Monday/Tuesday Nasdaq Trading Strategy – 2024 Updated

One very simple strategy for QQQ/Nasdaq:

  1. Today is Monday OR Tuesday.
  2. IBS (c-l/h-l) is 0.1 or lower.
  3. If conditions 1 and 2 are fulfilled, go long at the close.
  4. Exit on the first close higher than yesterday’s high (code in Amibroker is c>ref(h,-1)).

This is all there is to it.

Here is the equity curve from 2006 until today with one contract NQ (Nasdaq futures):

86 trades, 600 profit per contract, and the profit factor is 4.13.

Monthly results:

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinion – they are not suggestions to buy or sell any securities.

FAQ:

– What is the strategy for trading QQQ/Nasdaq described in the article?

The article outlines a straightforward trading strategy designed for the QQQ/Nasdaq, incorporating specific conditions related to the day of the week and the Intraday Buying/Selling (IBS) indicator.

– What are the conditions for initiating a long trade in this strategy?

To enter a long trade using this strategy, two specific conditions must be met: it must be either a Monday or a Tuesday, and the IBS (c-l/h-l) indicator should register at 0.1 or lower.

– How is the exit point determined in this trading strategy?

The strategy’s exit point is determined by the first occurrence of a closing price higher than the previous day’s high, with the specific code for this condition in Amibroker being c>ref(h,-1).

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  • what is

    1) IBS (c-l/h-l) is 0.1 or lower

    2) code in Amibroker is c>ref(h,-1))

    which platform and how did you create it? API?

    thanks!

    Reply