From a147bcfdfbf0ccc619d2c05db04c58f6b7c95caf Mon Sep 17 00:00:00 2001 From: moshferatu Date: Fri, 30 Aug 2024 07:52:29 -0700 Subject: [PATCH] Initial commit of README for Knife Catcher Bot --- strategies/knife-catcher/README.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 strategies/knife-catcher/README.md diff --git a/strategies/knife-catcher/README.md b/strategies/knife-catcher/README.md new file mode 100644 index 0000000..1983951 --- /dev/null +++ b/strategies/knife-catcher/README.md @@ -0,0 +1,13 @@ +# 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, 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. + +--- \ No newline at end of file