It supposed to work for wheat and sugar.
When the relative volume [volume divided by open interest] is 20% above the 22d moving average then get the contrarian position of today’s return at the opening of tomorrow.
Yesterday W rose a heavy 6% so I had to short this one at the open. That would have bring me about $250 or 0.53% in the position and a little more counting the leverage of futures. Entry sell order “filled” at 674’4 and bought back at 670’0. Although there were lower executions at 658 which would be nice profit.
1) I have no risk management weapon for this edge so far.
2) I will have to do the same thing that I am doing with oil: check in 30min timeframe the entire week and find the key zones.