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Add rules for Turnaround strategy

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moshferatu 2024-11-14 06:02:41 -08:00
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strategies/turnaround/README.md
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This strategy is based on [Turnaround Tuesdays on Steroids](https://www.quantitativo.com/p/turnaround-tuesdays-on-steroids) by Quantitativo, which itself is based on the idea that the market tends to rebound on Tuesdays after a recent decline.
## Rules
1. The day of the week must be Monday or Tuesday.
2. If the asset (e.g., SPY) has closed lower for the past 2 days, enter a long trade on the following open (i.e., Tuesday or Wednesday morning).
3. Exit the trade when the close is higher than the previous day's high.
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