The "S&P500 – bounce on 3 candles"
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Hello everyone,
Today, I had the idea to tell myself that simple strategies are often among the best.
Indeed, each action / index can have a behavior that is very specific to it.
For example, I take the S&P500 index.
It adopts a bullish behavior over the long term, it is not difficult to know that it is necessary to place only BUY orders.
That is why the strategy I propose only takes long positions.
The rule of entry is very simple :
We take a long trade if we you have 3 consecutive lowest closes.
And that’s all !
When do we close the trade ?
Seven days later (between 1 and 10, it is the value that gives the best results).
No stop loss or take profit.
I did not try to dig it any further, I admit. Of course I am far from the performance of the strategies that I use, but I wanted to show that with very simple things one can achieve a positive result…
Defparam cumulateorders = false // ACHAT ca = close < close[1] and close[1] < close[2] If ca then buy at market Endif // SORTIE ACHAT If barindex - tradeindex = 7 then sell at market endifand that’s all !
Happy trading to all
Hi, thanks for sharing this idea. I moved your post from the pending review list of the library to the forum instead. It would seem that you forgot to introduce the fees, I made a test with only 2 points spread, please find it attached.
I’m sorry Nicolas, but with 2 points spread, I don’t have your result at all.
See attached picture.I’m using prorealtime.com, on the S&P500 Index.
Any idea ?
Thanks,
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 07/03/2017 |
| Status: | Active |
| Attachments: | 3 files |
