"Avoid Red News Events"
That reminds me of a common problem with back-testing - do we include news events or not? If we don't, then it's hard to filter news out of historical data. Then there's surprise news like sudden government policy changes. If you are looking for 5 or 10% edge, it could be hiding inside or outside of news events.
But I get that in this case you are extrapolating from your already winning strategy.
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