Weekly Trading Strategy — Backtest with Weekly Charts, Returns, and Performance Analysis
The weekly trading strategy is a method of trading that focuses on the weekly price action. This can take any form: It could be positional trading based on the price action on the weekly chart or using the weekly chart to get a broader view of the market for a trend-following system on the daily chart, or even a weekly rotation system. It could also be a weekly swing trading strategy that focuses on capturing the price movement of the weekly price bars.
In this post, we take a look at the weekly trading strategy, and we’ll also make a backtest of a weekly strategy.
We backtest the following trading rules:
Every Friday at the close we rank the ETFs based on one single variable.
Buy the one ranked the lowest.
Hold for one week and rinse and repeat.
The equity curve of the strategy looks like the image shown below.
You can find more info about this trading strategy here:
https://www.quantifiedstrategies.com/weekly-trading-strategy/
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