Testing a Weekly Bitcoin Long Schedule with New York Time Triggers

Summary

This Bitcoin strategy tests a fixed weekly holding schedule: it opens a long position on Monday at 8 a.m. New York time and closes it Wednesday at 2 p.m. On intraday charts, the triggers use the specified times; on daily or higher charts, they use the corresponding weekdays, so the execution timing is only approximate. A weekly guard limits entries to one per week, and the script allows no pyramiding.

The accompanying description frames the rules as a way to examine possible weekday or liquidity-cycle effects, but it reports no backtest results establishing such an effect. The strategy includes a stated commission assumption and processes orders on bar close. It has no stop loss or other risk controls, and its timing logic should be interpreted in the context of chart resolution and New York time conversion. The document cautions that any apparent time-based edge may vary across market conditions and requires robust evaluation.

Key ideas

• The strategy enters Bitcoin long on Monday morning and exits Wednesday afternoon using New York time.
• Intraday charts use time-specific conditions, while daily and higher charts trigger by weekday only.
• A weekly entry guard prevents more than one entry in a week.
• The rules provide no stop loss or built-in risk management.
• The description proposes behavioral testing but supplies no evidence of profitability.

Tags

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