The Swing Trader ($6K per position): Volatility Balanced Strategy v.2 (TA) Robot outperformed the S&P Index by more than 5% in April.
The S&P 500 and Nasdaq Composite have had a challenging April, with both indices expected to close the month in the negative territory. The S&P 500 has declined 1.3% since the start of the month, making it the second negative month in the last three months. The Nasdaq Composite has been hit harder, losing 3% in April, making it its worst month so far in 2023. The Dow has had a lackluster performance, up by only 0.08% this month. On a positive note, the Swing Trader ($6K per position): Volatility Balanced Strategy v.2 (TA) Robot has outperformed the S&P Index by over 5% this month.
This robot is designed for traders who prefer a balanced trading strategy, opening no more than 20-30 trades at a time with an average trade duration of 1 day.
The robot's risk management strategy is based on a trading balance of $100,000 and a position size of $6,000 per trade, but traders can adjust their trading balance as needed, with the position size changing proportionally. For example, if the trading balance is lowered to $50,000, the position size will be automatically adjusted to $3,000.
To select tradable stocks, the robot considers high and medium volatility stocks, allowing traders to adjust the algorithm based on market activity.
Here's how the robot operates:
Step 1: The algorithm evaluates the short- and medium-term trend for each selected stock.
Step 2: Using a proprietary set of technical indicators, the robot looks for a signal to open a trade.
Step 3: Depending on the volatility and direction of both types of trends, a separate algorithm determines the position size to be opened.
Once a trade is entered, the robot places a "Take profit" order with the distance depending on the current market volatility. To exit a position, the robot uses a fixed stop loss of 3% of the opening price and a flexible trailing stop to maximize profits if the market reverses.
The robot's trading results are shown without using margin. For a more detailed analysis of the robot's performance, traders can click the "Show more" button on the robot page to view trading statistics and equity charts. In the "Open Trades" tab, users can observe the robot's paper trades in real-time, while the "Closed trades" tab provides a review of all previous trades executed by the robot.
It's also worth highlighting the stocks of Shopify (SHOP), which this robot has traded and earned almost 5% just this week.
Aroon Indicator for SHOP shows an upward move is likely
SHOP's Aroon Indicator triggered a bullish signal on September 05, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 265 similar instances where the Aroon Indicator showed a similar pattern. In of the 265 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
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an operator of eCommerce website that allows customers to sell online by providing software to create an online store
Industry PackagedSoftware