In the video we review stock chart $ALLK / NASDAQ (Allakos) with the algorithmic trading signals from UltraAlgo. Reviewing the 15 minute chart, the script delivered 7.61 profit factor with a profitability of 81.25%. This was executed over 16 trades with a net profit of $2050 and drawdown of $180. Our algorithm processes a combination of optimization functions. This includes the ability to backtest thousands of input combinations along with various optimization algorithms to identify either the most profitable trading signals or the configuration with the best profit factor.
The most important for a day trader is to follow a strategy consistently. In our videos series, we cover various day trading strategies, focus on improving your overall performance. Our algorithm is designed to simplify the processing of identifying patterns, allowing traders to identify opportunities to buy and short various securities. UltraAlgo delivers clear buy and short signals on any security listed across all major exchanges (NYSE, NASDAQ, CBOE, TSX, LSE), including forex and crypto. A free trial is available at no risk.
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