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  #5 (permalink)

Elite Member
Ashburn, VA
Trading Experience: Beginner
Platform: Tradestation, Ninjatrader
Favorite Futures: NQ and YM
tracer888's Avatar
Posts: 56 since Feb 2014
Thanks: 24 given, 50 received

Sure looks to me like it's trying to pick a directional bias from the previous day and just buys/holds all day until profit target is hit, it sure does endure a lot of pressure going against it and looks to close out at the end of day.

Wonder how quick someone could throw together something similar by say.... picking a negative bias if the day before was an up day (ie selling at open), the reverse on a down day.

Wasn't there a battle of the bots strat, somewhere way back, that would always buy on Mondays or something? Assuming that was when traders were all wanting to open positions. (I could be wrong, thought I saw a thread on it)

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