Trend Trader ($1.5K per position): Popular Stocks (TA&FA)
Description:
This AI robot has been designed to assist traders who prefer trading highly active stocks with good liquidity and low spreads. The robot comes with a basic risk management strategy, which has been developed for a trading balance of $100,000 and a position size of $1,500 per trade. However, traders have the flexibility to adjust their trading balance as per their requirements, and as a result, the position size will change proportionally. For instance, if the trading balance is adjusted to $50,000, the position size will automatically adjust to $750.
This AI Robot is for active traders who have the time and capability to monitor 40-50 trades simultaneously, with an average trade duration of 3 days. The robot employs a unique method developed by our quant team to analyze trends across multiple time frames and identify effective trend reversal points for entering a position.
To determine a list of tradable stocks, the robot considers several parameters such as trading volume dynamics, strong fundamentals, and high intraday liquidity. The robot assesses the market trend by evaluating the strength and quality of price momentum over different time periods using a proprietary method developed by its team of quants. The algorithm only enters a position if the trend direction is consistent across all time frames and then uses a pool of technical indicators processed by neural networks to identify entry points.
Once a trade is entered, the robot places a fixed "Take profit" order at 6% of the position opening price. To exit a position, the robot uses both a fixed stop loss at 3% of the opening price and a flexible trailing stop to maximize profits if the market reverses.
The robot's trading statistics do not include margin usage. For a more detailed analysis of the robot's performance, users can access 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.
Disclaimer. The presented paper traded results (annualized returns, % wins/loss, and other statistics) are achieved by the application of the backtested and forward tested models. The past backtested and forward tested performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance. Forward testing started on 03.14.2023.
Summary (365 days)
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