‘Topping Formation’ Strategy Again Leads the Daily Regime of Optimized Algorithms
Good morning. Topping Formation today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Monday, April 3, 2017, the return from my trading performance since January 1 stands at +27.5 accumulated profit points vs the benchmark SPY’s performance of +12.2 points over the same period. On Friday, my performance was higher +.85 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 -.55. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.39 points.
19 stocks traded yesterday: 17 long and 2 stocks traded short in the following sectors. 9/19 were in the Manufacturing sector.
Today’s a new day and I am prepared for the market open with 13 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 13 strategies selected today 9 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Topping Formation strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos: