Liquidity-Driven Volume Ranking Strategy Tests 7000-Stock Universe with Next-Day Buy-and-Sell Approach

Universe Parameters

The back-test will use all U.S. listed common stocks . This broad selection ensures the strategy is tested across a diverse cross-section of equities, including both liquid and niche instruments.

Entry/Exit Convention

The strategy will employ the "buy next-day open, sell same-day close" approach. This is standard for "hold 1 day" back-tests and avoids lookahead bias by adhering to a clear temporal sequence for execution.

Risk Controls

No additional risk controls (e.g., stop-loss, take-profit, or drawdown limits) will be applied. The test will evaluate the pure volume-ranking strategy without external constraints, isolating the impact of liquidity-driven signals.

Proceeding with the above defaults. If adjustments are required, please specify.