Gotcha.

So at SP =<$1.50 the return is break even or a small profit, and we can then increase that return to something greater than Bank interest using 1 or 2 simple filters and/or a recovery mechanism for the few and far loosers in between winning stretched, especially given what must be an 80%+ SR ?

This would be 1 example of a 'capital preservation play' then, as per my query-quandry on another thread. But we don't necessarily have to use SP as the main filter to achieve the same modest but almost guaranteed return, I guess - e.g. using price at open as the main filter but producing a shortlist of final selections to dutch(back based on opening price, regardless of price movement post open) might yield a similar return?? i.e. 5-10%. Would also be heaps more action / turnover than waiting for the sub $1.50 pops an having to automate the process to make it work.

Cheers LG

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The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB