Trade Ideas Blog

“Nickelback” Leads 17 Algos, 8 Long: Holly Morning Huddle

Dec 10, 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, December 10, 2018, the return from my trading performance since January 1 stands at +100.1 accumulated profit points vs the benchmark SPY’s performance of -3.7 points over the same period. On Friday my performance was higher +.9 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 down -6.3. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.6 points.

27 stocks traded yesterday: 12 long and 15 stocks traded short in the following sectors. 10/27 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 17 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 17 strategies selected today 8 are Long, bullish in outlook. 9 are Short, bearish in outlook. Ready for anything. 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 62.8 Breakout Long
2 64 Close to a cross Long
3 64.3 Cuts Like a Knife Short
4 60.3 Downward Dog Short
5 64.8 Downward Momentum Short
6 72.3 Knocking on Resistance Short
7 74.4 Nickelback Long
8 65.6 On Support Long
9 68.6 Power Hour Long Long
10 69.4 Putting on the Breaks Short
11 67.3 Selling Strength Short
12 61.3 Slippery Slope Short
13 59.1 Strong Stock Pulling Back Long
14 59.4 Sunrise Mover Long
15 70.4 Tailwind Long
16 65 Topping Formation Short
17 64 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.

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Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence