“On Support” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘On Support’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Monday, October 16, 2018, the return from my trading performance since January 1 stands at +80.1 accumulated profit points vs the benchmark SPY’s performance of +2.3 points over the same period. On Monday my performance was higher +.6 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 down -1.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.3 points.

48 stocks traded yesterday:  38 long and 10 stocks traded short in the following sectors. 17/48 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 19 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 19 strategies selected today 13 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The On Support 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	65.1	Breakout	Long
2	69.6	Bullish Pullback	Long
3	64.3	Bullish Trend Change	Long
4	65	Downward Dog	Short
5	63.5	Downward Momentum	Short
6	60.4	Knocking on Resistance	Short
7	59.8	Looking for Bounce	Long
8	59.4	Mighty Mouse	Long
9	76	On Support	Long
10	60	Power Hour Long	Long
11	61.7	Pushing Through Resistance	Long
12	74.1	Putting on the Breaks	Short
13	61.9	Quarterback	Long
14	61.3	Selling Strength	Short
15	65	Strong Stock Pulling Back	Long
16	62.2	Sunrise Mover	Long
17	62.6	Tailwind	Long
18	68.8	The 5 Day Bounce	Long
19	60	Trend Trend Play Short	Short

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.

“Inquire about sponsorship opportunities for this series at info@trade-ideas.com.”

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence