The Chartist – Day Trade (Long & Short) Strategies Package

The Day Trade (Long & Short) Strategy Package endeavors to sell stocks that are in an upward trend but are currently displaying short bursts of excessive strength. Once this strength is identified, the strategy introduces an additional criterion to the entry conditions to enhance the likelihood of price reversals in the downward direction. The exit strategy, known as Market On Close, facilitates swift turnover of trades to reduce overnight exposure. The strategy consistently delivers robust results, and all parameters can be adjusted to enhance risk-adjusted performance or trading frequency.

What is the objective?

SHORT STRATEGY: This approach seeks to short-sell stocks that exhibit strong momentum and have recently demonstrated extreme strength. A 20-year testing period involving 31,500 symbols in the US market has consistently shown profitability. You can view the Short Strategy’s performance here.

LONG STRATEGY

The goal of this long day trading strategy is to purchase equities that are strongly trending and undergoing brief periods of decline. Over a 20-year testing period, 3,500 symbols in the US market have consistently generated profits. You can review the Long Strategy’s performance here.

One key advantage of these strategies is that users are not required to monitor live pricing throughout the day. All orders are placed before the trading session begins, relying on End of Day data, and the API (available separately) automatically closes positions at the market close.

Users of this technique can generate buy and sell signals, create charts, conduct backtests, and adjust various parameter settings without the need for programming knowledge. Additionally, price, volume, turnover, market conditions, and two position-related filters are available.

The Day Trade (Long & Short) Strategy Package is offered in collaboration with The Chartist. A non-disclosure agreement must be executed by the buyer as part of the sales agreement.

Requirements include Amibroker v6.0 or higher (Standard or Professional) and a reliable source of stock market data. We recommend and utilize Norgate Data as our preferred data source.

Please note that this is turnkey code, and ownership requires familiarity with Amibroker and its operations. No support is provided for the turnkey code. Basic instructional videos on setting up the Turnkey Code and conducting quick backtests are available below.

Any advice provided is considered general guidance and has not been tailored to your specific goals, financial situation, or needs. Therefore, it is advisable to assess whether the advice aligns with your circumstances, goals, requirements, and financial condition before taking any action. Prior to making any financial investment decisions, we recommend seeking legal, tax, and financial advice. If the advice pertains to the acquisition or potential acquisition of a product (other than a security, such as a CFD), the client should obtain the relevant Product Disclosure Document and carefully review it before deciding whether to purchase the product.

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