Swing Trader, Popular Stocks ($4K per position): Search for Trend Reversals (TA&FA)
Description:
This AI Robot is for swing traders who prefer to trade the most active stocks with good liquidity and low spreads. The main idea of the algorithm is to search for trend reversal points at the moment when the medium-term and short-term trends begin to move in the same direction.
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 $4000 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 $2000.
This robot is most suitable for active traders who have enough time to track 30-40 trades at the same time. The average trade duration is 3 days, which allows our users to comfortably track a large number of open positions.
To create a list of traded stocks, we evaluated several parameters such as the dynamics of trading volume, good fundamentals, and high intraday liquidity. Only in the case when the direction of the trend for all time periods clearly coincides, the algorithm starts looking for a point to enter the position using a pool of technical indicators processed using neural networks. If most of the technical indicators generate a signal in the same direction as the trends move, it gives a signal to open a position.
After entering the trade, the AI Robot places a fixed order "Take profit" at the level of 3% of the position opening price. To exit a position, the robot uses 2 options: a fixed stop loss of 3% of the position opening price and a flexible trailing stop that allows you to save most of the profit if the market reverses.
The robot's trading results are shown without using a margin. For a full trading statistics and equity chart, click on the "Show more" button on the robot page. In the tab “Open Trades”, a user can see live how the AI Robot selects equities, enters, and exits in paper trades. In the tab “Closed trades”, a user can review all previous trades made by the AI 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 (40 days)
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