“Putting on the Brakes” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘Putting on the Brakes’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

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As of today, Tuesday, August 20, 2019, the return from my trading performance since January 1 stands at +127.2 accumulated profit points vs the benchmark SPY’s performance of +23.9 points over the same period. On Monday my performance was lower -0.2 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 Monday, the SPY was up +3.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.5 points.

21 stocks traded yesterday: 19 long and 2 stocks traded short in the following sectors. 7/21 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 14 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 14 strategies selected today 8 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Putting on the Brakes 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 61.1 Bon Shorty Short
2 60 Breakout Long
3 72.7 Bullish Pullback Long
4 59.5 Downward Dog Short
5 62.2 Looking for Bounce Long
6 64.6 Mighty Mouse Long
7 67.7 Nickelback Long
8 73.1 Putting on the Brakes Short
9 70 Quarterback Long
10 60.5 Selling Strength Short
11 60.8 Strong Stock Pulling Back Long
12 65 Tailwind Long
13 66 Topping Formation Short
14 62.6 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