OPEN-SOURCE SCRIPT
200 SMA (5%/-3% Buffer) for SPY & QQQ

In my testing TQQQ is an absolute monster of an ETF that performs extremely well even from a buy and hold standpoint over long periods of time, its largest drawback is the massive drawdown exposure that it faces which can be easily sidestepped with this strategy.
This strategy is meant to basically abuse TQQQ's insane outperformance while augmenting the typical 200SMA strategy in a way that uses all of its strengths while avoiding getting whipsawed in sideways markets.
The strategy BUYS when price crosses 5% over the 200SMA and then SELLS when price drops 3% below the 200SMA. Between trades I'll be parking my entire account in SGOV.
So maximizing profit while minimizing risk.
You use the strategy based off of QQQ and then make the trades on TQQQ when it tells you to BUY/SELL.
Here are some reasons why I will be using this strategy:
Simple emotionless BUY and SELL signals where I don't care who the president is, what is happening in the world, who is bombing who, who the leadership team is, no attachment to individual companies and diversified across the NASDAQ.
~85% win percentage and when it does lose the loses are nothing compared to the wins and after a loss you're basically set up for a massive win in the next trade.
Max drawdown of around 53% when using TQQQ
You benefit massively when the market is doing well and when there is a recession you basically sit in SGOV for a year and then are set up for a monster recovery with a clear easy BUY signal. So as long as you're patient you win regardless of what happens.
The trades are often very long term resulting in you taking advantage of Long Term Capital Gains tax advantage which could mean saving up to 15-20% in taxes.
With only a few trades you can spend time doing other stuff and don't have to track or pay attention to anything that is happening.
Simple, easy, and massively profitable.
This strategy is meant to basically abuse TQQQ's insane outperformance while augmenting the typical 200SMA strategy in a way that uses all of its strengths while avoiding getting whipsawed in sideways markets.
The strategy BUYS when price crosses 5% over the 200SMA and then SELLS when price drops 3% below the 200SMA. Between trades I'll be parking my entire account in SGOV.
So maximizing profit while minimizing risk.
You use the strategy based off of QQQ and then make the trades on TQQQ when it tells you to BUY/SELL.
Here are some reasons why I will be using this strategy:
Simple emotionless BUY and SELL signals where I don't care who the president is, what is happening in the world, who is bombing who, who the leadership team is, no attachment to individual companies and diversified across the NASDAQ.
~85% win percentage and when it does lose the loses are nothing compared to the wins and after a loss you're basically set up for a massive win in the next trade.
Max drawdown of around 53% when using TQQQ
You benefit massively when the market is doing well and when there is a recession you basically sit in SGOV for a year and then are set up for a monster recovery with a clear easy BUY signal. So as long as you're patient you win regardless of what happens.
The trades are often very long term resulting in you taking advantage of Long Term Capital Gains tax advantage which could mean saving up to 15-20% in taxes.
With only a few trades you can spend time doing other stuff and don't have to track or pay attention to anything that is happening.
Simple, easy, and massively profitable.
Script de código abierto
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.