Larry Williams Oops Strategy

This strategy is a modern take on Larry Williams’ classic Oops setup. It trades intraday while referencing daily bars to detect opening gaps and align entries with the prior day’s direction. Risk is managed with day-based stops, and—unlike the original—all positions are closed at the end of the session (or at the last bar’s close), not at a fixed profit target or the first profitable open.

Entry Rules

• Long setup (bullish reversion): Today opens below yesterday’s low (down gap) and yesterday’s candle was bearish. Place a buy stop at yesterday’s low + Filter (ticks).
  
• Short setup (bearish reversion): Today opens above yesterday’s high (up gap) and yesterday’s candle was bullish. Place a sell stop at yesterday’s high − Filter (ticks).
  
• Longs are only taken on down-gap days; shorts only on up-gap days.
  

Protective Stop

• If long, stop loss trails the current day’s low.
  
• If short, stop loss trails the current day’s high.
  

Exit Logic
Positions are force-closed at the end of the session (in the last bar), ensuring no overnight exposure. There is no take-profit; only stop loss or end-of-day flat.

Notes
This strategy is designed for intraday charts (minutes/seconds) using daily data for gaps and prior-day direction.

Longs/shorts can be enabled or disabled independently.