Simplistically, say that a gold ETF is down 2% below its 3 day moving average and you want to trigger a trade on a gold equity that is above its 3 day moving average.
Can anyone provide me with guidance on how to create this basic algo?
Thanks in advance!
Hey Drew,
This is a super simple algorithm that does what you've asked for, but after testing it a couple times, I don't think there's ever a time where one gold ETF is down 2% while the other gold ETF is up 2%. I would assume they have a pretty similar beta but feel free to play around with it, change the stocks around, and get back to me with any questions if you might have.
Seong
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