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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (23107)1/9/2003 11:23:32 AM
From: Win-Lose-Draw  Read Replies (2) of 30712
 
done.

on NDX found 8 trades. 2 were winners, 6 were losers. average result is -1.8%.

if you have the date of what you consider a successful evening star short (or long!) on NDX i'd love to take a look at it and maybe improve the model.

Criteria:

"star" net daily change of <0.4%
"gap" difference between open and previous close of > 1%

if Yesterday is a Star then
if DayBeforeYesterday is a WhiteCandle AND
Yesterday is GapUp from DayBeforeYesterday then
if Today is GapDown AND RedCandle then
ShortTheClose
if Today is WhiteCandle AND
Today closed higher then Yesterday
BuyTheClose
Close Position on third day
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