Well, I often had arguments in online forum with a guy who claimed to time the market perfectly without any technical analysis or prior experience. He often claimed that technical analysis does not work and it only works when you trade on other's emotions. He also argued that algorithmic trading isn't profitable - if so, everyone would do that. Hence, I thought I will convert his idea to algorithm.

In his own words, the strategy is as below:

  • Chose an instrument which is in full uptrend.
  • Wait for the panic sell and buy the dip
  • Once market recovers back exit immediately

It seems to do just fine with indexes. But, not so good when it comes to stocks.
版本注释: Reduce initial capital to 10k to avoid getting moderated. Cannot reduce further as buy operation will not work on index otherwise.

Have kept 100% equity without compounding so that it will be easier to compare with buy and hold.
版本注释: Remove calc_on_order_fills

Request trial access: https://www.trendoscope.au/contact-us
Reach me on telegram: https://t.me/HeWhoMustNotBeNaamed
Join tradingview: https://www.tradingview.com/gopro/?share_your_love=sudh
USDT (TRC20): TCaz4CG9aZyR4jp3Ygf7MESWJPmcJgoep5

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。