Buy Monday System With a Twist

Buy Monday System With a Twist

Mar. 27, 2024

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We’ve been spending the past few Newsletters on the Dividends/Turbo/Stocks prong of our 3-Pronged Plan.

For the rest of the week, we’re going to get back to the automated system prong.

A few months ago, we talked about a Buy on Monday system.

The win percentage was very high and it is something I’ve been thinking about ever since.

What if we added something?

What if we added a filter?

And what if we added a filter that seems like exactly the wrong thing to do?

Let’s find out.

First the details:

The Buy on Monday 10-Minute NQ.D (E-Mini Nasdaq) System 

  • Buy on Monday after 14:00 pm ET (2:00 pm ET).
  • Close out at the same time as entry on Wednesday if we haven’t hit our target.
  • Target is 1.4x the ATR.
  • Stop is 15x the ATR.
  • Filter/Data2: the 50-day simple moving average on the Daily chart.
  • Only Buy when price is below the SMA on the Daily chart.

Wait, what?

This is a momentum system and the stock market only goes up. If we wait to buy when the market is bearish, everything will fall apart.

Right?

Here’s the Equity Curve since 2001 via Portfolio Architect:

It’s up around 600% on a hypothetical $20k account and the win rate is at 88%:

If we compounded our gains annually, it would be a lot higher than that.

Pretty strange.

But profitable.

[Elite Members get the code for this for free on the Private Member Page.]

In our next Newsletter, we’ll put this together with another system.

Talk to you soon.

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Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.