Public trading strategy
EWQ Relative Value — France vs Germany Fiscal Spread Strategy
Created
Thesis
The global bond sell-off is hitting everyone, but France carries an extra problem of its own: a ballooning deficit and a budget fight that could bring down the government, which makes its bonds riskier than Germany's. In a rising-rate world, investors punish the country with the weakest fiscal story first. Pairing a short French bond position against a long German one isolates France's specific risk — you profit if the gap between French and German borrowing costs keeps widening, even if rates broadly stabilize.
Strategy approach
The global bond sell-off is hitting everyone, but France carries an extra problem of its own: a ballooning deficit and a budget fight that could bring down the government, which makes its bonds riskier than Germany's. In a rising-rate world, investors punish the country with the weakest fiscal story first. Pairing a short French bond position against a long German one isolates France's specific risk — you profit if the gap between French and German borrowing costs keeps widening, even if rates broadly stabilize. Decision analysis profile: value. Required dimensions: valuation_method, valuation_sensitivity, business_economics, cash_quality, balance_sheet_leverage, dilution_capital_allocation, moat, catalysts, counterevidence, invalidation.
Markets and timeframes
1D
Entry and exit at a glance
These are the named rules in the shared configuration. Review the full conditions below before using a strategy.
- Entry: France Relative Underperformance New-Low Short (EWQ@1d) (4 conditions)
- Entry: Germany Relative Strength New-High Long (EWG@1d) (3 conditions)
- Exit: Time Stop at 90 Bars (both) (1 condition)
- Exit: Invalidation: France Reclaims 20-Day Mean (EWQ@1d) (1 condition)
- Exit: Invalidation: Germany Loses 20-Day Mean (EWG@1d) (1 condition)
- Exit: Scale-Out: France Successive New Low (EWQ@1d) (1 condition)
- Exit: Scale-Out: Germany Successive New High (EWG@1d) (1 condition)
- Exit: Stop Loss at 2.0% (1 condition)
- Exit: Take Profit at 4.0% (1 condition)
Shared strategy rules
Rule configuration
{
"data_dependencies": [
{
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
{
"symbol": "STOCK:EWG",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "less_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "rsi",
"period": 14
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": 50
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_ewq",
"name": "France Relative Underperformance New-Low Short (EWQ@1d)",
"priority": 1,
"trade_symbol": "STOCK:EWQ"
},
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "less_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
}
],
"direction": "long",
"enabled": true,
"id": "entry_1_ewg",
"name": "Germany Relative Strength New-High Long (EWG@1d)",
"priority": 2,
"trade_symbol": "STOCK:EWG"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "holding_period_bars",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 90
}
}
],
"enabled": true,
"id": "exit_1_time",
"name": "Time Stop at 90 Bars (both)",
"priority": 90,
"purpose": "signal"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_2_ewq",
"name": "Invalidation: France Reclaims 20-Day Mean (EWQ@1d)",
"priority": 91,
"purpose": "signal",
"target_symbol": "STOCK:EWQ"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_3_ewg",
"name": "Invalidation: Germany Loses 20-Day Mean (EWG@1d)",
"priority": 92,
"purpose": "signal",
"target_symbol": "STOCK:EWG"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_4_ewq",
"name": "Scale-Out: France Successive New Low (EWQ@1d)",
"priority": 93,
"purpose": "take_profit",
"target_symbol": "STOCK:EWQ"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_5_ewg",
"name": "Scale-Out: Germany Successive New High (EWG@1d)",
"priority": 94,
"purpose": "take_profit",
"target_symbol": "STOCK:EWG"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "less_than_or_equal",
"right": {
"type": "constant",
"value": -2
}
}
],
"enabled": true,
"id": "exit_6",
"name": "Stop Loss at 2.0%",
"priority": 100,
"purpose": "stop_loss"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 4
}
}
],
"enabled": true,
"id": "exit_7",
"name": "Take Profit at 4.0%",
"priority": 100,
"purpose": "take_profit"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"fib_stop_ratio": 786,
"risk_percent": 2,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 2
}Indicator configuration
{
"indicators": [
{
"name": "rsi",
"period": 14
},
{
"name": "adx",
"period": 14
},
{
"fast": 12,
"name": "macd",
"signal": 9,
"slow": 26
},
{
"name": "sma",
"period": 50
},
{
"name": "rsi",
"period": 14
},
{
"name": "adx",
"period": 14
},
{
"fast": 12,
"name": "macd",
"signal": 9,
