Hello,
I'm excited to assist you in converting your long-only dip buyer strategy into a short-only strategy for ES1! and NQ1! futures. This project aligns with my expertise in Pine Script and strategy development for futures markets. I look forward to helping you achieve your trading objectives.
Project Approach:
Understanding Your Strategy: We will begin by thoroughly understanding your existing long-only dip buyer strategy. This includes studying the entry and exit conditions, risk management rules, and any other specific criteria that define your strategy.
Adapting to Short-Only: Based on our understanding of your current strategy, we will modify the Pine Script to transform it into a short-only strategy. This will involve reversing the entry and exit conditions to sell rips and average trades on the way up.
Testing and Optimization: After the initial script modification, we will conduct extensive testing using historical data for ES1! and NQ1! futures. We will optimize the strategy parameters to ensure it performs effectively in a short-only context.
Risk Management: We will incorporate risk management rules specific to short-only trading to help protect your capital and minimize potential losses.
Futures-Only Focus: I understand your requirement for testing with ES1! and NQ1! futures exclusively, and I will ensure that the strategy is tailored specifically for these instruments.