Oct 16, 2018

“On Support” Leads 19 Algos, 13 Long: Holly Morning Huddle

Written by Katie Gomez

“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, October 16, 2018, the return from my trading performance since January 1 stands at +80.1 accumulated profit points vs the benchmark SPY’s performance of +2.3 points over the same period. On Monday my performance was higher +.6 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 down -1.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.3 points.

48 stocks traded yesterday:  38 long and 10 stocks traded short in the following sectors. 17/48 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 19 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 19 strategies selected today 13 are Long, bullish in outlook. 6 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. Test Win% Strategy L/S
1 65.1 Breakout Long
2 69.6 Bullish Pullback Long
3 64.3 Bullish Trend Change Long
4 65 Downward Dog Short
5 63.5 Downward Momentum Short
6 60.4 Knocking on Resistance Short
7 59.8 Looking for Bounce Long
8 59.4 Mighty Mouse Long
9 76 On Support Long
10 60 Power Hour Long Long
11 61.7 Pushing Through Resistance Long
12 74.1 Putting on the Breaks Short
13 61.9 Quarterback Long
14 61.3 Selling Strength Short
15 65 Strong Stock Pulling Back Long
16 62.2 Sunrise Mover Long
17 62.6 Tailwind Long
18 68.8 The 5 Day Bounce Long
19 60 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,


Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence