This algorithm is slightly modified compared to the update 3 post. Since the beta version of the TWS API contains better filters, I’m now using those instead of basic volume/market cap filters. I’ll try to upload them to YouTube, but if it’s anything like last time it’s just boring trades that get stopped out.
Wins: 2 100.00%
Losses: 0 0.00%
Break Even: 1 0.00%
Wins + BE: 3 100.00%
Break even trades mean the stock went up at least 15c over the entry and it moved the stop to break even.
Week 1 - 11/1/2018
Three trades today. Two wins and one break even trade. There may have been trades prior to these but this is when I got the scans and algo setup correctly.
Forgot to add this Greek shipping stock to the ignore list.
Break even. Spreads were really bad on this one. Almost hit the target before getting stopped out.
No trades. Yesterday was crazy and now Friday is pretty boring. I had some issues with my TWS layout around 11:30 so it was not watching for about 30 minutes.
Basically nothing moving today. Market is pretty dead. Could be the upcoming election or the tarrifs.
It tried to take $GALT but it wouldn’t have gotten filled at 5.78, so I moved the order up. Tiny move to 5.89 then it started to dump. I’m not counting this one because the spreads would have made it cancel the order.
No trades. Hopefully something happens tomorrow after the election results are in.
There were a few things moving finally but nothing crazy. $SEND made a huge move on earnings but I looked at the daily and didn’t see big volume while it was flagging. I backtested it and it won but no trades because the market cap is 1.6B (scan limit is 750M). No trades.
I was messing with the scans for a few hours so it made a bad trade on $SGMS which is not a low market cap. I then got the scans dialed in better and it traded $LCI for a win. I should probably start the test over with the new filters. I think IB removed the “shares outstanding” scan because it’s not there anymore in the parameters. I wish they had a float filter because that would narrow it down significantly.
This one actually hit the non-weak market target, but I moved it down not expecting it to run that much.
No trades. Very boring day. It wasn’t even watching any stocks until 10:00 AM because everything sold off.
Weak again. I really needed to dip buy $AMD at $19.00 so I logged into my live account and put some orders out. Algo was watching like 8 stocks by 10:30 so I doubt there was anything happening today.
It’s just getting boring now so I’m running it on my live account but as read-only so it logs the trades but won’t be able to place them. I need to be able to make trades if I see something good instead of just paper trading it. I sold my small $AMD position today since it got a $1 run and I didn’t want to bag hold if it dumped. I have an order to rebuy at $19 again.
Tried to take a trade on $SWCH but no fill. Order was canceled.
Finally a trade and it somewhat worked. Unfortunately, it was $NBEV so it usually stuffs. Small move up to $4.50 then it dumped and got out break even. I’m adding a whole/half dollar top check because things like that happen often. Any human watching it could determine there was going to be resistance there or by looking at the level 2. I saw a higher number of sellers, then a bunch of sellers came in a penny below once it tapped it.
I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.
Please remember that past performance may not be indicative of future results.