Small-Cap — Sell Every Spike (Rendon1) — Strategy by Rendon1
By Rendon1
Performance Metrics
- Author: Rendon1
- Symbol: NASDAQ:SNOA
- Timeframe: 5 minutes
- Net P&L: +61,243.20 USD (+6.12%)
- Win Rate: 61.2%
- Profit Factor: 1.254
- Max Drawdown: 48,052.82 USD (4.70%)
- Total Trades: 152
Description
Small-Cap — Sell Every Spike v6 — Strict, No Look-AheadEducational use only. This is not financial advice or a signal service.This strategy targets low/ mid-float runners (≤ ~20M) that make parabolic spikes. It shorts qualified spikes and scales out into flushes. Logic is deliberately simple and transparent to avoid curve-fit.What the strategy doesDetects a parabolic up move using:Fast ROC over N barsBig range vs ATRVolume spike vs SMAFresh higher high (no stale spikes)Enters short at bar close when conditions are met (no same-bar fills).Manages exits with ATR targets and optional % covers.Tracks float rotation intraday (manual float input) and blocks trades above a hard limit.Draws daily spike-high resistance from confirmed daily bars (no repaint / no look-ahead).Timeframes & marketDesigned for 1–5 minute charts.Intended for US small-caps; turn Premarket on.Works intraday; avoid illiquid tickers or names with constant halts.Entry, Exit, Risk (short side)Entry: parabolic spike (ROC + Range≥ATR×K + Vol≥SMA×K, new HH).Optional confirmations (OFF by default to “sell every spike”): upper-wick and VWAP cross-down.Stop: ATR stop above entry (default 1.2× ATR).Targets: TP1 = 1.0× ATR, TP2 = 2.0× ATR + optional 10/20/30% covers.Safety: skip trades if RVOL is low or Float Rotation exceeds your limit (default warn 5×, hard 7×).Inputs (Balanced defaults)Price band: $2–$10Float Shares: set per ticker (from Finviz).RVOL(50) ≥ 1.5×ROC(5) ≥ 1.0%, Range ≥ 1.6× ATR, Vol ≥ 1.8× SMACooldown: 10 bars; Max trades/day: 6Optional: Require wick (≥35%) and/or Require VWAP cross-down.Presets suggestion:• Balanced (defaults above)• Safer: wick+VWAP ON, Range≥1.8×, trades/day 3–4• Micro-float (2, Today +20% (Finviz).Open 1–5m chart, enter Float Shares for the ticker.Start with Balanced, flip to Safer on halty/SSR names or repeated VWAP reclaims.Scale out into flushes; respect the stop and rotation guard.Limitations & riskBacktests on small-caps can be optimistic due to slippage, spreads, halts, SSR, and limited premarket data. Always use conservative sizing. Low-float stocks can squeeze violently.AlertsParabolic UP (candidate short)SHORT Armed (conditions met; entry at bar close)