Have any of you discovered that some days of the week are better to trade than others and can vary depending on the instrument? If so, please reply to this thread.
In a 12 month backtest of a few strategies, for example, Bonds were more profitable over the past year on Tuesday and if only traded on Tuesday, would have been almost as profitable than any other combination of days. Statistics such as Profit Factor and Win % rise dramatically, albeit with fewer trades, obviously. The benefits include less commissions, time-in-market risk and trader stress.
I find this fascinating and wonder what causes this to occur. I have found this phenomenon in each and every instrument I test and the strategy rules are consistent across all tested markets.
I plan to start a journal with a portfolio of instruments trading only the optimal day of the week to compare live results with the tests.