>>>> What I should really have is several trade algorithms ready at hand and then let the price behaviour decide which trading model is to be used. A tall order that requires a lot of programming <<<<<<<
I just can't resist >>sorry<
So what you are saying is you will see what the market just did AND THEN pick the method that would have worked best. 20-20 hindsight ... I just love it! Let me know when the program is finished!
On a more serious note:
Would it make sense to use the ladder as long as the stock is moving in the same direction but then in order to have the reverse trade it would have to
1) move to that next step on the ladder but also
2) The ladder would be reset with that next trade as the midpoint (just before you actually do the trade? or after?)
not sure what this would do for you but just a thought