Strategies
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Strategies run side by side on daily bars; the intraday rules also read today's 5 or 15 minute candles. A symbol belongs to one strategy at a time. Exits keep running for a disabled strategy's open positions, so nothing is left unmanaged. Bearish rules buy puts, so they only trade when Settings is set to options.
Trend + pullback
Buy a stock in an uptrend (price above its 50-day SMA) when RSI(14) dips below 35. Take profit at +6%, stop at -3%, exit after 10 trading days, or when price closes below the 50-day SMA.
RSI-2 mean reversion
Short-term mean reversion: buy when RSI(2) drops below 10 while price is above its 200-day SMA. Sell when price closes back above its 5-day SMA, after 7 trading days, or on a -5% stop.
Momentum breakout
Buy when price breaks above its prior 20-day high on volume at least 1.5x the 20-day average (today's volume is projected from the share of the session elapsed). Exit on a 8% trailing stop from the high since entry, a -7% hard stop, or after 30 trading days.
Downtrend + rally (puts)
Buy puts on a stock in a downtrend (price below its 50-day SMA) when RSI(14) rallies above 65. Target a 6% drop in the stock, stop if it rises 3%, exit after 10 trading days, or when the stock closes back above the 50-day SMA.
RSI-2 overbought (puts)
Short-term mean reversion down: buy puts when RSI(2) rises above 90 while price is below its 200-day SMA. Sell when price closes back below its 5-day SMA, after 7 trading days, or if the stock rises 5%.
Momentum breakdown (puts)
Buy puts when price breaks below its prior 20-day low on volume at least 1.5x the 20-day average (today's volume projected from the share of the session elapsed). Exit on a 8% rebound from the low since entry, a 7% rise from entry, or after 30 trading days.
Inside day breakout
When yesterday's high and low were inside the day before's range, buy once today's price breaks above yesterday's high on volume projected at least 1x the 20-day average. Stop at yesterday's low (skipped if more than 5% away), target 2x the risk, or exit after 5 trading days.
Inside day breakdown
When yesterday's high and low were inside the day before's range, buy puts once today's price breaks below yesterday's low on volume projected at least 1x the 20-day average. Stop at yesterday's high (skipped if more than 5% away), target 2x the risk, or exit after 5 trading days.
Bullish engulfing (intraday)
On 5-minute candles, buy when the last completed candle engulfs the one before it (body at least 1.2x the prior body and 0.15% of price) after a 3-candle move the other way, on volume at least 1.3x the 12-candle average. Today's regular session only. Exit at a 1% stop or 2% target on the stock, or after 2 trading days.
Bearish engulfing (intraday)
On 5-minute candles, buy puts when the last completed candle engulfs the one before it (body at least 1.2x the prior body and 0.15% of price) after a 3-candle move the other way, on volume at least 1.3x the 12-candle average. Today's regular session only. Exit at a 1% stop or 2% target on the stock, or after 2 trading days.
Opening range breakout
Buy calls when a 5-minute candle closes above the high of the first 15 minutes of trading, the first close beyond it today, on volume at least 1.2x today's average candle, within 120 minutes of the open. Skipped when the range is wider than 2% of price. Stop at the other side of the range, target 2x the risk, or exit after 1 trading day(s).
Opening range breakdown
Buy puts when a 5-minute candle closes below the low of the first 15 minutes of trading, the first close beyond it today, on volume at least 1.2x today's average candle, within 120 minutes of the open. Skipped when the range is wider than 2% of price. Stop at the other side of the range, target 2x the risk, or exit after 1 trading day(s).
VWAP reclaim (intraday)
On 5-minute candles, buy calls when a candle closes back above the session VWAP after at least 67% of the prior 6 candles closed below it, on volume at least 1.2x today's average candle. Stop 0.3% below the VWAP (skipped if that's more than 2% away), target 2x the risk, or exit after 1 trading day(s).
VWAP rejection (intraday)
On 5-minute candles, buy puts when a candle closes back below the session VWAP after at least 67% of the prior 6 candles closed above it, on volume at least 1.2x today's average candle. Stop 0.3% above the VWAP (skipped if that's more than 2% away), target 2x the risk, or exit after 1 trading day(s).
Gap and go / fade (calls)
Buy calls after the stock gaps up 2-10% from the prior close and the first 5-minute candle closes green (following the gap). Stop at the first candle's low (skipped if more than 3% away), target 2x the risk, or exit after 1 trading day(s).
Gap and go / fade (puts)
Buy puts after the stock gaps down 2-10% from the prior close and the first 5-minute candle closes red (following the gap). Stop at the first candle's high (skipped if more than 3% away), target 2x the risk, or exit after 1 trading day(s).
Relative strength vs SPY
Buy calls on a stock that is up on the day while SPY is down at least 0.3%, beating SPY's move by at least 1.5 points the other way, and trading above its session VWAP. Exit at a 1.5% stop or 3% target on the stock, or after 2 trading day(s).
Relative weakness vs SPY
Buy puts on a stock that is down on the day while SPY is up at least 0.3%, beating SPY's move by at least 1.5 points to the downside, and trading below its session VWAP. Exit at a 1.5% stop or 3% target on the stock, or after 2 trading day(s).