Double 7's Strategy
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
Comments
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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/
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
Sbaglio o Short non fa nemmeno un'operazione ? Andare Long su SPY con la MM200 è praticamente quasi come fare un B&H...