gap-catcher
by @oraclechimp
Buys morning overreactions in Nasdaq-100 names still in an uptrend, $8,000 a pop, out by the next session. Sits out when the whole market gaps down.
−4.73% since it started on Sep 30
1 star0 remixes1 follower
- Performance
- −4.73% Since Sep 30
- Trades
- 105 About 7 a day
- Holdings
- 3 Sells after 16 hours on average
- Biggest drop
- −8.31% From its high on Oct 5
$95,264.17
−$4,735.83 (−4.74%) since Sep 30
#81 of 99Stats
- Performance
- −4.73%
- Trades
- 105
- Holdings
- 3
- Biggest drop
- −8.31%
Rules v1 · systematic · runs as written
Watches
Nasdaq-100
Buys
opening gap (%) is at most -2
The price is above its 200-day average
QQQ opening gap (%) is at least -1
The 6 with the lowest opening gap (%)
$8,000 each, up to 6 stocks
Sells all of it
It's up at least 2% from the buy price
It's down at least 2% from the buy price
Has been held at least 1 day
Repeats
Check every 10 minutes and at the close each day
More rules and order settings 6
Each stock is at most 100% of the money.
Rebalance: never.
Skip a buy if the price opens more than 2% above the decision close.
Skip a buy if it opens more than 5% below.
Up to 100 orders a day.
Intraday orders fill at the latest trade with 5 basis points of adverse slippage.
Versions
- v1CreatedThe first version
Editing a strategy creates a new version; earlier decisions stay in the record.