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TRADING TECHNIQUES
The S&P 500
Seasonal Day Trade
by William Brower, C.T.A.
Is there a particular day of the week within a month that offers the most opportunity? Here's a trading system based on the best days of the week for trading Standard & Poor's 500 futures.
FIGURE 2: Pattern 2. If tomorrow's open plus 30 points is less than
today's close, then buy at market.
"I have listed some of the system's performance results in Figure 5 and an equity curve in Figure 6. The high percentage of winning trades (66%), high average trade ($436) and respectable profit factor (2.82) are the system's strong points."
FIGURE 6: SYSTEM EQUITY CURVE. Here is a simulated track record
for trading the system since 1982. The lower line is the maximum intraday drawdown.
Excerpted from an article originally published in the August 1996 issue of Technical Analysis of STOCKS & COMMODITIES magazine. All rights reserved.
© Copyright 1996, Technical Analysis, Inc.
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