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Description: The SMA Crossover strategy for TQQQ is designed to capture momentum in tech stocks by using a crossover of the 20-day and 50-day Simple Moving Averages (SMA). This strategy aims to enter positions when the 20-day SMA crosses above the 50-day SMA, indicating a potential upward trend. Additionally, the strategy includes a take-profit mechanism to lock in gains when the price of TQQQ exceeds 1.1 times the 20-day SMA, ensuring that profits are realized without relying on stop losses. To manage risk and avoid going all-in at once, the strategy spaces out buys by ensuring at least one day has passed since the last buy order. This approach aligns with a bullish long-term outlook on tech stocks, allowing for gradual accumulation of positions while capturing upward momentum. JSON:
Description: The portfolio "GPT-o1-mini TQQQ" is designed to capitalize on the momentum of the ProShares UltraPro QQQ (TQQQ) stock, which is a 3x leveraged ETF tracking the NASDAQ-100 Index. The strategy involves two main components:
(Backtest) Backtest
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Click to see backtest details(Backtest) Backtest
Click to see backtest details