# Daily Reversal

This strategy was inspired by a [post on r/algotrading](https://www.reddit.com/r/algotrading/comments/1f8v70e/backtest_results_for_a_simple_reversal_strategy/) by u/Russ_CW.

## Rules

1. The previous day must have a lower low and lower high than the day before that.
2. Enter a long position on the current day using a limit order placed at the high of the previous day.
    * If the current day gaps up and opens above the previous day's high, enter a long at the open.
3. Exit the position at the end of the day.

## Parameters

**Position Size**: A fixed dollar amount to use when sizing each position in order to account for lower historical index values. (Default: 10000)

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