Description
This strategy examines the initial move from the QQQ ETF open (9:30ET) price for the day. If the current price increases a set amount from this open price a BULLISH signal is generated, and this strategy will attempt to buy the TQQQ ETF (QQQ Bullish 3X ETF). Similarly, if the current price decreases a set amount from this open price a BEARISH signal is generated, and this strategy will attempt to buy the SQQQ ETF (QQQ Bearish 3x ETF).
If using the “First Direction Only” AlgoPilotX automation, then only one trigger per day will possibly be generated in the direction first triggered.
If using the “Both Directions” AlgoPilotX automation, then only the first trigger in a bullish direction per day will possibly be generated and/or only the first trigger in a bearish direction per day will possibly be generated. Therefore, it is possible trigger both bearish and bullish signals per day.
All positions will exit before the close that day. Position sizing, profit target and stoploss levels, and position exit time are controlled by the subscriber.
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