A faithful translation of the open-source Pine v6 strategy 'TASC 2026.03 One Percent A Week' by PineCoders. It implements the article 'Trading Snapbacks In A Leveraged ETF' by Dion Kurczek (TASC, March 2026), https://www.tradingview.com/script/nVECqIQx-TASC-2026-03-One-Percent-A-Week/, licence MPL-2.0. Credit: the strategy is by the author above. The source is a real, tradeable strategy, not a utility.
Instrument: TQQQ.USEQ (ProShares UltraPro QQQ, a 3x Nasdaq-100 ETF). This is exactly the instrument the article names, traded on our commission-free USEQ venue (zero commission, about 0.02-0.05% round-trip spread and impact modeled).
Bars: TQQQ.USEQ-1-HOUR-LAST-EXTERNAL. The regular session is 09:30-16:00 ET with 7 bars per day; the 09:30 bar is the session's first bar, and timestamps are bar CLOSE. History runs from about 2024-08-14 to now (about 2.1 years, about 3,700 bars). This is the only intraday history available. Daily bars cannot express the intraday limit and target sequencing, so 1H is required.
Sizing is exactly as the source: default_qty_type = percent_of_equity and default_qty_value = 10. Each entry buys whole shares worth 10% of current account equity at the limit price. The backtest starts at $100,000 where the source used $1,000; the scale does not affect returns. No leverage (leverage = 1.0), long-only, pyramiding 1 (the Pine default).
Flat state: the strategy is flat every weekend and in every week where the dip never trades. The pre-study shows about 20-30% time in market.
Parameters are the source defaults, held fixed and not optimized beyond the ±20% sensitivity check:
- dip_pct = 1.0 (entry limit = Monday open * 0.99)
- target_pct = 1.0 (target = average price * 1.01)
- be_trigger_pct = 0.5 (break-even is armed when low < average price * 0.995)
- qty_pct_equity = 10
Pre-study: our own point-in-time bar simulation of these exact rules on TQQQ.USEQ 1H, 2024-08 to 2026-09, before fees and spread, gave 88 trades at a mean of +0.37% per trade, t = 1.12, win rate 49%.
- Exits: 64 break-even (mean +0.37%, from opens that gap through the level), 15 target (mean +4.1%, dominated by gap-up opens), 9 Friday close (mean -5.8%).
- By year: 2024 +1.04% per trade (18 trades), 2025 +0.51% (39), 2026 -0.19% (31).
- The same rules on unleveraged QQQ gave -0.01% per trade on 61 trades. Any edge comes from TQQQ's 3x volatility, as the article claims.
The article's claimed performance is treated as unverified. The sample is small and statistically weak, and our backtest decides.