KBB
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Intraday Trading Strategies – Backtests Analysis
Intraday trading strategies refers to a style of trading where a trader buys and sells a financial instrument within the same trading day. The financial instrument can be stocks, futures, or forex. Intraday trading can be scalping — a trading method that tries to profit from small price fluctuations that happen all through the trading day. It can also be day trading — a trading method that aims to capture the major price movements of each trading day but ensures to close all positions before the market closes for the trading day.
We backtest the following trading rules:
* We use hourly bars.
* We enter long at the close when the bar is the third lower low and third lower high in a row.
* We enter a position only at 1030 local NY time.
* We sell at the close of 1600 NY time.
The strategy is backtested on the WTI crude oil futures contract traded on NYMEX. The equity curve (2000 – 2021) looks like the image shown below.
Can the strategy be improved or made different? If you have any suggestions, please comment 👇
#tradingstrategies

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@GoshawkTrades Could you please tell me where I can get the specific strategy ideas?Many thanks
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