Trade Ideas Blog

“Nickelback” Leads 23 Algos, 14 Long: Holly Morning Huddle

Nov 12, 2018

“Nickelback” Leads The Daily Regime of Optimized Algorithms

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

As of today, Monday, November 12, 2018, the return from my trading performance since January 1 stands at +95.9 accumulated profit points vs the benchmark SPY’s performance of +10.5 points over the same period. On Friday my performance was lower -01.0 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 -2.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.2 points.

40 stocks traded yesterday: 10 long and 30 stocks traded short in the following sectors. 9/20 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 23 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 23 strategies selected today 14 are Long, bullish in outlook. 9 are Short, bearish in outlook. Ready for anything. The Wait for the Nickelback 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 69 Bon Shorty Short
2 64.9 Bullish Pullback Long
3 60 Bullish Trend Change Long
4 63 Buyers Stepping In Long
5 63 Downward Dog Short
6 60 Downward Momentum Short
7 59.5 Float On Long
8 63 Knocking on Resistance Short
9 60.3 Little Big Guy Long
10 69 Looking for Bounce Long
11 67.5 Mighty Mouse Long
12 76.7 Nickelback Long
13 61 Power Hour Long Long
14 62.1 Putting on the Breaks Short
15 69.4 Quarterback Long
16 62.5 Selling Strength Short
17 61.5 Slippery Slope Short
18 59.5 Strong Stock Pulling Back Long
19 59.9 Sunrise Mover Long
20 67.7 The 5 Day Bounce Long
21 64.6 Topping Formation Short
22 65.2 Trend Trend Play Short Short
23 62.3 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