Swing Trader: Price Action Strategy for Medium Volatility Stocks
This robot is tailor-made for active swing traders seeking to engage with medium-volatility stocks through a price action strategy. The simultaneous open trade limit is capped at 70, ensuring optimal diversification within the trade pool while facilitating convenient monitoring.In essence, price action trading is a methodology enabling traders to interpret the market and make subjective decisions based on recent and actual price movements. The algorithm employed in this robot utilizes multiple short-term price windows to identify the initiation of robust price movements. Simultaneously, the main price trend's direction is assessed using a proprietary set of technical indicators developed by our quantitative team. If the trend aligns with the price impulse direction, the robot executes a trade.Upon trade initiation, a fixed Take Profit order of 5% is placed alongside a trailing stop loss. This design allows the robot to maximize profits while avoiding prolonged exposure to unprofitable trades.Given that the price action strategy excludes the inclusion of fundamental analysis factors, our team conducted a meticulous analysis to formulate the most diversified list of stocks, ensuring an optimal portfolio structure. As a result, the robot engages in trading stocks from various sectors, industries, and with diverse values and capitalizations. This approach aims to enhance the robot's independence from overall market dynamics and the specific dynamics of any particular industry.The trading results of the robot are displayed without the use of margin. For comprehensive trading statistics and an equity chart, click on the "Show All Stats" button on the robot page. In the "Open Trades" tab, users can observe in real-time how the AI Robot selects equities, enters, and exits in paper trades. In the "Closed Trades" tab, users can review all previous trades executed by the AI Robot.
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