HOLLY: “On Support” Leads 14 Other Trade Ideas

HOLLY  |

“On Support” Leads The Daily Regime of Optimized Algorithms

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

As of today, Wednesday, October 3, 2018, the return from my trading performance since January 1 stands at +76.5 accumulated profit points vs the benchmark SPY’s performance of +19.5 points over the same period. On Tuesday my performance was higher +.2 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 Tuesday, the SPY was down -.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.6 points.

38 stocks traded yesterday: 30 long and 8 stocks traded short in the following sectors. 10/19 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 15 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 15 strategies selected today 9 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The On Support strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No.Win%StrategyL/S
166.2Bullish PullbackLong
263.4Buyers Stepping InLong
359.3Downward DogShort
471Downward MomentumShort
568.7Float OnLong
665Got Dough Wants To GoLong
759.8Looking for BounceLong
872.2On SupportLong
969.2Power Hour ShortShort
1068.8Putting on the BreaksShort
1163.2Selling StrengthShort
1271Sunrise MoverLong
1365.3TailwindLong
1463.9The 5 Day BounceLong
1565.4Topping FormationShort

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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