Simple swing trading ETF strategy: buy eod 2d highs

Thanks.

You're welcome.

 

Ken, you are awesome. You come in here, give your exact strategy, and allow people to try and throw shi*t at it. Gonna try some Excel testing on my end to see how it does! Do you do it any stocks individually, or mostly just ETFs and what not?

Thanks!!!

 

So you never ran a test like that? Why not?

 

To correctly test, you'd have to include what I do re position sizing and re-entries.. which can't easily be backtested

 

Both etfs and daily gappers

 

I'm curious what kind of position sizing rules you use? Or is it discretionary?

 

You've been using TradeStation for years. Why are you asking for coding help?

 

I use eSignal

 

It's dependent on several factors, but a simple version would be to add 50% of initial trade size after each 2day high gets taken out during upside breakouts. Same for scaling out during pullbacks, selling shares.

I also vary size based on s&p strength and duration of trend, VIX etc.

So it's multivariate, which I don't know how to accurately backtest.

Plus I go cash into earnings, and before fomc releases.

So it's a solid approach, but likely tough to backtest, without manual calculations to do all that stuff. But feel free to try, it should prove useful.


Tickers: EXTR DHT GPS PARA FLEX DE NOTV SQQQ

 

good job