ninjatrader/strategies/turnaround

Turnaround

This strategy is based on Turnaround Tuesdays on Steroids by Quantitativo.

The basic idea is that the market tends to rebound on Tuesdays (or Wednesdays) following a recent decline.

Rules

1. The day of the week must be Monday or Tuesday.
2. If the asset (e.g., SPY) has closed lower for the past 2 days, enter a long trade on the following open (i.e., Tuesday or Wednesday morning).
3. Exit the trade when the close is higher than the previous day's high.

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