WEEKEND TREND TRADER STRATEGY (2024)

  • Description

Description

The Weekend Trend Trader Strategy is the specific code for the system defined in the Weekend Trend Trader eBook. It was initially designed for and tested on the US market, but its popularity means it’s now traded on markets globally.

The Weekend Trend Trader is a trading strategy designed for people who want a simple to follow trading plan that trades just once a week. An ideal investment strategy for people who work full time but are actively planning for their retirement.

The strategy allows users to generate buy and sell signals, plot charts, run backtests and adjust a myriad of parameter settings without needing to understand coding. Other filters include price, volume, turnover, market regime and two position sizing modes.The code is completely viewable and editable by the user.

WEEKEND TREND TRADER STRATEGY (2)

WEEKEND TREND TRADER SYSTEM REQUIREMENTS

Amibroker v6.0 or higher (Standard or Professional). Amibroker is available here.
Reliable stock data source. We recommend and use Norgate Data

Purchaser must sign a sale agreement that contains a non-disclosure agreement. No refund is available on this product. Once the code is purchased the sale is final.

NOTE

This is turnkey code and purchasers are expected to have Amibroker and know how to use it. The turnkey code does not come with support.

Learn how to install the Amibroker Turnkey Code and run a simple back test here.

Turnkey code is also available for RealTest here.

IMPORTANT INFORMATION

This document may contain advice that has been prepared by The Chartist Pty Ltd (ABN 40 641 323 051).

The Chartist Pty Ltd is a Corporate Authorised Representative (CAR No. 1282007) of Shartru Wealth Management Pty Ltd ABN 46 158 536 871, AFSL 422409.

Any advice is considered general advice and has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on this advice you should therefore consider the appropriateness of the advice having regard to your situation and your own objectives, financial situation and needs. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. If the advice relates to the acquisition, or possible acquisition, of a product (other than a security e.g. a CFD) then the client should obtain the relevant Product Disclosure Document and consider it before making any decision about whether to acquire the product.

Past performance is not a reliable indication of future performance. This material has been prepared based on information believed to be accurate at the time of publication. Subsequent changes in circ*mstances may occur at any time and may impact the accuracy of the information.

All results are considered to be Hypothetical unless otherwise specified: Hypothetical performance results have many inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

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WEEKEND TREND TRADER STRATEGY (2024)

FAQs

WEEKEND TREND TRADER STRATEGY? ›

The Weekend Trend Trader is a trading strategy designed for people who want a simple to follow trading plan that trades just once a week. An ideal investment strategy for people who work full time but are actively planning for their retirement.

Is trend trading a good strategy? ›

Trend trading can be a good strategy if you are able to identify the right markets which have the ability to sustain a long-term trend. Trends can typically provide a higher reward to risk but having a clearly defined strategy and exercising proper risk management is key to finding success in trading the trend.

What to trade on weekends? ›

Cryptocurrency markets now operate 24/7 across exchanges so traders can long or short digital assets like Bitcoin and Ethereum. Tokenized stocks are accessible as well when primary equity markets are closed. Commodities that trade electronically over the weekend include gold, oil, and treasuries.

What is the best strategy for day trading? ›

Best Strategies for Day Trading
  • Momentum Trading. This type of strategy often focuses on high-performing stocks. ...
  • Scalping. ...
  • Trend Following. ...
  • Gap Trading. ...
  • Ichimoku Kinko Hyo Indicator Trading. ...
  • Breakout Trading. ...
  • Range Trading. ...
  • News Trading.
Apr 15, 2024

What trading strategy has the highest win rate? ›

Backtesting Results for Triple RSI Strategy

The backtesting results for the Triple RSI trading strategy show that it has a high win rate of over 70% on historical data.

What is the most profitable trading strategy of all time? ›

Three most profitable Forex trading strategies
  1. Scalping strategy “Bali” This strategy is quite popular, at least, you can find its description on many trading websites. ...
  2. Candlestick strategy “Fight the tiger” ...
  3. “Profit Parabolic” trading strategy based on a Moving Average.
Jan 19, 2024

What is the success rate of trend trading? ›

Trend Trading and Risk Management

When buying trending instruments, there is a high probability that your position could reverse and hit it's stop loss before turning into a major trend. So the win rate of a typical trend following system is between 30-50%.

What is the 11am rule in trading? ›

It is not a hard and fast rule, but rather a guideline that has been observed by many traders over the years. The logic behind this rule is that if the market has not reversed by 11 am EST, it is less likely to experience a significant trend reversal during the remainder of the trading day.

How do day traders trade so fast? ›

Day traders are attuned to events that cause short-term market moves. Trading based on the news is one popular technique. Scheduled announcements like releasing economic statistics, corporate earnings, or interest rate changes are subject to market expectations and market psychology.

How much money do day traders with $10,000 accounts make per day on average? ›

Assuming they make ten trades per day and taking into account the success/failure ratio, this hypothetical day trader can anticipate earning approximately $525 and only risking a loss of about $300 each day. This results in a sizeable net gain of $225 per day.

Which trading strategy has the highest success rate? ›

Selling put spreads is a consistent way to generate additional income. It may seem risky at first, putting up so much collateral to make a little bit each time, but it's hard to beat this strategy when you look at the math and probability of success.

What is the most profitable trade ever? ›

For example... George Soros and Stanley Druckenmiller famously broke the Bank of England by shorting the pound in 1992. The day is known as Black Wednesday and the trade not only netted the pair a fortune (around $1 billion) but wrote them into folklore.

What is the most profitable time to trade? ›

The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities. But even so, many traders are profitable in the off-times as well.

Is trend line strategy good? ›

Trendlines are used to give traders a good idea of the direction an investment's value might move. Understanding the direction of an underlying trend is one of the most basic ways to increase the probability of making a successful trade because it ensures that the general market forces are working in your favor.

Which trading strategy is most accurate? ›

Trend trading strategy. This strategy describes when a trader uses technical analysis to define a trend, and only enters trades in the direction of the pre-determined trend. The above is a famous trading motto and one of the most accurate in the markets.

What type of trading is most successful? ›

The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.

Why do traders go against the trend? ›

A countertrend strategy attempts to make small gains by trading against the current, broader trend. Traders also refer to the practice as countertrend trading. It is a form of swing trading that assumes a prevailing trend will see reversals and attempts to profit from them as the trend continues.

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