Day Trading SPY if at 10:30am this index is at +.2%
Author: buckeye50
Creation Date: 8/27/2009 4:06 PM
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buckeye50

#1

8/27/2009 4:06 PM

Wanted to backtest strategy that buys at market the SPY if at 10:30am this index is at +.2% then sell at 3:30pm at market.

Any suggestion on how to use Wealth Lab to create these strategy rules.

Thank you
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Cone

#2

8/27/2009 4:46 PM

This assumes that a bar is sure to form at 10:30. For the best results, just use 30-minute intervals.

Note that the trades will show up as taking place on the next bar; 11am and 4pm bar for 30-minute intervals. But keep in mind that it uses Market orders, so these trades actually occur on the first tick of those intervals, which is the same as 10:30 and 3:30 for practical purposes.

You need to install Community.Components from Extensions for this to run without error.

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