This is an objective D1 strategy I’m using on the Nasdaq100. I’ll post regular updates through 2025. In early trading it seems to have a win rate of about 80%, r:r about 1:0.5, and a trade fequency about 23 per month.
It’s embarassingly simple -
at the close, set a buy order at the day’s high and a sell order at the day’s low: the stop-loss of the long is at the day’s low, the SL for the short is at the day’s high
if an order is triggered, close this trade at the first profitable close
untriggered orders remain pending
repeat the process at the next close
The current situation is -
1 open long, from the high of 24/12
3 pending buy orders at the highs of 16/12, 17/12 and 18/12
1 pending sell order at the low of 24/12
but also multiple sell signals at the lows of 20/12, 23/12 and earlier lower daily lows going way back in time, awaiting sell orders if price goes south
I’m hoping this continues to work well, but also that we all have a Happy New Year!
I don’t think I could trade futures on the daily chart without having deep pockets like the institutions, but this is worth investigating further to be used as directional bias.
26/12 - Market Close update -
Index closed below high of 24/12 so long position still running
Existing orders still pending
Added new buy order and new sell order based on 26/12 range
Long from H 24/12 stopped out 27/12 = -240pts
Short from 24/12 triggered, closed manually 27/12 = +86pts
Short from 26/12 triggered, closed manually 27/12 = +172pts
Strategy’s total gain = +18pts
New buy order at H 27/12
New sell order at L 27/12
Its interesting to use the daily highs and lows as reference points for the entries and stop losses. I will be on the lookout on your updates through 2025! Happy new year!
Short from 23/12 triggered and closed manually 27/12 = +95pts
Short from 27/12 triggered and closed manually 27/12 = +27pts
Strategy’s total gain = +140pts
New buy order at H 30/12
New sell order at L 30/12
