I stumbled upon the following site
Five Tick Trading. This guy is pushing a trading system that takes tiny profits with a high win/loss ratio.
Here are two videos from his site:
Video 1
Video 2
It looks like bollinger bands are being used and he initiates a trade to fade the move after a trigger bar has fired off. I'm not sure what the indicator is at the lower portion of his screen (value chart?), but I think this is used to set off the trigger bar. Once we have a trigger bar the entry price, initial stop loss and target are mechanical. Kind of interesting.
Does anyone have any insight into method? Has someone coded this up as an indicator or even a complete system? I know there are some smart programmers here that may have reversed engineered this method and created EasyLanguage code for it.
Thanks.