“Float On” Leads The Daily Regime of Optimized Algorithms

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

As of today, Thursday, January 31, 2019, the return from my trading performance since January 1 stands at +108.5 accumulated profit points vs the benchmark SPY’s performance of +.3 points over the same period. On Wednesday my performance was higher +.5 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 +4.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.0 points.

37 stocks traded yesterday: 28 long and 9 stocks traded short in the following sectors. 13/37 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 15 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 15 strategies selected today 10 are Long, bullish in outlook. 5 are Short, bearish in outlook. Ready for anything. The Float On 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 62.4 Bon Shorty Short
2 62.7 Breakout Long
3 60.2 Downward Dog Short
4 76.7 Float On Long
5 66.3 Got Dough Wants To Go Long
6 61.3 Little Big Guy Long
7 61.5 Looking for Bounce Long
8 61 Mighty Mouse Long
9 70.3 Putting on the Breaks Short
10 63.1 Quarterback Long
11 62.5 Slippery Slope Short
12 60.8 Tailwind Long
13 66 Trend Trend Play Long
14 59.7 Trend Trend Play Short Short
15 65.7 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.

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Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence