The Friday Seasonality in USO (oil) (Amibroker And Tradestation Code)

The strategy in plain English:

 

Buy on the close of a Thursday if USO falls at least 0.75 times the 25 day average of the H-L (high minus low) and exit on Friday’s close:

 

• Calculate the 25-day average range of the high minus the low (H-L).
• Today is Thursday.
• If the close today (Thursday) is lower than at least 0.75 of the average in number 1, then go long at the close.
• Exit at the close on Friday

(This strategy doesn’t work anymore.)

 

Click here for the original article.

 

Amibroker code:

 

range=MA((H-L),25);

Buy= DayOfWeek()==4 AND ( Ref(C,-1) – Close ) > ( Ref(range,-1)*0.75);

buyPrice= Close;

Sell= C>0 ; // forced exit

sellPrice= Close ;

 

Tradestation code:

 

If close <= close[1] – 0.75*average(range,25) And

dayofweek(date)=4

then buy this bar at close;

If marketposition=1 then sell this bar at close;

 

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.