ninjatrader/strategies/knife-catcher/README.md

# Knife Catcher Bot

This strategy was taken from chapter 3 in *[Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work)* (2008) by Larry Connors.

The strategy is not named as such in the book, but I thought it was fitting.

## Rules

1. Wait for the market (S&P 500 Index) to drop for 3 days in a row.
2. Enter a long on the following open.
3. Exit the trade 5 days later.

## Parameters

**Down Day Streak**: The number of consecutive days the market has to close lower for a long to be entered. (Default: 3)

**Bars to Exit**: The number of bars to wait before exiting the trade. (Default: 5)

## Backtest Results

### SPY

![SPY Analysis](./backtest-results/spy_analysis.png)

![SPY Summary](./backtest-results/spy_summary.png)

### QQQ

![QQQ Analysis](./backtest-results/qqq_analysis.png)

![QQQ Summary](./backtest-results/qqq_summary.png)

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Initial commit of README for Knife Catcher Bot 2024-08-30 14:52:29 +00:00			`# Knife Catcher Bot`

			`This strategy was taken from chapter 3 in [Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.`

Trivial correction in Knife Catcher strategy documentation 2024-08-30 14:55:07 +00:00			`The strategy is not named as such in the book, but I thought it was fitting.`
Initial commit of README for Knife Catcher Bot 2024-08-30 14:52:29 +00:00
			`## Rules`

			`1. Wait for the market (S&P 500 Index) to drop for 3 days in a row.`
			`2. Enter a long on the following open.`
			`3. Exit the trade 5 days later.`

Add Bars to Exit parameter documentation for Knife Catcher strategy 2024-08-30 15:27:05 +00:00			`## Parameters`

Trivial typo correction in Knife Catcher documentation 2024-08-30 15:38:51 +00:00			`Down Day Streak: The number of consecutive days the market has to close lower for a long to be entered. (Default: 3)`
Add documentation for down day streak parameter of Knife Catcher strategy 2024-08-30 15:38:06 +00:00
Add Bars to Exit parameter documentation for Knife Catcher strategy 2024-08-30 15:27:05 +00:00			`Bars to Exit: The number of bars to wait before exiting the trade. (Default: 5)`

Add SPY backtest results for Knife Catcher strategy 2024-08-30 15:00:05 +00:00			`## Backtest Results`

			`### SPY`

			`![SPY Analysis](./backtest-results/spy_analysis.png)`

			`![SPY Summary](./backtest-results/spy_summary.png)`

Add QQQ backtest results for Knife Catcher strategy 2024-08-30 15:04:12 +00:00			`### QQQ`

			`![QQQ Analysis](./backtest-results/qqq_analysis.png)`

			`![QQQ Summary](./backtest-results/qqq_summary.png)`

Initial commit of README for Knife Catcher Bot 2024-08-30 14:52:29 +00:00			`---`