“Putting on the Breaks” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Putting on the Breaks’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Thursday, October 4, 2018, the return from my trading performance since January 1 stands at +78.1 accumulated profit points vs the benchmark SPY’s performance of +19.7 points over the same period. On Wednesday my performance was higher +1.6 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 +.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +4.7 points.
50 stocks traded yesterday: 40 long and 10 stocks traded short in the following sectors. 23/50 were in the Manufacturing sector.
Today’s a new day and I am prepared for the market open with 16 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 16 strategies selected today 10 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Putting on the Breaks strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||64.5||Buyers Stepping In||Long|
|5||59.2||Got Dough Wants To Go||Long|
|6||72.7||Little Big Guy||Long|
|8||67.6||Power Hour Short||Short|
|9||62.7||Pushing Through Resistance||Long|
|10||80.5||Putting on the Breaks||Short|
|13||60.3||Strong Stock Pulling Back||Long|
Have a great morning. See you in the markets!