S&P500 – The Higher Lower Strategy: +6% last month

A simple, new strategy that worked just fine last month. As follows:

A NEW BUY signal is triggered when Price sets a Higher High AND a Higher Low (Daily SPX candle).

A NEW SELL signal is activated when Price sets a Lower High AND a Lower Low compared to the previous day.

Act on a NEW BUY/SELL signal at the open the next day (future) and set the stop loss and take profit @ 1%.

Since the end of June, this strategy was put to work 16 times, of which 11 trades where profitable and 5 were losers, still a decent 6% return ex transaction cost.

Click here for an overview of the Strategy and when a NEW BUY signal will be activated.

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