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.
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// 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 |
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what do you think using it with weekly timeframe ?
CAC on Weekly timeframe, long only, short dosent work.
Defparam cumulateorders = false
// SIZE of the position
positionSize = 1
stopLoss = 500
trailingStop = 0
// Parameters
lEntry = 8 // Number of periods to enter
lExit = 4 // Number of periods to exi
// INDICATORS
iMM = average[200](close)
// LONG Position
ca1 = close > iMM
ca2 = low = highest[lExit](close) THEN
Sell at market
ENDIF
if stopLoss>0 then
SET STOP pLOSS stopLoss
endif
This kind of strategies coming from Connors research usually work well on timeframes from 1Day to 1week on indexes in general. If you are interested on the 1week timeframe, you will find very interesting another strategy I posted:
https://www.prorealcode.com/prorealtime-trading-strategies/based-on-2rsi-weekly-strategy/