Strategies / S66
Open Interest Washout
Buy when open contracts drop 5% in four hours and price fell with them: leverage has just been cleared.
Results
| Market class | Return | Holding | Sharpe | Max DD | Win rate | Trades |
|---|---|---|---|---|---|---|
| Crypto, 1h | -6.2% | -29.1% | -0.53 | -12.0% | 42.6% | 371 |
The exact rule
- Go long when 4-bar rate of change is below -5 and 4-bar rate of change is below 0.
- Stop: 3 ATR(14) from entry.
- Target: 2 times the risk.
- Leave after 24 bars at most.
- Declared timeframe: 1h.
Explain it with Ask AI (Premium, on a desktop)
Runs on MarginPad data. This rule reads our hourly open interest, which TradingView cannot see, so it has no Pine or Python file and no live lab. The sample is short: months, not years.
Related strategies
Crowded Longs FadeShort when funding is two deviations above its own recent mean. The crowd is paying up to stay long.Crowded Shorts FadeLong when funding is two deviations below its own recent mean. Shorts are paying to stay in.Paid To Hold The TrendLong above the 200 SMA while funding is negative, so longs collect instead of paying.
Research, not advice. Past results do not predict future ones. Results run to 2026-10-31.