“Not A Double Bottom” Leads 8 Algos, 3 Short: Holly Morning Huddle

“Not A Double Bottom” Leads 8 Algos, 3 Short: Holly Morning Huddle

Jul 27, 2017

“Not A Double Bottom” Leads The Daily Regime of Optimized Algorithms

Good morning.  Not A Double Bottom, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Thursday, July 27, 2017, the return from my trading performance since January 1 stands at +62.0 accumulated profit points vs the benchmark SPY’s performance of +23.8 points over the same period. On Wednesday my performance was lower -0.8 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 Wednesday. the SPY was up +.01. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.9 points.

10 stocks traded yesterday: 10 long stocks traded in the following sectors. 1/2 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
FORD L Manufacturing Other Leather and Allied Product Manufacturing
SOL L Manufacturing All Other Chemical Product and Preparation Manufacturing
RTRX L Manufacturing Pharmaceutical and Medicine Manufacturing
TROW L Finance and Insurance Investment Advice
RDHL L Manufacturing Pharmaceutical and Medicine Manufacturing
SPLK L Information Software Publishers
DWCH L Information Software Publishers
CE L Manufacturing Other Basic Organic Chemical Manufacturing
MUR L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
DVN L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction

Today’s a new day and I am prepared for the market open with 13 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 5 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Not a Double Bottom strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 66.2 Breakout Long
2 70.1 Buyers Stepping In Long
3 73.7 Not a Double Bottom Short
4 62.3 On Support Long
5 68.9 Power Hour Long Long
6 67.3 Power Hour Short Short
7 65 Topping Formation Short
8 51.7 Wake Up Call Long

Have a great morning. See you in the markets!

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 @TradeIdeas.

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence