1.1 KiB
1.1 KiB
Knife Catcher Bot
This swing trading strategy was taken from chapter 3 in 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
- Wait for the market (S&P 500 Index) to drop for 3 days in a row.
- Enter a long on the following open.
- 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
QQQ
