Algorithmic Trading for Stocks
In the video we review stock ticker $LABU / NYSE (Direxion Daily S&P Biotech Bull) with the algorithmic trading application from UltraAlgo. Reviewing the 5 minute chart, the script delivered a 8.14 profit factor with a profitability of 90.91%. This was executed over 11 trades with a net profit of $2500 and drawdown of $350.
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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[VIDEO] Reviewing the 15 minute chart, the script delivered a 7.94 profit factor with a profitability of 85.71%. This was executed over 7 trades with a net profit of $1320 and drawdown of $190.