S&P 500 (SPY) Buy On Open (#50)

Description

The strategy buys the open and holds for at least one day.

Backtested on the ETF that tracks the S&P 500 (SPY). Work well for QQQ and XLK.

This was our trading edge for April 2026.

319 trades
0.55% average gain per trade
65% win rate
Profit factor: 2.4
5.3% annual return (CAGR)
6% market exposure
Risk-adjusted return: 83%
Max drawdown: -16%

You’ll get the full trading rules – ready to test and validate.
We offer full trading code in TradingView/Python, Amibroker, Tradestation, and NinjaTrader. If your code platform is not here, message us, and we will fix it.