This strategy, used by fund manager Andre Stagge, is simple: Buy gold every Thursday evening and keep the position for 24 hours. On Friday evening, the position is sold. This strategy is based on the fact that firms in the jewelry 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:
1/1/2026 - 12/31/2026
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