ninjatrader/strategies/double-7s/README.md

# Double 7's

This strategy was taken from chapter 10 of [*Short Term Trading Strategies That Work*](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.

## Rules

1. The asset (e.g., SPY) must be above its 200-day moving average.
2. If the close is at a 7-day low, enter a long position.
3. Exit the position when the close is at a 7-day high.

While the strategy rules specifically mention a 7-day period, periods of 5, 6, 8, 9, 10, etc. should work as well.

## Parameters

**Period**: The number of days to consider when determining the low and high. (Default: 7)

**Long-Term Trend Period**: The period to use when in the long-term trend calculation as measured by a simple moving average. (Default: 200)

## Backtest Results

### SPY

![SPY Analysis](https://static.moshington.com/images/strategies/double-7s/spy-analysis.png)

![SPY Summary](https://static.moshington.com/images/strategies/double-7s/spy-summary.png)

### QQQ

![QQQ Analysis](https://static.moshington.com/images/strategies/double-7s/qqq-analysis.png)

![QQQ Summary](https://static.moshington.com/images/strategies/double-7s/qqq-summary.png)

### DIA

![DIA Analysis](https://static.moshington.com/images/strategies/double-7s/dia-analysis.png)

![DIA Summary](https://static.moshington.com/images/strategies/double-7s/dia-summary.png)

### IWM

![IWM Analysis](https://static.moshington.com/images/strategies/double-7s/iwm-analysis.png)

![IWM Summary](https://static.moshington.com/images/strategies/double-7s/iwm-summary.png)

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Initial commit of Double 7's strategy README 2024-09-15 13:47:07 +00:00			`# Double 7's`

Add description to Double 7's strategy documentation 2024-09-15 13:48:12 +00:00			`This strategy was taken from chapter 10 of [Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.`

Add rules to Double 7's strategy documentation 2024-09-15 13:51:29 +00:00			`## Rules`

			`1. The asset (e.g., SPY) must be above its 200-day moving average.`
			`2. If the close is at a 7-day low, enter a long position.`
			`3. Exit the position when the close is at a 7-day high.`

Add note about other periods to Double 7's strategy documentation 2024-09-15 13:53:37 +00:00			`While the strategy rules specifically mention a 7-day period, periods of 5, 6, 8, 9, 10, etc. should work as well.`

Add parameters to Double 7's strategy documentation 2024-09-15 13:58:31 +00:00			`## Parameters`

			`Period: The number of days to consider when determining the low and high. (Default: 7)`

			`Long-Term Trend Period: The period to use when in the long-term trend calculation as measured by a simple moving average. (Default: 200)`

Add SPY backtest results for Double 7's strategy 2024-09-16 15:58:29 +00:00			`## Backtest Results`

			`### SPY`

			`![SPY Analysis](https://static.moshington.com/images/strategies/double-7s/spy-analysis.png)`

			`![SPY Summary](https://static.moshington.com/images/strategies/double-7s/spy-summary.png)`

Add QQQ backtest results for Double 7's strategy 2024-09-16 16:09:28 +00:00			`### QQQ`

			`![QQQ Analysis](https://static.moshington.com/images/strategies/double-7s/qqq-analysis.png)`

			`![QQQ Summary](https://static.moshington.com/images/strategies/double-7s/qqq-summary.png)`

Add DIA backtest results for Double 7's strategy 2024-09-16 16:43:44 +00:00			`### DIA`

			`![DIA Analysis](https://static.moshington.com/images/strategies/double-7s/dia-analysis.png)`

			`![DIA Summary](https://static.moshington.com/images/strategies/double-7s/dia-summary.png)`

Add IWM backtest results for Double 7's strategy 2024-09-16 17:13:58 +00:00			`### IWM`

			`![IWM Analysis](https://static.moshington.com/images/strategies/double-7s/iwm-analysis.png)`

			`![IWM Summary](https://static.moshington.com/images/strategies/double-7s/iwm-summary.png)`

Initial commit of Double 7's strategy README 2024-09-15 13:47:07 +00:00			`---`