Weekend vs during the week trading (1/4)

I spent a few hours backtesting a mean reversion strategy. Over most coin pairs I've realised this strategy works a lot better on weekends
(2/4) During the week price was trending downwards. I got 4 "buy" signals because price was "over extended" however only the last one actually was a win the other 3 were losses. When comparing that to the weekend with 3 straight wins its pretty clear who is the winner
(3/4) This is a concept I have started to apply to all my back testing for the past few months. Weekend PA is so different to during the week PA so for each strategy its important to look when does it preform better.
(4/4) This is because for the majority we see trending moves during the week and ranging over the weekend

Thus if you use more trend following strategies, like MA crosses, you should focus on weekly trading and if you like to play ranges then the weekend is where you will shine
@Knowcoinery gave me the inspiration behind this
You can follow @BitcornBen_.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.