Trade Ideas Blog

“Slippery Slope” Leads 20 Algos, 7 Short: Holly Morning Huddle

Oct 25, 2018

“Slippery Slope” Leads The Daily Regime of Optimized Algorithms

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

As of today, Thursday, October 25, 2018, the return from my trading performance since January 1 stands at +84.0 accumulated profit points vs the benchmark SPY’s performance of -6.7 points over the same period. On Wednesday 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 Wednesday, the SPY was down -8.3. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.6 points.

26 stocks traded yesterday: 17 long and 9 stocks traded short in the following sectors. 11/26 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 13 are Long, bullish in outlook. 7 are Short, bearish in outlook. Ready for anything. The Slippery Slope 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 60 Bon Shorty Short
2 70.2 Breakout Long
3 68.1 Bullish Pullback Long
4 67.3 Bullish Trend Change Long
5 63.4 Cuts Like a Knife Short
6 61 Downward Dog Short
7 59.1 Float On Long
8 66.1 Knocking on Resistance Short
9 65 Little Big Guy Long
10 69.4 Looking for Bounce Long
11 63.2 Mighty Mouse Long
12 62.7 Nickelback Long
13 63 Power Hour Short Short
14 69.6 Pushing Through Resistance Long
15 65.1 Putting on the Breaks Short
16 72.2 Slippery Slope Short
17 68.4 Strong Stock Pulling Back Long
18 59.9 Sunrise Mover Long
19 60 Tailwind Long
20 66.2 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.

“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