Trade Ideas Blog

“Quarterback” Leads 21 Algos, 13 Long: Holly Morning Huddle

Nov 7, 2018

“Quarterback” Leads The Daily Regime of Optimized Algorithms

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

As of today, Wednesday, November 7, 2018, the return from my trading performance since January 1 stands at +92.7 accumulated profit points vs the benchmark SPY’s performance of +7.8 points over the same period. On Tuesday 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 up +1.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.2 points.

54 stocks traded yesterday: 40 long and 14 stocks traded short in the following sectors. 7/27 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 21 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 21 strategies selected today 13 are Long, bullish in outlook. 8 are Short, bearish in outlook. Ready for anything. The Quarterback 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 63 Bon Shorty Short
2 60.7 Bullish Pullback Long
3 59.5 Bullish Trend Change Long
4 71.9 Buyers Stepping In Long
5 70.5 Count De Monet Long
6 68.6 Downward Dog Short
7 64 Downward Momentum Short
8 60.3 Knocking on Resistance Short
9 68.2 Little Big Guy Long
10 60 Mighty Mouse Long
11 65.9 Nickelback Long
12 63.2 On Support Long
13 64.9 Power Hour Long Long
14 68.6 Putting on the Breaks Short
15 77.3 Quarterback Long
16 68.8 Selling Strength Short
17 68.1 Slippery Slope Short
18 59.8 Sunrise Mover Long
19 68.8 Tailwind Long
20 63.9 Topping Formation Short
21 62.1 Volume Doesnt Lie 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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Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence