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The hypothesis: a sharp 1% drop often creates temporary selling pressure. Buying Micro Nasdaq at that point is basically buying fear and betting on mean reversion — that prices bounce once the panic fades. The point isn’t to guess from the chart; it’s to see whether the rule survives a real backtest. This is the simplest strategy in the tutorials: no indicators, no chart patterns — just one rule. If Micro Nasdaq closes 1% below yesterday’s close, buy it.
Past performance does not guarantee future results. Always test before you trade.

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The AskFutures new-chat screen

Describe the one rule

Paste this prompt exactly and send it:
Your prompt
Buy MNQ when 1 minute bar close is at least 1% below the previous day close
That’s the whole idea — one entry rule. Because this is a day-trading idea, AskFutures applies its defaults (last 1 year, 1-minute bars) and adds an end-of-day exit, so any open trade closes at the session close. It tells you what it assumed.

Watch the strategy card appear

AskFutures writes your sentence down as exact rules. The strategy card shows a single entry — a 1-minute close at least 1% below the previous day’s close — with no indicators attached, plus a Strategy Flow chart. See strategies for how the pieces fit.
The AskFutures strategy card for the buy-the-dip rule

Read the backtest

The backtest tab shows the equity curve and headline numbers — net P&L, win rate, and drawdown — over the last year, net of modeled slippage and commission. The real question: does buying the fear show any mean-reversion edge once the pressure fades? Read the equity curve, not just the bottom line. See run and read a backtest.
The backtest results for the buy-the-dip rule

Refine: morning only

Liquidity and emotional follow-through are often strongest near the open. Test whether the edge is concentrated in the morning by adding a time-of-day filter — send this:
Refine it
Only take the trade between 9:30 and 11:00 AM
AskFutures keeps the same one rule and adds the time filter as a new saved version. Compare the morning-only run against the all-day run: is the edge really concentrated near the open, or just spread thinner? See version and compare.
Comparing the dip-buy before and after the morning-only filter
These results are hypothetical and simulated — no real trades were placed. Because no order actually hit the market, results may under- or over-state live outcomes. Past performance, actual or simulated, does not guarantee future results. Always test before you trade.

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What you learned

You tested a complete idea with a single rule and no indicators, then asked a sharper question — is the edge in the morning? — with one more sentence. That’s the power of the loop: start as simple as one rule, then refine until the idea earns your trust.

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Next steps

Next tutorial: EMA cross with stop and target

Add an indicator entry and dollar-based risk controls.

Risk & trade management

Stops, targets, trailing stops, and end-of-day exits.