The idea behind this strategy is simple: If the equity index has a negative performance on Monday, then Tuesday`s market action often shows a bullish turnaround. The strategy is backtested on SPY (the SPDR S&P 500 ETF) with full capital investment.
Type of Positions
Criteria for Opening a Position:
ticker(spy) and weekday(mon) and (close < close)@sp500
Order Execution Model:
Capital at Risk:
Portfolio Max Size:
Comm. per Trade:
Close position after:
1 trading days/bars
1/1/2020 - 12/31/2020
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