Hello,
This is another long-only strategy designed for intraday trading.
The strategy performs best with instruments that exhibit a long-term upward-sloping equity curve, such as ES1! and NQ1!.
It utilizes the Williams %R Indicator.
The strategy first identifies a recent selloff where the Williams %R value drops below -80. After this, the following bar must be an up bar, signaling that buyers have stepped in. The strategy enters the market on the next bar and exits after just 1 bar.
Commissions are set at $2.50 per trade (which totals $5 per round trip).