Trade Ideas Blog

“Cuts Like a Knife” Leads 9 Algos, 2 Short: Holly Morning Huddle

Oct 6, 2017

“Cuts Like a Knife” Leads The Daily Regime of Optimized Algorithms

Good morning.  Cuts Like a Knife, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Friday, October 6, 2017, the return from my trading performance since January 1 stands at +87.5 accumulated profit points vs the benchmark SPY’s performance of +31.0 points over the same period. On Thursday my performance was lower -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 up +1.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.3 points.

13 stocks traded yesterday: 13 long stocks traded in the following sectors. 6/13 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
BEDU L Public Administration Administration of Education Programs
JEC L Professional, Scientific, and Technical Services Engineering Services
SWKS L Manufacturing Semiconductor and Other Electronic Component Manufacturing
FSLR L Manufacturing Semiconductor and Other Electronic Component Manufacturing
LOW L Retail Trade Home Centers
WDAY L Information Software Publishers
RXDX L Manufacturing Pharmaceutical and Medicine Manufacturing
ADI L Manufacturing Semiconductor and Other Electronic Component Manufacturing
TMST L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
CPSH L Manufacturing Pottery, Ceramics, and Plumbing Fixture Manufacturing
NBR L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
ESV L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
CMLS L Information Radio Broadcasting

Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 7 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Cuts Like a Knife strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 63.2 Breakout Long
2 60 Bullish Pullback Long
3 70 Cuts Like a Knife Short
4 69.4 Downward Dog Short
5 61.5 Early Bird Long
6 60 Little Big Guy Long
7 59.5 Staggering Upside Volume Long
8 63.9 Sunrise Mover Long
9 56 Waking Up 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.

“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