Day Trader, Popular Stocks ($1.4K per position): Long Bias Strategy (TA&FA)
Description:
This AI Robot is for traders who prefer to trade popular stocks with good liquidity and low spreads and are focused on taking mostly long positions. To avoid drawdowns during a downtrend, our team of quants has developed a pool of technical indicators with unique parameters, which allows the robot to detect uptrend reversal points in time.
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 $1400 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 $700.
To increase profitability and accuracy of opening and closing trades, the algorithm uses different approaches to long and short positions. After entering the long trade, the robot places a fixed order "Take profit" at the level of 3% and a fixed order "Stop Loss" at the level of 3% of the position opening price. After entering a short trade, the robot places fixed "Take Profit" order at the level of 6% 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 robot is most suitable for active traders who have enough time to track 50-60 trades at the same time. The average duration of a trade is 1-2 days, which makes following the signals of this robot simple and affordable for beginner traders.
To select stocks, the robot uses a new proprietary method developed by our team of quants to assess the strength and quality of the momentum of the most active stocks in the US stock market. Further, a complex algorithm consisting of a pool of technical indicators determines the entry points to the position. The algorithm pays special attention to the balance of short and long positions, which allows the robot to be resistant to changes in the main market trend.
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 03.01.2023.
Summary (365 days)
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