Monday/Tuesday Trade In Nasdaq

One very simple strategy for QQQ/Nasdaq:

  1. Today is monday OR tuesday
  2. IBS (c-l/h-l) is 0.1 or lower
  3. If condition 1 and 2 are fulfilled, go long at close
  4. Exit on the first close higher than yesterday’s high (code in Amibroker is c>ref(h,-1))

This is all there is to it.

Here is the equity curve from 2006 until today with one contract NQ (Nasdaq futures):

86 trades, 600 profit per contract and profit factor is 4.13.

Monthly results: