19 lines
762 B
Markdown
19 lines
762 B
Markdown
# Double 7's
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This strategy was taken from chapter 10 of [*Short Term Trading Strategies That Work*](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work) (2008) by Larry Connors.
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## Rules
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1. The asset (e.g., SPY) must be above its 200-day moving average.
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2. If the close is at a 7-day low, enter a long position.
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3. Exit the position when the close is at a 7-day high.
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While the strategy rules specifically mention a 7-day period, periods of 5, 6, 8, 9, 10, etc. should work as well.
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## Parameters
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**Period**: The number of days to consider when determining the low and high. (Default: 7)
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**Long-Term Trend Period**: The period to use when in the long-term trend calculation as measured by a simple moving average. (Default: 200)
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