Pyramiding NASDAQ Breakouts with Multi-Window Highs

Summary

This strategy accumulates long positions in the NASDAQ Composite when price crosses above prior highs measured over several lookback windows. Entries use five horizons, from short to longer, and require a rising weighted-average price filter. Each signal adds a fixed share quantity at market, subject to a cap on total long shares. The rules also specify a percentage stop loss and profit target.

The document provides code and describes a test period beginning in 2009, but reports no performance statistics or detailed results. It gives no evidence that the approach would have made the promotional returns claimed in its accompanying text. Repeated additions as price reaches new highs can increase exposure during a sustained advance, while a reversal may leave a large accumulated position; the stated share cap and exits do not establish how drawdowns, costs, or slippage behave. The test context and rules therefore offer a strategy outline, not proof of robustness or suitability across markets.

Key ideas

• The system adds long exposure when price breaks above prior highs across five lookback windows.
• A weighted-average price filter must indicate an upward direction for entries to qualify.
• Each qualifying signal adds a fixed number of shares until a maximum position limit is reached.
• The rules include percentage-based stop loss and profit target settings.
• The document supplies a historical test context but no performance metrics or robustness analysis.

Tags

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