Hi all
I want to create a strategy that will trade leveraged ETFs against something like the S&P. Let’s say $UPRO.
I only want to trade these ETFs if they follow the trend of the day, or I guess more specifically the futures. It’s important that I can back test this and that’s where it’s tough for me to wrap my head.
Simple example logic would be...
If the futures at 9:29am were positive then
Execute code
Else
Go home and sleep
any ideas or better ways to approach?
I want to create a strategy that will trade leveraged ETFs against something like the S&P. Let’s say $UPRO.
I only want to trade these ETFs if they follow the trend of the day, or I guess more specifically the futures. It’s important that I can back test this and that’s where it’s tough for me to wrap my head.
Simple example logic would be...
If the futures at 9:29am were positive then
Execute code
Else
Go home and sleep
any ideas or better ways to approach?
