Strategy Tester

Strategy Name

The Friday Gold Rush

This strategy, used by fund manager Andre Stagge, is simple: Buy gold every Thursday evening and keep the position 24 hours. On Friday evening the position is sold. This strategy is based on the fact that firms in the jewellery industry tend to buy their raw material on Friday for delivery during the weekend or Monday morning. The strategy is backtested on GLD (the SPDR Gold Shares ETF) with full capital investment.

Type of Positions

Long

Position Opening

Criteria for Opening a Position:	ticker(gld) and weekday(thu)

Order Execution Model:	Close Prices

Backtest Parameters

Initial Capital:	$10,000
Capital at Risk:	100% per trade
Portfolio Max Size:	1 positions
Comm. per Trade:	0.01%
Avg Bid-Ask Spread:	0.01%

Stop Loss:	20%
Close position after:	1 trading days/bars
Period:	1/1/2023 - 12/31/2023

The backtester displays results for the current year only. Please sign up to view the full report.

Results

Total Profit:

$536

Total Trades:

Capital Growth:

5.36%

Profit Trades, % of Total:

51%

Profit Factor: [?]

1.33

Avg Trade Duration, days:

Payoff Ratio: [?]

1.28

Avg Profit per Trade:

0.12%

Max Drawdown:

Avg Profit per Day:

0.12%

Max Drawdown, $:

786

Avg Market Impact: [?]

Minor

Restoration Factor: [?]

0.68

Overall Viability Score: [?]

5 / 10

Avg Annual Return:

5.36%

CAGR: [?]

5.36%

Equity Graph

Performance

Year	S&P 500	Equity	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2023	19.67	5.36	2.45	-2.82	4.35	-3.52	-0.46	-1.10	0.79	0.13	-0.12	5.06	-0.82	1.67

Performed Trades:

All

Symbol	Entry Date	Entry Price, $	Exit Date	Exit Price, $	Shares	Profit, $	Exit On	MI [?]
GLD	11/30/2023	188.75	12/01/2023	192.01	54	172.95	Duration Limit
GLD	11/16/2023	183.69	11/17/2023	183.67	56	-4.21	Duration Limit
GLD	11/09/2023	181.49	11/10/2023	179.51	57	-115.94	Duration Limit
GLD	11/02/2023	184.12	11/03/2023	184.79	56	34.42	Duration Limit
GLD	10/26/2023	184.01	10/27/2023	186.15	56	116.72	Duration Limit
GLD	10/19/2023	183.09	10/20/2023	183.59	56	24.92	Duration Limit
GLD	10/12/2023	173.26	10/13/2023	178.83	57	314.46	Duration Limit
GLD	10/05/2023	168.83	10/06/2023	169.70	58	47.51	Duration Limit
GLD	09/28/2023	173.23	09/29/2023	171.45	58	-106.23	Duration Limit
GLD	09/21/2023	178.05	09/22/2023	178.62	56	28.92	Duration Limit
GLD	09/14/2023	177.17	09/15/2023	178.34	56	62.53	Duration Limit
GLD	09/07/2023	178.02	09/08/2023	178.08	55	0.36	Duration Limit
GLD	08/31/2023	180.02	09/01/2023	180.11	55	1.98	Duration Limit
GLD	08/24/2023	177.85	08/25/2023	177.62	56	-15.87	Duration Limit
GLD	08/17/2023	175.30	08/18/2023	175.33	56	-1.27	Duration Limit
GLD	08/10/2023	177.60	08/11/2023	177.60	56	-2.98	Duration Limit
GLD	08/03/2023	179.54	08/04/2023	180.19	55	32.78	Duration Limit
GLD	07/27/2023	180.42	07/28/2023	181.86	54	74.82	Duration Limit
GLD	07/20/2023	182.74	07/21/2023	182.18	54	-33.20	Duration Limit
GLD	07/13/2023	182.01	07/14/2023	181.43	54	-34.26	Duration Limit
GLD	07/06/2023	177.31	07/07/2023	178.64	55	70.21	Duration Limit
GLD	06/29/2023	177.09	06/30/2023	178.27	55	61.97	Duration Limit
GLD	06/22/2023	177.71	06/23/2023	178.20	55	24.01	Duration Limit
GLD	06/15/2023	181.91	06/16/2023	181.63	53	-17.73	Duration Limit
GLD	06/08/2023	182.53	06/09/2023	182.04	53	-28.87	Duration Limit
GLD	06/01/2023	183.76	06/02/2023	181.05	54	-149.29	Duration Limit
GLD	05/25/2023	180.20	05/26/2023	180.92	55	36.62	Duration Limit
GLD	05/18/2023	181.84	05/19/2023	183.64	54	94.23	Duration Limit
GLD	05/11/2023	187.13	05/12/2023	186.81	52	-19.56	Duration Limit
GLD	05/04/2023	190.44	05/05/2023	187.46	52	-157.90	Duration Limit
GLD	04/27/2023	184.75	04/28/2023	184.80	54	-0.29	Duration Limit
GLD	04/20/2023	186.09	04/21/2023	184.25	54	-102.35	Duration Limit
GLD	04/13/2023	189.72	04/14/2023	186.36	54	-184.48	Duration Limit
GLD	04/06/2023	186.49	04/10/2023	185.11	55	-78.96	Duration Limit
GLD	03/30/2023	184.18	03/31/2023	183.22	56	-56.84	Duration Limit
GLD	03/23/2023	185.74	03/24/2023	183.65	56	-120.14	Duration Limit
GLD	03/16/2023	178.57	03/17/2023	183.77	57	293.29	Duration Limit
GLD	03/09/2023	170.20	03/10/2023	173.87	59	213.47	Duration Limit
GLD	03/02/2023	170.66	03/03/2023	172.49	58	103.15	Duration Limit
GLD	02/23/2023	169.57	02/24/2023	168.35	59	-74.97	Duration Limit
GLD	02/16/2023	170.75	02/17/2023	171.26	58	26.60	Duration Limit
GLD	02/09/2023	173.03	02/10/2023	173.36	57	15.85	Duration Limit
GLD	02/02/2023	177.90	02/03/2023	173.46	57	-256.07	Duration Limit
GLD	01/26/2023	179.47	01/27/2023	179.22	57	-17.32	Duration Limit
GLD	01/19/2023	179.89	01/20/2023	179.29	57	-37.27	Duration Limit
GLD	01/12/2023	176.64	01/13/2023	178.76	57	117.80	Duration Limit
GLD	01/05/2023	170.52	01/06/2023	173.71	58	182.02	Duration Limit

Backtesting Results Disclaimer
Past hypothetical backtest results are neither an indicator nor a guarantee of future returns. Actual results may vary from the analysis. Hypothetical performance results have many inherent limitations and cannot fully account for market factors such as bid-ask spread, slippage, and commission costs. There are numerous other factors related to the markets, which cannot be fully accounted for in the backtesting algorithm, but all of which can adversely affect actual trading results.