“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, July 8, 2019, the return from my trading performance since January 1 stands at +124.4 accumulated profit points vs the benchmark SPY’s performance of +30.0 points over the same period. On Wednesday my performance was lower -0.9 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 +2.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.7 points.

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 12 are Long, bullish in outlook. 3 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.	Win%	Strategy	L/S
1	62.2	Close to a cross	Long
2	59.5	Float On	Long
3	59.3	Knocking on Resistance	Short
4	62.4	Looking for Bounce	Long
5	72.5	Mighty Mouse	Long
6	59.3	Nickelback	Long
7	75	On Support	Long
8	63.2	Quarterback	Long
9	65.1	Selling Strength	Short
10	63.5	Strong Stock Pulling Back	Long
11	71.1	Sunrise Mover	Long
12	64.8	Tailwind	Long
13	63.6	Topping Formation	Short
14	60.4	Trend Trend Play	Long
15	65.5	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