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BOOK YOUR FREE STRATEGY SESSION NOW >>In this video, we delve deeply into the winning strategy of our June 2024 Strategy of the Month contest and two other strategies that we found particularly interesting among those submitted by participants:
-A multiday trend-following strategy on Dow Jones (winner of the contest!)
-An intraday breakout strategy on DAX
-An intraday breakout strategy on Nasdaq
The winning strategy was created by our student Ismail and was awarded for its excellent effectiveness and the choice of a somewhat unconventional underlying asset, the Dow Jones futures.
This multiday trend-following strategy, backtested with data from 2010 to the present, would have earned around $162,000 with a drawdown just over $8,000.
With an average trade of $195, the strategy produces a robust and consistent equity curve.
Whether you’re seeking new ideas to diversify your portfolio or want to learn about the strategies we teach at Unger Academy®, don’t miss this video!
The Strategy of the Month contest is exclusively for Unger Academy® students, rewarding the participant who develops the best strategy using the Unger Method™. To learn more about the contest and how to participate, click here.
If you’re a One Year Target or AlgoTrader Fast student, remember you can access the open-source code of the winning strategy by joining the Unger Strategy Club! For more details, click here!
Enjoy! 😉
Introduction
Hello and welcome to this brand-new video! I'm one of the coaches at Unger Academy and today we’re going to be diving into the results of our Strategy of the Month contest for June.
We'll reveal the winning strategy, which you can already see here on the MultiCharts screen, and also check out two other standout strategies among the ones that you sent us.
As usual, we'll break down the operational insights behind these strategies and take a close look at their performances.
Remember, the Strategy of the Month contest is our monthly competition where the Unger Academy rewards the best strategies developed by our students using the Unger Method with 1,000 euro in Amazon gift cards.
I also remind you that if you want access to the open-source codes of these winning strategies, you can join the Unger Strategy Club. This service offers you the codes for the contest winning strategies as well as access to a monthly live Masterclass for advanced training on various topics, and monthly operational insights where we analyze our portfolio strategies to give you inspiration for your strategies.
But let's start and get to the strategies I want to share with you today.
Intraday Breakout Strategy for DAX
First up, we have an intraday breakout strategy on the DAX, sent in by our student Simone.
This strategy operates on a 15-minute timeframe during the typical DAX session, which is the one that goes from 8 AM to 10 PM.
This is a pretty straightforward strategy based on breaking the previous session's highs or lows.
The statistical edge of this strategy is a well-known one –what was added is an ADX filter and a unique pattern from our school.
In fact, four patterns are used, two for the long positions and two for the short positions.
Here's the equity curve, which is really impressive, almost at a perfect 45-degree angle, very consistent.
The overall metrics are great. We have a total gain of €220,000 from 2010 to now, but what's really notable is the very low drawdown, bringing the return on maximum drawdown to nearly 18.
With such a stable equity curve, it's obvious to expect the annual returns to be generally positive.
And indeed, they are all profitable. So, congrats again to Simone for the simplicity and effectiveness of this strategy!
Intraday Breakout Strategy for Nasdaq
Now, let's move on to the second strategy we’re going to see today. This is also an intraday breakout strategy, but on the Nasdaq futures.
It was sent in by our student Henry and operates on a 5-minute timeframe.
What’s intriguing about this strategy is that it uses different engines for long and short positions.
For long positions, it breaks the highs from two days ago, while for short positions, it uses Pivot Points.
The strategy is well-coded and, as always, supported by our proprietary patterns.
Let’s take a look at the metrics. As you can see, the strategy is extremely profitable across all years, especially since 2017.
As for the equity curve, well, it’s pretty outstanding, which is typical for this underlying asset.
Overall metrics show a gain of about $368,000 since 2010, and also in this case, we see a very limited drawdown that brings the return on maximum drawdown level to over 26.
The average trade value is also excellent and exceeds $250.
The short side is also quite profitable, though it operates less due to the underlying bullish tendency of the US stock indexes.
So, again, congrats to Henry.
Winner: Trend-Following Multiday Strategy for the Dow Jones
And now, let's talk about the winning strategy for June!
The strategy that won our contest was sent by our student Ismail and it’s a multiday trend-following strategy on Dow Jones futures with a 5-minute timeframe.
It's a fascinating strategy because it's not only highly effective but also has a unique time bias feature.
The strategy checks the market before the US session opens and before US news releases like unemployment and inflation data.
After this check, the markets open, and the strategy does a second check in the early afternoon, US time, to see where prices have moved.
If prices have risen above a certain level, indicating momentum, the strategy enters and rides the momentum, staying in position for up to a couple of days.
This strategy operates on a challenging underlying asset, unlike, for example, the Nasdaq futures.
Here are Ismail's results.
The strategy works only on the long side and produces a really very interesting equity curve.
It has gained $162,000 since 2010, with a very low drawdown, just over $8,000, bringing the return on maximum strategy drawdown close to a value of 20.
The average trade is about $195, and nearly all years are positive, especially in recent years.
So, congrats again to Ismail for the effectiveness and originality of this strategy.
Well I hope you found this video helpful!
Conclusion
If your goal is to develop strategies like the ones you've just seen today, you're in the right place.
At the Unger Academy, you can participate in this monthly contest exclusively for our students and win an Amazon voucher worth 1,000 euro.
Also remember that if you want the winning strategy codes, you can join the Unger Strategy Club. Evaluate yourself this service at ungerclub.com.
For any other questions or information, click the link in the description for a free presentation by Andrea Unger, the founder of the Unger Academy, or to receive our bestseller book "The Unger Method" by covering only the shipping costs.
You can also book a free call with one of our tutors for a free strategic consultation.
Thanks for watching. See you in the next video with more trading tips. Goodbye everyone!
We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.
I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems.
In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.
Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.
Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.
