Here’s a simple strategy for CAC40 with only three conditions.
Appropriately enough it’s the french national day today.
The three conditions
- Price must be < MA65
- Todays high/low must be higher than yesterday
- Enter the trade on Tuesday open and exit trade on Wednesday close
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timeframe(daily, updateonclose) entrycondition1 = close < average[65](close) TimeFrame(default) entrydaytime = dayofweek = 2 and time = 090000 exitdaytime = dayofweek = 3 and time = 173000 entrycondition2 = dlow(0) > dlow(1) or dhigh(0) > dhigh(1) if entrydaytime and entrycondition1 and entrycondition2 and not onmarket then buy 1 contract at market set stop %loss 2 endif if exitdaytime then sell at market endif |
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This is not a Cac40 only strategy.
The effect Tuesday morning long until Wednesday evening/night is well known.
As an explanation can serve that important monetary policy decisions are made on Wednesday afternoon evening and these decisions are bought up in advance.
For the Dax40 I have here for years Andre Stagge as an announcement and replicated as follows, see at
Hope it helps
Hi JohnScher. Yes I think you refer to the strategy called “Turnaround tuesday”. This strategy uses this edge aswell but in a different form. I’ve found what works on DAX often work on CAC aswell. I guess you could call this strategy “Turnaround Tuesday for CAC”
I am not alluding to the turnaround tuesday.
The general opinion is that Turnaroundtuesday starts on Monday evening.
But better you start on Tuesday morning, which you have recognized well.
Ah. Never mind.
Yeah that’s maybe not of importance. Anyway. Enjoy! 🙂