Open-Close Crossover Strategy with Alternate-Timeframe Signals and Trailing Stops

Summary

This document presents a long and short strategy built around crossovers between open-price and close-price series. It allows the series to use either raw prices or a selected moving-average type, including exponential, weighted, volume-weighted, Hull, least-squares, and ALMA variants. The script also offers an alternate signal timeframe, with its example setting at 120 minutes, and a switchable trailing stop with configurable points and offset.

The accompanying notes recommend testing a strategy resolution several times larger than the chart interval and describe the stop settings as a tradeoff between limiting losses and allowing trades room to move. The title labels the example a real backtest and says the result was not good, but the supplied excerpt contains no performance figures or detailed report. It is an implementation outline rather than evidence that the approach has an edge; costs, market, sample period, and robustness are not established in the visible text.

Key ideas

• The strategy generates trades from crossovers between open and close series.
• Either raw prices or a selectable moving-average variant can form those series.
• An alternate timeframe and an optional trailing stop are configurable.
• The document calls the backtest result poor but provides no performance statistics in the excerpt.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.