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

The Day Trade (Long & Short) Strategy Package endeavors to vend stocks that are on an upward trend and are observing brief episodes of excessive strength. Once this strength is identified, an additional extension is incorporated into the entry criteria of the strategy to augment the likelihood of prices reversing to lower levels. An exit at Market On Close is employed to swiftly turn over trades and reduce overnight exposure. The strategy yields reasonably consistent and sturdy outcomes. All parameters are modifiable to enhance risk-adjusted performance or trade frequency.

What is the objective?

SHORT STRATEGY: This method seeks to engage in short selling of stocks that are displaying robust movement and have recently encountered significant strength. A 20-year testing period encompassing 31,500 symbols in the US market reveals consistent profitability. The performance of the Short Strategy can be observed here.

LONG STRATEGY:

The aim of this long day trade strategy is to procure equities that are vigorously trending and are undergoing brief periods of decline. Over a 20-year testing phase, 3,500 symbols within the US market have consistently generated profits. The performance of the Long Strategy can be viewed here.

The user is relieved from the need to monitor live pricing throughout the day, constituting a key advantage of these tactics. All orders are placed prior to the trading session; the strategy operates using End of Day data, and the separately available API automatically closes positions at the session close.

Practitioners of this technique can generate buy and sell signals, generate charts, conduct back tests, and customize a wide array of parameter settings without necessitating programming knowledge. Price, volume, turnover, market conditions, and two position factors further serve as filters.

The Day Trade (Long & Short) Strategy Package in collaboration with The Chartist necessitates the execution of a non-disclosure agreement by the purchaser as part of the sales arrangement.

Amibroker v6.0 or higher (Standard or Professional) is required.

A dependable source of stock data is requisite. We recommend and utilize Norgate Data.

This constitutes a ready-to-use code; therefore, proprietors must possess Amibroker and be acquainted with its operations. No support is furnished for the ready-to-use code. Basic instructional videos are available below for configuring the Turnkey Code and conducting swift backtests.

Any guidance provided is considered as general advice and has not been formulated with consideration for your objectives, financial situation, or needs. Consequently, it is imperative to assess whether the guidance is appropriate in the context of your circumstances, personal goals, requirements, and financial position before taking action. Prior to making any financial investment decisions, we strongly recommend seeking legal, tax, and financial counsel. If the advice pertains to the acquisition or potential acquisition of a product (other than a security, such as a CFD), the customer is advised to obtain the relevant Product Disclosure Document and carefully scrutinize it before deciding whether to procure the product.

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