[idea] First Copper System #idea #copper #101tradingideas

101 Trading Ideas:

Trade Fear, Trade ‘or’ instead of ‘and’

An End-of-Day Copper System:

Illustrates the idea of trading fear by reversing a big move after confirmation bias or drift in opposite direction

Buy Rules

Close < Yesterday’s close – Average True Range of last 8 days (a big move)

Yesterday closed lower than the day before (confirmation bias), _or_

Average close of last 8 days > Average close of last 8 days, 8 days ago (drift is up)

 Sell Rules

Close > Yesterday’s close + Average True Range of last 8 days (a big move)

Yesterday closed higher than the day before (confirmation bias), _or_

Average close of last 8 days < Average close of last 8 days, 8 days ago (drift is down)

Exit Rules

Tomorrow’s close

Results, 2006-p:

129/223 wins/trades: 57%

Avg trade: $0.008

z score: 2.3

profitable 7 of 11 years

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