33 lines
912 B
Markdown
33 lines
912 B
Markdown
# Knife Catcher Bot
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This strategy was taken from chapter 3 in *[Short Term Trading Strategies That Work](https://moshferatu.dev/moshferatu/short-term-trading-strategies-that-work)* (2008) by Larry Connors.
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The strategy is not named as such in the book, but I thought it was fitting.
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## Rules
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1. Wait for the market (S&P 500 Index) to drop for 3 days in a row.
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2. Enter a long on the following open.
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3. Exit the trade 5 days later.
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## Parameters
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**Down Day Streak**: The number of consecutive days the market has to close lower for a long to be entered. (Default: 3)
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**Bars to Exit**: The number of bars to wait before exiting the trade. (Default: 5)
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## Backtest Results
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### SPY
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### QQQ
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