Algorithmic Trading for Stocks
In the video we review stock trading ideas for $NVDA / NASDAQ (NVIDIA Corporation) with the algorithmic trading application from UltraAlgo. Reviewing the 45-min chart, the script delivered 9.04 profit factor with a profitability of 85.71%. This was executed over 14 trades with a net profit of $4553 and drawdown of $399. This security currently has an algo analyst rating of Buy as it's under the immediate resistance line (ref. white line) and a strong bounce of the support (ref. blue line). In addition, there is significant institutional pressure relating to short interest (ref. ultra bear signals), which will cause a short term spike due to covered calls.
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.
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