Double 7's Strategy
August 22, 2023, 3:00 PM
Strategies
4 Comments
One of the most simple strategy from Connors.
It is operating only in BUY side. It is still performing well on major ETF or Futures indexes. To be run in 1D timeframe. Please adjust the commissions and fee according to your broker befor to backtest.
// Short term trading strategies that work
// Larry Connors
// Chapter 10 Double 7's Strategy
// Timeframe 1D - ETF Index - Backtested on SP500
Defparam cumulateorders = false
// SIZE of the position
n = 1
// Parameters
Entry =7 // Number of periods to enter
Exit =7 // Number of periods to exit
// INDICATORS
iMM = average[200](close)
// BUY Position
ca1 = close > iMM
ca2 = low <= lowest[Entry](close)
IF ca1 and ca2 THEN
BUY n shares at market
ENDIF
// EXIT COndiction
IF high >= highest[Exit](close) THEN
Sell at market
ENDIF
Download
Filename:
Double-7s-Strategy.itf
Downloads:
177
Junior
Currently debugging life, so my bio is on hold. Check back after the next commit for an update.
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