Description:
A Gap Trader generates trades for stocks based on the gap between a stock and its own highly correlated group, which could occur not only at the opening but also during a trading session.
This Gap Trader looks for gaps every 15 minutes for stocks with the following settings: The size of the gap is more than 6%, Scanning 149 stocks which have a price from $20 to $50 at the time of the release. The positions are both long and short, time frame 1 day, stop loss is the same as profit coefficients and equals to 4%. This algorithm has no additional filters.
The robot's trading results are shown without using margin. Every minute, AI Robot scans the stocks (149) listed in the field “Customized”. A user can adjust the stocks selected and see changes in the expected number of trades per day and/or other statistics.
In the tab “Open Trades”, a user can see live how AI Robot selects equities, and enters and exits in paper trades
In the tab, “Closed trades”, a user can review all previous trades made by AI Robot and analyze all statistics, such as maximum number of trades, sharper ratio, average winners and losers, etc.
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 07.22.2020