VWAP strategy

Dow dis not move much. In fact, it traded sideways today.

PaintBar system and PR_LE and PR_SE system suffered some losses as they are meant to be momentum catchers.

So in order to maintain equity curver nice and smooth, a new strategy is being tested to trade Nasdaq stocks.

It uses VWAP and mean reversion theory. So, it exploits the extreme situation to catch the correction path for small profits.

In order to be market neutral i. e, to hedge positions, two positions will be taken at the same time when the broadmarket i.e Dow, S&P are moving sideways, not more than 50 points from the open.

PaintBar strategy is also added to increase the probability of achieving two winning trades.

For today, at least two trades are possibe as soon as the market opens.

Short ERTS during first 2 bars

Short ERTS @45.50 for 50p target

Long SBUX during the first 2 bars

Long SBUX @33.60 for 40p target