> ## Documentation Index
> Fetch the complete documentation index at: https://docs.askfutures.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Buy the dip (MNQ)
> A one-rule mean-reversion strategy on Micro Nasdaq — no indicators — then narrowed to the morning session.
**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.
## Build it
Open [askfutures.com](https://askfutures.com) and sign in. New here? Create
an account and start your free trial first — the
[quickstart](/get-started/quickstart) covers sign-up.
Paste this prompt exactly and send it:
```text Your prompt theme={null}
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.
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](/concepts/strategies) for how the pieces fit.
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](/guides/run-and-read-a-backtest).
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:
```text Refine it theme={null}
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](/guides/version-and-compare).
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.
## 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.
## Next steps
Add an indicator entry and dollar-based risk controls.
Stops, targets, trailing stops, and end-of-day exits.