This is very interesting. About 6 months ago I also began experimenting with just such a system. However the "factor" is based on the Fibonacci sequence.
I implemented it as a software program and ran some backtests that had promising results. However it still needs tweaking. I haven't had a chance to add the tweaks yet as I've been busy with quite a few other projects.
It's good to know others have independently come up with similar systems. That gives me even more confidence in it and just might push it up my priority list a bit.
I'll look forward to seeing your respective systems.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.