Buy Dip Sell Rip Strategy by jwammo12
By jwammo12
Performance Metrics
- Author: jwammo12
- Symbol: AMEX:SPY
- Timeframe: 1 day
- Net P&L: +525,078.12 USD (+525.08%)
- Win Rate: 80.7%
- Profit Factor: 2.448
- Max Drawdown: 91,570.34 USD (24.23%)
- Total Trades: 197
- Sharpe Ratio: 0.164
Description
This simple system buys the dip and sells the rip, depending on the trend of a long-term moving average. This strategy shows several interesting features. Applied to the S&P500, it still is a loser in a bear market, even though it achieves a 59% win rate. Overall, this shows the power of buying dips as an investment strategy, and shows promise as a base for other more short-term trading strategies.Feel free to donate : )