“Looking For Bounce” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘Looking For Bounce’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Friday, May 10, 2019, the return from my trading performance since January 1 stands at +118.6 accumulated profit points vs the benchmark SPY’s performance of +19.9 points over the same period. On Thursday my performance was higher +0.3 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 down -0.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.6 points.

33 stocks traded yesterday: 19 long and 14 stocks traded short in the following sectors. 6/33 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 11 are Long, bullish in outlook. 8 are Short, bearish in outlook. Ready for anything. The Looking For Bounce 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 71.8 Bon Shorty Short
2 70.3 Breakout Long
3 65.6 Buyers Stepping In Long
4 72.7 Downward Dog Short
5 65.7 Downward Momentum Short
6 62.2 Float On Long
7 64.5 Got Dough Wants To Go Long
8 77.2 Looking for Bounce Long
9 62.5 Mighty Mouse Long
10 61.8 Power Hour Short Short
11 64.3 Putting on the Breaks Short
12 59.5 Quarterback Long
13 61.7 Selling Strength Short
14 72.4 Slippery Slope Short
15 64.7 Strong Stock Pulling Back Long
16 63.9 Sunrise Mover Long
17 65.6 Tailwind Long
18 68.1 The 5 Day Bounce Long
19 76.3 Topping Formation 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

Get Our Trade Of The Week FREE!

Maybe you're a Trade Ideas subscriber. Maybe not. But we all like to get a trade idea!

Close this popup

Once a week we'll send a trade setup to your inbox, complete with a chart and how we identified it.

You'll learn how to spot more types of setups, and hopefully find one that helps your own trading.

Finding trades is what Trade Ideas users do multiple times every trading day. It doesn't matter if you trade once an hour, or once in a blue moon.

We'll help you spot and understand trade setups you want to jump on!

  • In your inbox weekly
  • Different types of setups each week
  • Full rationale and explanation of the setup
  • How you can spot the trade setup yourself