Algorithmic Trading for Stocks
In the video we review stock trading ideas for $BABA / NYSE (Alibaba Group) with the algorithmic trading application from UltraAlgo. Reviewing the 15-min chart, the script delivered 4.29 profit factor with a profitability of 80%. This was executed over 20 trades with a net profit of $1559 and drawdown of $231. This security currently has an algo analyst rating of Sell as it's demonstrating institutional investors are driving liquidating positions (ref. Ultra Bear signal) in the short term.
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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