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Strategy Name The Friday Gold Rush
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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: $-23.1   Total Trades: 21  
Capital Growth:-0.23%   Profit Trades, % of Total:43%  
Profit Factor: [?] 0.98  Avg Trade Duration, days:1  
Payoff Ratio: [?] 1.31   Avg Profit per Trade:-0.0039%  
Max Drawdown:7%   Avg Profit per Day:-0.0039%  
Max Drawdown, $: 721   Avg Market Impact: [?]
Minor  
 
Restoration Factor: [?] -0.03   Overall Viability Score: [?]
3 / 10
 
Avg Annual Return: -0.23%   CAGR: [?]0%  
 Equity Graph 
 Performance 
Year S&P 500 Equity JanFeb MarAprMay JunJulAug SepOctNov Dec
2023 9.53 -0.23 2.45 -2.82 4.35 -3.52 -0.46
     
Performed Trades: All  
 Symbol Entry Date Entry Price, $ Exit Date Exit Price, $ Shares Profit, $  Exit On  MI [?]
 GLD 05/25/2023 180.20 05/26/2023 180.92 55 36.62  Duration Limit Minor
 GLD 05/18/2023 181.84 05/19/2023 183.64 54 94.23  Duration Limit Minor
 GLD 05/11/2023 187.13 05/12/2023 186.81 52 -19.56  Duration Limit Minor
 GLD 05/04/2023 190.44 05/05/2023 187.46 52 -157.90  Duration Limit Minor
 GLD 04/27/2023 184.75 04/28/2023 184.80 54 -0.29  Duration Limit Minor
 GLD 04/20/2023 186.09 04/21/2023 184.25 54 -102.35  Duration Limit Minor
 GLD 04/13/2023 189.72 04/14/2023 186.36 54 -184.48  Duration Limit Minor
 GLD 04/06/2023 186.49 04/10/2023 185.11 55 -78.96  Duration Limit Minor
 GLD 03/30/2023 184.18 03/31/2023 183.22 56 -56.84  Duration Limit Minor
 GLD 03/23/2023 185.74 03/24/2023 183.65 56 -120.14  Duration Limit Minor
 GLD 03/16/2023 178.57 03/17/2023 183.77 57 293.29  Duration Limit Minor
 GLD 03/09/2023 170.20 03/10/2023 173.87 59 213.47  Duration Limit Minor
 GLD 03/02/2023 170.66 03/03/2023 172.49 58 103.15  Duration Limit Minor
 GLD 02/23/2023 169.57 02/24/2023 168.35 59 -74.97  Duration Limit Minor
 GLD 02/16/2023 170.75 02/17/2023 171.26 58 26.60  Duration Limit Minor
 GLD 02/09/2023 173.03 02/10/2023 173.36 57 15.85  Duration Limit Minor
 GLD 02/02/2023 177.90 02/03/2023 173.46 57 -256.07  Duration Limit Minor
 GLD 01/26/2023 179.47 01/27/2023 179.22 57 -17.32  Duration Limit Minor
 GLD 01/19/2023 179.89 01/20/2023 179.29 57 -37.27  Duration Limit Minor
 GLD 01/12/2023 176.64 01/13/2023 178.76 57 117.80  Duration Limit Minor
 GLD 01/05/2023 170.52 01/06/2023 173.71 58 182.02  Duration Limit Minor

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.



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