Larry Williams - Smash Day (SL/TP in %) — Strategy by xtradernet
By xtradernet
Performance Metrics
- Author: xtradernet
- Symbol: AMEX:SPY
- Timeframe: 1 day
- Net P&L: +176,321.16 USD (+173.58%)
- Win Rate: 55.3%
- Profit Factor: 1.245
- Max Drawdown: 42,696.61 USD (27.27%)
- Total Trades: 508
Description
This strategy implements Larry Williams’ “Smash Day” reversal concept on any symbol and timeframe (daily is the classic). A Smash Day is a bar that closes beyond a recent extreme and then potentially reverses on the next session.