The stock market was positive, with the S&P index rising by 1.35% to 4170 points, approaching local highs. The robots used a small correction to mainly increase positions and have already closed them out, such as the QuantumScape Corp stock with a 3.25% profit.
One noteworthy robot is the Swing Trader High Volatility Stocks for Active Trading TA-FA bySwing-Trader-High-Volatility-Stocks-for-Active-Trading-TA-FA. This AI robot is suitable for traders who prefer high-volatility stocks but want to avoid significant drawdowns during downtrends. The robot uses a pool of technical indicators to identify uptrend reversal points, balance short and long positions, and prevent long drawdowns.
The robot is for active traders who can monitor 40-50 trades simultaneously. The average transaction duration is one day, allowing users to make effective use of their capital without getting stuck in trades for extended periods. The robot uses a proprietary method to assess the strength and quality of momentum in the most active stocks in the US stock market, using a complex algorithm consisting of technical indicators processed using neural networks to determine the entry points to a position.
Once a trade is entered, the robot places a fixed "Take Profit" order at 3.5% of the position opening price. To exit a position, the robot uses a fixed stop loss at 3% of the position opening price and a flexible trailing stop that can help save most of the profit if the market reverses. The robot's trading results are shown without using margin.
Today is Friday, and we are expecting the Retail Sales report for March, with the market likely to move up smoothly. Good luck in trading!
QS moved above its 50-day moving average on July 11, 2024 date and that indicates a change from a downward trend to an upward trend. In of 25 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry AutoPartsOEM