“Topping Formation” Leads The Daily Regime of Optimized Algorithms

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

As of today, Thursday, November 1, 2018, the return from my trading performance since January 1 stands at +86.5 accumulated profit points vs the benchmark SPY’s performance of +3.3 points over the same period. On Thursday my performance was higher +.2 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 Thursday, the SPY was up +2.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.7 points.

26 stocks traded yesterday: 25 long and 1 stocks traded short in the following sectors. 11/26 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 18 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 18 strategies selected today 10 are Long, bullish in outlook. 8 are Short, bearish in outlook. Ready for anything. The Topping Formation 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	69.6	Bon Shorty	Short
2	67.4	Bullish Pullback	Long
3	71.8	Close to a cross	Long
4	63	Downward Dog	Short
5	59.3	Downward Momentum	Short
6	60.4	Knocking on Resistance	Short
7	70	Mighty Mouse	Long
8	63.4	Nickelback	Long
9	60.5	On Support	Long
10	63.2	Pushing Through Resistance	Long
11	64.1	Putting on the Breaks	Short
12	68.6	Quarterback	Long
13	63.2	Selling Strength	Short
14	62.2	Slippery Slope	Short
15	60.7	Tailwind	Long
16	66.1	The 5 Day Bounce	Long
17	78.9	Topping Formation	Short
18	65.1	Yesterday Hammer Today Strength	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.

“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