# LivermoreEA

Automates Jesse Livermore's Market Key system with four tranches and abnormal behavior exit.

Canonical: https://prismaticalgos.com/compendium/algo/4236-livermoreea
Record ID: 4236
Catalog rank: 51 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Risk, Money Management & Portfolio Overlays (J)
Source: https://www.mql5.com/en/articles/24075
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Build warnings: DAILY_LOW_COUNT: daily-or-slower timeframe on a single instrument. Expect well under 100 trades in five years, so a backtest will rarely reach statistical significance on its own.

## Recorded profile

- symbols: any
- timeframes: D1
- sessions: any
- market_regime: trending

## Indicators

- ATR: {"period": 14}; applied to: close

## Recorded long-entry rules

- price breaks above the consolidation high on expanding volume
- price does not show abnormal behavior since the breakout

## Recorded short-entry rules

- price breaks below the consolidation low on expanding volume
- price does not show abnormal behavior since the breakout

## Recorded exit rules

- price moves against the trend by more than 1.0 ATR on volume above 1.5 times the campaign average
- high-volume reaction is treated as abnormal behavior

## Recorded filters

- hedging account required
- account mode validation

## Risk controls

- Stop loss: stop loss is placed at the consolidation low for long campaigns and the consolidation high for short campaigns
- Take profit: Not specified
- Position sizing: full position size is calculated once at the first tranche entry and stored. All subsequent tranches are expressed as percentages of that stored value