Experts: 001 - Turnaround Tuesday
Hello,
Thank you very much for presenting the idea.
I've simulated results from the last 5 years, both from Monday's closing price and from the other days.
Sometimes it works and sometimes it doesn't, both the open against and the open for: I'm still disappointed that I haven't found anything truly consistent.
It's not that the results are due to chance, which they are, but rather that buying assets that have seen significant gains in recent years is betting on a winning horse: Any purchase, in general, in gold or the S&P 500 will end up positive when the chart we're simulating on has shown such an upward trend. The opposite would also be true.
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001 - Turnaround Tuesday:
Expert Advisor for testing the Turnaround Tuesday hypothesis. If Monday closes bullish, a Sell position is opened on Tuesday. If Monday closes bearish, a Buy position is opened. The EA supports an ATR-based filter, ATR-based Stop Loss and Take Profit levels, as well as position sizing using either a fixed lot size or percentage risk.
Author: Sergey Ermolov