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BTFD - Is it really that good?

Somethings that tends to repeat itself in the backtrader community is that a

Back in Oct-16 the BTFD (aka "Buy the F.....g Dip") was made published at Dark Bid - Truth In Dark Markets - BTFD! One Chart Shows Why This Is The Only Strategy That Matters .

To add to its credibility it was actually republished one day later in ZeroHedge - BTFD! One Chart Shows Why This Is The Only Strategy That Matter .

And it is like the old adage: "If it is on TV ... it has to be true!", reformulated as: "If seen on ZeroHedge ... it has to be true!". The chart from BTFD:

Dark Bid - BTFD! One Chart Shows Why This Is The Only Strategy That Matters

From the chart:

  • "Buy The Close"
  • "When S&P Is Down At Least 1%"
  • "Hold For 2 Days"
  • "2x Leverage"

To verify the history up until then and how it has fared since then, the data of a matching ETF will be used:

I.e.: we'll check the entry condit