12 lines
538 B
Markdown
12 lines
538 B
Markdown
# Daily Reversal
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This strategy was inspired by a [post on r/algotrading](https://www.reddit.com/r/algotrading/comments/1f8v70e/backtest_results_for_a_simple_reversal_strategy/) by u/Russ_CW.
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## Rules
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1. The previous day must have a lower low and lower high than the day before that.
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2. Enter a long position on the current day using a limit order placed at the high of the previous day.
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* If the current day gaps up and opens above the previous day's high, enter a long at the open.
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3. Exit the position at the end of the day.
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