I came across this article in Marketwatch last week, but cannot make much sense of it. Can someone translate it to simpler english so we can try to replicate it using code.
Hedge fund claims to have made 108% using this strategy. Lets collaborate and replicate.
Of course that's not enough info to replicate the strategy, he'd be a fool to disclose it fully, it's a fluff piece. But IF he's telling the truth it would go somethign like this:
1) Pick a 3x leveraged ETF paired with with its inverse, X and Y
2) Determine if X or Y is going up and buy the right one. (lets say X for now)
3) When X hits resistance? or takes a dip buy Y and make some profit on the way down
4) When X hits support rebuy X with a lower cost basis and repeat the process.
You might as well say buy low and sell high. He never defines how he determines support/resistance or determines the general direction of the market
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