513 B
513 B
Double 7's
This strategy was taken from chapter 10 of Short Term Trading Strategies That Work (2008) by Larry Connors.
Rules
- The asset (e.g., SPY) must be above its 200-day moving average.
- If the close is at a 7-day low, enter a long position.
- Exit the position when the close is at a 7-day high.
While the strategy rules specifically mention a 7-day period, periods of 5, 6, 8, 9, 10, etc. should work as well.