We don't usually provide the open code for our strategies in the portfolio but this one has been out since 2010 in my book, "Seven Trading Systems for the S&P Futures". Simply changing the Stop Loss and Profit Target (to smaller numbers) for a 2024 update we released in January gives us a nice setup to trade live.
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On Friday, this strategy called a nice short trade in the Gap Continuation I 2024 E-mini S&P trading system.
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This strategy is different than the Nasdaq version and waits for a pullback to take longs or a rally to take shorts if there has already been a strong move.Â
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This strategy setup ends up being one of the best setups I have seen for the E-mini S&P for the last two years in terms of profit to drawdown and average trade profit.Â
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It will be added to the latest release of our Portfolio Calculator.Â
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You can find this strategy in our book, "Seven Trading Systems for the S&P Futures" and you can download all the latest code from the book for our 2024 updates in the Seven Trading Systems for the S&P Futures Members Area.