# Double 7's Strategy

A simple strategy that enters a long position when the close is above a 200-period EMA and the low is below the EMA for a specified number of periods, and exits when the high exceeds the EMA for a specified number of periods.

Canonical: https://prismaticalgos.com/compendium/algo/1103-double-7-s-strategy
Record ID: 1103
Catalog rank: 2562 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Unclassified (?)
Source: https://www.prorealcode.com/prorealtime-trading-strategies/double-7s-strategy/
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Build warnings: DAILY_LOW_COUNT: daily-or-slower timeframe on a single instrument. Expect well under 100 trades in five years, so a backtest will rarely reach statistical significance on its own.

## Recorded profile

- symbols: ETF Index
- timeframes: D1
- sessions: Not specified
- market_regime: trending|ranging|volatile|breakout|null

## Indicators

- EMA: {"period": 200}; applied to: close

## Recorded long-entry rules

- close > iMM
- low <= lowest[7](close)

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- high >= highest[7](close)

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: Not specified
- Take profit: Not specified
- Position sizing: n shares at market