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68% winning trades... but, is it profitable overall?
j '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "asis_rc" <asis_rc@xxx> wrote:
>
> Jose,
> One of my Intraday strategy (gives me 68 % winning trades)is
> whenever a stock closes near the High (above 30% of the Range),Buy
> next day at open to Sq up at (30% of previous Day's Range + Pev H)
> or at end of 1st Hr whichever is earlier.
> Asish
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@>
> wrote:
>
>
> Hmmm... perhaps I've made it sound more complicated than it needs
> to be.
>
> Imagine it's 7pm in the evening, 3 hours after market close, and
> the day's final data arrives. We now know today's Open, High, Low
> and Close of the day with 100% certainty.
>
> We look at our finalized data, and find that today our favorite
> stock has closed within 4% of today's High. Our decision now is:
>
> 1) Go Long at tomorrow's Open (strategy Y).
>
> OR
>
> 2) Go Short at tomorrow's Open (strategy X).
>
>
> Which strategy is more likely to be profitable in the long run?
>
> ---------------------------------------------
>
> Strategy Y:
> ==========
>
> * Buy Long at tomorrow's Open if today's Close was within
> 4% of today's High.
>
> * Sell Long at tomorrow's Open if today's Close was within
> 4% of today's Low.
>
>
> Strategy X:
> ==========
>
> * Buy Long at tomorrow's Open if today's Close was within
> 4% of today's Low.
>
> * Sell Long at tomorrow's Open if today's Close was within
> 4% of today's High.
>
> ---------------------------------------------
>
>
> Y is basically a short-term trend-following strategy.
> X is basically a short-term contrarian strategy.
>
> So, which strategy is more likely to be profitable in the long run,
> Y or X?
>
>
> jose '-)
> http://www.metastocktools.com
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