:

1. Identify current or prior bar high/low equaling the high/low 2 bars earlier

2. Double bottom pattern triggers long on low breakout

3. Double top pattern triggers short on high breakout

4. Stop loss placed near breakout level, take profit based on ATR multiple

It aims to capitalize on trend resumption after breaking same high/low levels. Stops and profit targets control risk.

Advantages

• Same high/low easy to identify, clear breakout signals

• ATR-based profit take dynamically trails trends

• Simple rules, defined risk

Risks

• Same high/low patterns less common

• Stops too close risk being stopped out

• ATR parameter setting needs attention

Summary

This strategy catches trend trades from same high/low breakouts. But stop/profit tuning and lower frequency requires consideration.