Simple Trend-following Strategy Direction: Long only Entry Condition: Close below the open Entry Rule: Buy Stop at Highest close of the last 2 days Exit Price: Sell Stop at the Donchian Channel Low(20)
For example, could you explain how you arrived at a 74.53 entry?
Algyros
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Thank you for the chart. Could I ask you a few questions about it?
1. Do I understand correctly that one enters a long XIV position if XIV closes below its open AND closes at the highest close of the last two days?
2. Could you explain the logic of the entry condition?
3. Do you have any data on the performance of this strategy?