“Nickelback” Leads The Daily Regime of Optimized Algorithms

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

As of today, Monday, November 4, 2019, the return from my trading performance since January 1 stands at +141.6 accumulated profit points vs the benchmark SPY’s performance of +35.9 points over the same period. On Friday my performance was lower +0.8 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 Friday, the SPY was up +2.8. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +0.6 points.

34 stocks traded yesterday: 30 long and 4 stocks traded short in the following sectors. 7/17 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 20 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 20 strategies selected today 14 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Nickelback 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 54.2 Breakdown Short Short
2 60.8 Breakout Long
3 59.5 Breakout Long Long
4 68.1 Buyers Stepping In Long
5 64.5 Close to a cross Long
6 62.5 Downward Dog Short
7 63.4 Downward Momentum Short
8 62.9 Float On Long
9 66.7 Got Dough Wants To Go Long
10 69.2 Nickelback Long
11 62.8 On Support Long
12 62.5 Power Hour Short Short
13 55 Pullback Long Long
14 51.2 Pullback Short Short
15 60.7 Pushing Through Resistance Long
16 64.2 Putting on the Breaks Short
17 60.4 Quarterback Long
18 65.4 The 5 Day Bounce Long
19 61 Volume Doesnt Lie Long
20 66.7 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