Holly Morning Huddle: “Wait for the 8”, Leads 8 Algos, 4 Short

Holly Morning Huddle: “Wait for the 8”, Leads 8 Algos, 4 Short

Nov 8, 2016

Good morning. Do not forget to vote! What does today have in store for the markets? How will react today and certainly tomorrow? Best to be prepared. Here’s how.


As of today, Tuesday, November 8, 2016, the return from my trading performance since January 1 stands at +99.1 accumulated profit points vs the benchmark SPY’s performance o+2.4 points over the same period. On Monday my performance nudged higher +0.42 points in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.) On Monday the SPY was up +4.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.34 points.


Today’s a new day and I am prepared for the market open with 8 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.



Of these 8 strategies selected today 4 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything on this momentous day. The Wait for the 8 strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 52.6 Alpha Predator Edge Long
2 68.1 Hey That’s My Bike Long
3 69.2 Knocking on Resistance Short
4 55.2 Pen Island Long
5 65.4 Power Hour Short Short
6 59.3 Quarterback Long
7 64.5 Topping Formation Short
8 77.8 Wait for the 8 Short

For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours. You can also follow me on social media at @TradeIdeasQuant.

Have a great morning. See you in the markets!
Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC

 

 

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