Found another promising strategy on a short side using $UNG ETF.
Using 50% of the equity on the trade.
Rules.
Today is Tuesday, and Close is higher than Open. Sell short on following session, close out when, Close is less than Low of one bar ago. Alternatively, you can use an exit when Close is less that Open.
I tried with additional instruments: $SPY, $QQQ, $GLD, $TLT as filters. They tend to smoothen the equity curve.
I think the reason this strategy works:
1) Petroleum report on Wednesday mornings.
2) Profit taking from previous day / risk off.
Using $SPY being Up on a day.
Using $QQQ being Up on a day.
Using $GLD being Up on a day.
I personally like this one the most
Using $TLT being Up on a day.
This one also is very good.
I tested, when the filter instrument was down a day, results weren't that good, probably because reason for profit taking isn't there, rather opposite - risk on.
Using 50% of the equity on the trade.
Rules.
Today is Tuesday, and Close is higher than Open. Sell short on following session, close out when, Close is less than Low of one bar ago. Alternatively, you can use an exit when Close is less that Open.
I tried with additional instruments: $SPY, $QQQ, $GLD, $TLT as filters. They tend to smoothen the equity curve.
I think the reason this strategy works:
1) Petroleum report on Wednesday mornings.
2) Profit taking from previous day / risk off.
Using $SPY being Up on a day.
Using $QQQ being Up on a day.
Using $GLD being Up on a day.
I personally like this one the most
Using $TLT being Up on a day.
This one also is very good.
I tested, when the filter instrument was down a day, results weren't that good, probably because reason for profit taking isn't there, rather opposite - risk on.
Rename
Sorry,
I pasted the wrong curve for TLT filter.
I pasted the wrong curve for TLT filter.
Looks good, would be interesting to see this and the other one combined in one MetaStrategy.
Thanks for sharing.
It must be amazing, searching for strategies and not have to worry about fees and taxes. Otherwise this strategy would have a steep downward line. Already tried it.
After all, in Belgium (other countries also?) we have 0.37% transaction tax. And mostly also a small brokerfee. In Europe there is - as far as i know - 1 broker with zero fees but than you have to calculate yourselve all the transaction fees.
It must be amazing, searching for strategies and not have to worry about fees and taxes. Otherwise this strategy would have a steep downward line. Already tried it.
After all, in Belgium (other countries also?) we have 0.37% transaction tax. And mostly also a small brokerfee. In Europe there is - as far as i know - 1 broker with zero fees but than you have to calculate yourselve all the transaction fees.
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