Trade Ideas Blog
“Putting on the Breaks” Leads 11 Algos, 4 Short: Holly Morning Huddle
Nov 6, 2017
“Putting on the Breaks” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Putting on the Breaks,” today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Monday, November 6, 2017, the return from my trading performance since January 1 stands at +92.5 accumulated profit points vs the benchmark SPY’s performance of +34.8 points over the same period. On Friday my performance was higher +.4 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 +.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.7 points.
15 stocks traded yesterday: 15 long stocks traded in the following sectors. 6/15 were in the Manufacturing sector.
|ADXS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|FRAN||L||Retail Trade||Clothing Accessories Stores|
|VBIV||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|ELGX||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|EVH||L||Health Care and Social Assistance||All Other Ambulatory Health Care Services|
|DEPO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|HZNP||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CRCM||L||Information||Internet Publishing and Broadcasting and Web Search Portals|
|ESTE||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|OTEX||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|IGC||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|PNM||L||Utilities||Electric Power Transmission, Control, and Distribution|
Today’s a new day and I am prepared for the market open with 11 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 11 strategies selected today 7 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Putting on the Breaks strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|5||62.5||Looking for Bounce||Long|
|7||78.8||Putting on the Breaks||Short|
|8||57.4||Shot Through the Heart||Short|
|11||66.4||Wake Up Call||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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Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence