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SPY Sets Low or High in the Last Hour – An Intriguing Day Trading Strategy We try to find something tradeable out of these simple numbers but it’s not easy. However, the “boring” buying on weakness and selling on strength seems to work pretty well. Entry is at the open next day and exit is at 1130 the same day (only day trades). Buying on the close gives approximately the same results. However, drawdowns are a lot bigger. So using this approach you don’t get paid for holding overnight (from yesterday’s close). Here are some results from January 2010 until August 2012: Low last hour longs: Accumulated in %: 15.92 #fills: 136 #wins: 78 Avg: 0.117 Low last hour and opens up next day: Accumulated in %: 2.92 #fills: 77 #wins: 41 Avg: 0.038 Low last hour and opens down next day: Accumulated in %: 13 #fills: 59 #wins: 37 Avg: 0.220 The equity curve for all trades going long if low is in the last hour and going short if high is in the last hour looks like the image shown below. Want to learn more about the strategy? Check comment 👇 #tradingstrategies #DayTrading #SPY #IntradayStrategy #LastHourTrading #BuyingOnWeakness #SellingOnStrength #EquityCurve

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We have a detailed data-driven explanation of how the strategy performed from 2010 until August 2012. Check out here >> https://www.quantifiedstrategies.com/spy-sets-low-or-high-in-the-last-hour-a-daytrading-strategy/ #tradingstrategies

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