Buy Tuesday Strategy (by ChartArt)

15 thg 6, 2016

This strategy is as simple as possible: Every Tuesday a new long trade is opened, when Monday (yesterday) closed higher than it opened the week. The strategy closes all orders when the next close is larger than the open.

This strategy does not have any other stop loss or take profit money management logic and is therefore VERY risky, because it always waits to close all orders until the close is larger than the open. I recommend to mainly use it to find stocks or assets which are trending higher and are following this very basic trading idea.

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P.S. The code of the strategy does not work on digital assets like Bitcoin, Litecoin or Ethereum, which are traded every day including Saturday and Sunday, because the code checks if Monday was preceded by a Friday (and not by a Sunday and Saturday).