moshferatu/ninjatrader

History

moshferatu f1a5e26cac Make it more clear that the Knife Catcher strategy is a swing trading strategy in the documentation		2024-08-30 08:39:44 -07:00
..
backtest-results
KnifeCatcherBot.cs	Add down day streak parameter to Knife Catcher strategy	2024-08-30 08:36:51 -07:00
README.md	Make it more clear that the Knife Catcher strategy is a swing trading strategy in the documentation	2024-08-30 08:39:44 -07:00

README.md

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