What is Hot Dog 2.0? The script used to exit after three candles
Quick answerThe script's own exit, three candles after the entry, came out a coin flip on every chart we tested. Holding longer, with the stop at the pattern's low and a target twice the risk for up to 20 candles, held up on the daily chart. That is Hot Dog 2.0.
The details
We tested it on every stock we scan, ten years of daily candles and three years of hourly ones, and checked it on the most recent 30% it was never tuned on. A random daily entry with the same exits made about nothing there, so the edge is the pattern's (only the best setups).
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