[New AI Robot!] Swing Trader, Popular Stocks Long Bias Strategy (TA&FA)
This AI robot is designed for traders who prefer to trade popular stocks with good liquidity and low spreads and are focused on taking mostly long positions. The robot is equipped with a pool of technical indicators with unique parameters that allow it to detect uptrend reversal points in time and avoid drawdowns during a downtrend.
To increase profitability and accuracy of opening and closing trades, the algorithm uses different approaches to long and short positions. When entering a long trade, the robot places a fixed "Take Profit" order at the level of 4% and a fixed "Stop Loss" order at the level of 3% of the position opening price. On the other hand, when entering a short trade, the robot places a fixed "Take Profit" order at the level of 3% of the position opening price and a flexible trailing stop, which allows the robot to keep most of the profit in case of a market reversal.
This AI robot is most suitable for active traders who have enough time to track 40-50 trades simultaneously. The average trade duration is 3-4 days, which makes following the signals of this robot simple and affordable for beginner traders.
The robot selects stocks using a proprietary method developed by the team of quants to assess the strength and quality of the momentum of the most active stocks in the US stock market. The algorithm then uses a pool of technical indicators to determine the entry points to the position. The algorithm also pays special attention to the balance of short and long positions, making the robot resistant to changes in the main market trend.
The trading results of the robot are displayed without using a margin. To see the full trading statistics and equity chart, users can click on the "show more" button on the robot page. In the "Open Trades" tab, users can see live how the AI robot selects equities, enters, and exits in paper trades. In the "Closed trades" tab, users can review all previous trades made by the AI Robot.
Click to view all statistics and closed trades!
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