Strategy description

Our trading strategy focuses on SOXX, an ETF that tracks the performance of the semiconductor sector. By concentrating on SOXX, we leverage opportunities in a dynamic and high-growth industry.

This specific focus allows us to develop a deep understanding of SOXX’s unique trends, movements, and volatility patterns, enabling precise and informed trading decisions.

The strategy identifies opportunities to trade SOXX on Mondays or Tuesdays under specific market conditions. We carefully monitor the Internal Bar Strength (IBS) indicator to pinpoint periods when SOXX is oversold, signaling a potential buying opportunity. Additionally, trades may occur following two consecutive down days, capitalizing on short-term market corrections. This disciplined approach increases the likelihood of entering the market at favorable levels, enhancing the potential for gains while mitigating risks associated with unfavorable entry points.

Our exit strategy is equally calculated, leveraging the IBS indicator to signal overbought conditions. When these conditions are met, we strategically exit positions, locking in profits and avoiding exposure to potential downturns. This systematic approach ensures our strategy remains both disciplined and data-driven, optimizing gains and managing risks effectively.