Monday And Two Down Days In A Row (S&P 500 or Nasdaq)

The strategy in plain English:

 

1. Today is Monday.
2. The close today is lower than Friday’s.
3. The close on Friday was lower than Thursday’s.
4. If 1-3 is true, enter at the close.
5. Sell at the close when the close is higher than yesterday’s high.

 

Amibroker code:

 

Buy= DayOfWeek()==1 AND C<Ref(C,-1) AND Ref(C,-1)<Ref(C,-2) ;

buyPrice=close;

Sell= C>Ref(H,-1);

sellPrice= Close;

 

Tradestation code:

 

If Dayofweek(date) = 1 and

c<c[1] and c[1]<c[2]

then buy this bar at c;

If c>h[1] then Sell this bar at c;

 

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