Oct 29, 2018

“Float On” Leads 22 Algos, 13 Long: Holly Morning Huddle

Written by Katie Gomez

“Float On” Leads The Daily Regime of Optimized Algorithms

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

As of today, Monday, October 29, 2018, the return from my trading performance since January 1 stands at +84.3 accumulated profit points vs the benchmark SPY’s performance of +.3  points over the same period. On Friday my performance was flat 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 +4.8. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.

26 stocks traded yesterday: 18 long and 8 stocks traded short in the following sectors. 3/13 were in the Mining, Quarrying, and Oil and Gas Extraction sector.

Today’s a new day and I am prepared for the market open with 22 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 22 strategies selected today 13 are Long, bullish in outlook. 9 are Short, bearish in outlook. Ready for anything. The Float On 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 59.1 Bon Shorty Short
2 61.6 Breakout Long
3 60.5 Bullish Pullback Long
4 63.3 Bullish Trend Change Long
5 68.6 Buyers Stepping In Long
6 59.3 Downward Dog Short
7 60.4 Downward Momentum Short
8 61 Engulf Long
9 80 Float On Long
10 63.8 Knocking on Resistance Short
11 62.2 Little Big Guy Long
12 66.2 Looking for Bounce Long
13 66 Nickelback Long
14 71.1 On Support Long
15 59.6 Power Hour Short Short
16 68.4 Quarterback Long
17 66.7 Selling Strength Short
18 63.8 Slippery Slope Short
19 62.3 Sunrise Mover Long
20 62 The 5 Day Bounce Long
21 60.3 Topping Formation Short
22 62.9 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