Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)
Description:
This AI Robot is built exclusively for trend traders who embrace the art of manual trading and prioritize independent signal selection. With a track record of consistent trading predictions, it empowers traders to make informed choices that align with their individual preferences.
The core strength of this robot lies in its adeptness at capitalizing on uptrends for optimal gains, while strategically employing advanced hedging techniques to harness profitability during short-term market corrections.
The algorithm operates on a distinct, intricate approach that identifies potent price impulses across varying market conditions, considering volatility and historical price patterns. Upon pinpointing the situation with the highest probability of sustained price movement, the analysis shifts to the next phase: identifying the ideal entry point utilizing a proprietary set of indicators that evaluate both medium-term and short-term trends.
Our methodology accommodates both long and short positions, tailoring strategies to suit each scenario. For long positions, a pragmatic approach is implemented: a fixed take profit of 5% and a medium-term trailing stop are activated to ensure maximal gains during uptrends.
Conversely, for short positions, a distinct strategy is employed. Post-initiation, a fixed take profit of 3% is instituted, accompanied by a dynamically adaptive trailing stop contingent upon prevailing market volatility. This framework is meticulously calibrated to enable swift gains from short-term market fluctuations while maintaining a calculated risk profile.
In our trading endeavors, we opt for the most liquid and actively traded stocks within the dynamic US stock market. This judicious selection streamlines trade execution at desired entry points, alleviating concerns about spreads and liquidity. Additionally, our decision-making is informed by fundamental indicators, steering us clear of shares associated with subpar business quality, and consequently, minimizing exposure to potential risks like bankruptcy or delisting.
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 07.19.2023.
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