Swing Trader, Popular Stocks: Price Action Trading Strategy - Pro Version (TA&FA)
Description:
This AI Robot is built exclusively for active swing 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.
This specialized robot has been engineered with the primary purpose of identifying mid-term price momentum as it initiates either an upward or downward trend. It strategically leverages surges in market volatility to its advantage. In order to achieve more consistent and robust outcomes while mitigating risks, the algorithm meticulously assesses a wide array of shares to pinpoint optimal entry points. Consequently, this leads to a substantial volume of concurrent trades, thereby diminishing the reliance on the outcome of any single trade and enhancing overall trading resilience.
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.
After opening a trade, a fixed take profit of 3% is uniformly established for both long and short positions. Moreover, to enhance the accuracy of determining the point of a price reversal, a medium-term trailing stop is thoughtfully incorporated.
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.
Summary (265 days)
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