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Symphonies
oversold condition SOXL
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Sits in cash-like T‑Bills until both semiconductors (SOXL) and the broader tech market (QQQ) look severely sold off by a 10‑day RSI. Only then moves 100% into the 3x semiconductor fund to try to catch a bounce; otherwise stays in BIL.
NutHow it works
Plain English: RSI is a 0–100 gauge of recent price speed; near 30 means a sharp selloff. Tickers: SOXL = 3x semiconductor stocks (very risky). QQQ = Nasdaq‑100 (big tech). BIL = short‑term T‑Bills (cash‑like). Each day: If 10‑day RSI of SOXL < 29 AND QQQ < 32, put 100% in SOXL. Otherwise keep 100% in BIL. Recheck daily and switch as needed.
CheckmarkValue prop
Out-of-sample: higher upside than the S&P—32.44% vs 24.75%—with cash buffers and a Calmar ~1.17. Strong risk-adjusted return, but expect larger drawdowns in stressed markets.

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Invest in this strategy
OOS Start Date
Aug 5, 2024
Trading Setting
Daily
Type
Stocks
Category
Mean reversion, rsi, leveraged etfs, semiconductors, tactical, market timing, cash/t-bills
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"oversold condition SOXL" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"oversold condition SOXL" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "oversold condition SOXL" has returned 32.44%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "oversold condition SOXL" is 27.70%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "oversold condition SOXL", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, crypto, and options.