“Breakout” Leads The Daily Regime of Optimized Algorithms
Good morning. Breakout, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Tuesday, August 1, 2017, the return from my trading performance since January 1 stands at +62.3 accumulated profit points vs the benchmark SPY’s performance of +23.2 points over the same period. On Monday my performance was higher +.1 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 -.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.8 points.
13 stocks traded yesterday: 11 long and 2 stocks traded short in the following sectors. 5/13 were in the Manufacturing sector.
|CAB||S||Retail Trade||Sporting Goods Stores|
|MMYT||S||Administrative and Support and Waste Management and Remediation Services||Travel Agencies|
|IRM||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|CNA||L||Finance and Insurance||Direct Insurance (except Life, Health, and Medical) Carriers|
|ARCH||L||Mining, Quarrying, and Oil and Gas Extraction||Coal Mining|
|PKG||L||Manufacturing||Paperboard Container Manufacturing|
|ECL||L||Manufacturing||Soap and Cleaning Compound Manufacturing|
|RDUS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CE||L||Manufacturing||Other Basic Organic Chemical Manufacturing|
|MNK||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|RENN||L||Arts, Entertainment, and Recreation||All Other Amusement and Recreation Industries|
|CVS||L||Health Care and Social Assistance||Offices of All Other Health Practitioners|
|SBUX||L||Accommodation and Food Services|
Today’s a new day and I am prepared for the market open with 10 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 10 strategies selected today 8 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Breakout strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|3||62.2||Count De Monet||Long|
|6||76.2||Knocking on Resistance||Short|
|7||63.5||Looking for Bounce||Long|
|10||50.9||Wake Up Call||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.
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence