Trade Ideas Blog

“Bullish Pullback” Leads 20 Algos, 12 Long: Holly Morning Huddle

Nov 2, 2018

“Bullish Pullback” Leads The Daily Regime of Optimized Algorithms

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

As of today, Friday, November 2, 2018, the return from my trading performance since January 1 stands at +87.6 accumulated profit points vs the benchmark SPY’s performance of +6.2 points over the same period. On Thursday my performance was higher +1.1 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 +2.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.4 points.

55 stocks traded yesterday: 41 long and 14 stocks traded short in the following sectors. 22/55 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 12 are Long, bullish in outlook. 8 are Short, bearish in outlook. Ready for anything. The Bullish Pullback strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 67.6 Bon Shorty Short
2 69.2 Breakout Long
3 75 Bullish Pullback Long
4 66 Buyers Stepping In Long
5 66.7 Cuts Like a Knife Short
6 61.3 Downward Dog Short
7 66.7 Downward Momentum Short
8 62.5 Float On Long
9 61.1 Knocking on Resistance Short
10 62.4 Little Big Guy Long
11 69 Nickelback Long
12 68.8 On Support Long
13 60 Putting on the Breaks Short
14 72 Quarterback Long
15 62.1 Slippery Slope Short
16 63 Sunrise Mover Long
17 73.3 Tailwind Long
18 60.6 The 5 Day Bounce Long
19 66 Topping Formation Short
20 61.4 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