ninjatrader/strategies/daily-reversal

Daily Reversal

This strategy was inspired by a post on r/algotrading 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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