"slow": 26
},
{
"name": "sma",
"period": 50
}
]
}Parsed strategy
{
"data_dependencies": [
{
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
{
"symbol": "STOCK:EWG",
"timeframe": "1d"
}
],
"entry_rules": [
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "less_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "rsi",
"period": 14
},
"type": "indicator"
},
"operator": "less_than",
"right": {
"type": "constant",
"value": 50
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
}
],
"direction": "short",
"enabled": true,
"id": "entry_1_ewq",
"name": "France Relative Underperformance New-Low Short (EWQ@1d)",
"priority": 1,
"trade_symbol": "STOCK:EWQ"
},
{
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "greater_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
},
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "less_than",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 50
},
"type": "indicator"
}
}
],
"direction": "long",
"enabled": true,
"id": "entry_1_ewg",
"name": "Germany Relative Strength New-High Long (EWG@1d)",
"priority": 2,
"trade_symbol": "STOCK:EWG"
}
],
"exit_rules": [
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "holding_period_bars",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 90
}
}
],
"enabled": true,
"id": "exit_1_time",
"name": "Time Stop at 90 Bars (both)",
"priority": 90,
"purpose": "signal"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_2_ewq",
"name": "Invalidation: France Reclaims 20-Day Mean (EWQ@1d)",
"priority": 91,
"purpose": "signal",
"target_symbol": "STOCK:EWQ"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "sma",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_3_ewg",
"name": "Invalidation: Germany Loses 20-Day Mean (EWG@1d)",
"priority": 92,
"purpose": "signal",
"target_symbol": "STOCK:EWG"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_below",
"right": {
"chart_ref": {
"symbol": "STOCK:EWQ",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_4_ewq",
"name": "Scale-Out: France Successive New Low (EWQ@1d)",
"priority": 93,
"purpose": "take_profit",
"target_symbol": "STOCK:EWQ"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"field": "close",
"type": "price"
},
"operator": "crossed_above",
"right": {
"chart_ref": {
"symbol": "STOCK:EWG",
"timeframe": "1d"
},
"indicator": {
"name": "donchian",
"period": 20
},
"type": "indicator"
}
}
],
"enabled": true,
"id": "exit_5_ewg",
"name": "Scale-Out: Germany Successive New High (EWG@1d)",
"priority": 94,
"purpose": "take_profit",
"target_symbol": "STOCK:EWG"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "less_than_or_equal",
"right": {
"type": "constant",
"value": -2
}
}
],
"enabled": true,
"id": "exit_6",
"name": "Stop Loss at 2.0%",
"priority": 100,
"purpose": "stop_loss"
},
{
"applies_to": "both",
"conditions": [
{
"left": {
"field": "unrealized_pnl_percent",
"type": "position"
},
"operator": "greater_than_or_equal",
"right": {
"type": "constant",
"value": 4
}
}
],
"enabled": true,
"id": "exit_7",
"name": "Take Profit at 4.0%",
"priority": 100,
"purpose": "take_profit"
}
],
"position_sizing": {
"max_position_percent": 25,
"method": {
"fib_stop_ratio": 786,
"risk_percent": 2,
"type": "fixed_risk"
},
"min_position_value": 100
},
"trigger_timeframe": "1d",
"version": 2
}Strategy instructions
Trading agent generated from recommendation idea 'The global bond sell-off is hitting everyone, but France carries an extra problem of its own: a ballooning deficit and a budget fight that could bring down the government, which makes its bonds riskier than Germany's. In a rising-rate world, investors pun'. Thesis: The global bond sell-off is hitting everyone, but France carries an extra problem of its own: a ballooning deficit and a budget fight that could bring down the government, which makes its bonds riskier than Germany's. In a rising-rate world, investors punish the country with the weakest fiscal story first. Pairing a short French bond position against a long German one isolates France's specific risk — you profit if the gap between French and German borrowing costs keeps widening, even if rates broadly stabilize.
Performance
No trade count, win rate, or realized P&L figures are provided in this public preview. The thesis and shared rules do not establish a performance record.
What this public preview can establish
- The thesis and strategy approach describe a market view. They do not show whether an entry or exit condition is currently met.
- Technical strategy fields are shared above. Inspect the actual conditions and check when they were evaluated before relying on them.
- No trade count, win rate, or P&L figure is published in this preview. It cannot establish a performance record.
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