Quote Originally Posted by TraderD View Post
Billy, based on your earlier comment ("The fresh IWM weekly pivot and floor levels will likely guide intra-week support and resistance without much impact from other timeframes."), I don't see why the RR ratio should necessarily use the SS2 & 200dma as sup/res references. In general, wouldn't the robot trade timeframe (whatever it is, since it's unknown) determine which pivots are the true references?

Trader D
The RR ratio doesn’t necessarily use the SS2 & 200dma as references. These are today’s references simply because they are the strongest levels within the first clusters. They are within reach of a one-day trading session volatility, based on ATR which is used as reference for defining the clusters width. The clusters widths and strongest supports and resistances within the first clusters are changing daily. (Note that there are some proprietary exceptions, but I won’t develop these).
The robot has no timeframe constraints and will always enter at a 3:1 RR multi-timeframe limit. This is simply the logical conclusion drawn from backtesting for best risk-adjusted long term performance.
Billy