QQQQ Wednesday Reversal
Author: WinOpt
Creation Date: 3/7/2009 3:08 PM
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WinOpt

#1

3/7/2009 3:08 PM

One of my WL4 favorites was WEDNESDAY REVERSAL. This is from "Trading Like A Hedge Fund" by James Altucher. Quester coded in WL4. The Boston WL5 user group coded it in WL5
CODE:
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Eugene

#2

3/7/2009 3:21 PM

Added just a little simplification:
CODE:
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Eugene

#3

3/7/2009 3:39 PM

One more note. According to Altucher:
QUOTE:
Buy QQQ when the low of Tuesday is 5 percent less than the high from
Monday (the wide-range condition) and the low of Tuesday is less than
the low from Monday.


You could include an extra check to make sure that the day before Tuesday was actually Monday, and not Friday for example:
CODE:
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Check 1/21/2008 (Martin Luther King Jr. Day) for an example of what I mean.
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