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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Bounce Strategy
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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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Weird, tried that out and got very bad results, maybe i am doing something wrong, as i a newb here.
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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