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Bounce Strategy

Although the compounding annual return is 2421.010% for the January to April of 2016 period, it should be noted that the algorithm is overfit for that time period. I optimized the algorithm using that time period. Backtesting run through 2014 and 2015 shows a much more modest compounding annual return of 69.422% for that time period. Conditions do change due to changing trading patterns from other algorithms and traders, which is an argument in favor of this algorithm.

Use entirely at your own risk!

The premise of the algorithm is simple, look for stocks with a high downward momentum and buy them on the bounce, when the most recent minute is higher than the minute previous to the most recent. Sell as soon as the stock turns downward again, when the most recent minute is lower than the minute previous to the most recent.

Custom algorithm development : warrencharding@yahoo.com.
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No, I haven't tried it live via paper trading.

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Has anyone tried this algorithm live and been successful yet?

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I tested in paper trading for 3 months, 16.31% so far... Can be improved!

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