WJ BUY Strategy: Scored Pullbacks and Staged Entries

Summary

The visible portion of this strategy builds a continuous buying score from three components: distance below the Bollinger Band basis, price relative to a ladder of long-period moving averages, and low RSI. The moving-average score rises as price falls through averages from 60 to 720 periods, with linear interpolation between levels; the RSI component begins adding points below 45. These scores appear intended to identify increasingly oversold conditions for buying. The settings also show a 40-period Bollinger Band, a 14-period RSI, an entry average, and a configurable confirmation period.

The script maintains state around prior purchases, a waterfall limit price, and whether price has recovered above a 500-period average for 40 consecutive bars. These elements suggest staged entries and special handling of deep drawdowns. However, the supplied source cuts off before the full order rules and scoring thresholds are visible, so exact entry, exit, and risk behavior cannot be established. The strategy declares substantial pyramiding and cash-sized orders, but no backtest results or market configuration are supplied. Its mechanics should therefore be treated as a partial description, not evidence of performance.

Key ideas

• The visible scoring system combines Bollinger Band position, long-period moving-average levels, and RSI weakness.
• The moving-average score increases as price falls below progressively longer averages.
• State variables track prior buys, a waterfall price limit, and recovery above a 500-period average.
• The excerpt ends before full entry and exit conditions, leaving key rules unknown.
• No backtest results are provided to assess performance or risk.

Tags

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