Trade Ideas LLC, the global market leader in providing AI and machine learning strategies for financial instruments, announced today that it has been named as Best Machine Learning Development by Fund Technology and WSL in their annual 2019 Awards. The award recognizes Trade Ideas for innovative product development and performance over the last year.
Trade Ideas’ HOLLY is an artificial intelligence tool that generates active strategies each trading day optimized and tested to capture alpha. Over the last year HOLLY’s performance was 94.1% after commissions in Risk-On mode. The portfolio’s gross return, before commissions and fees, measured 111%. These results compare to the S&P 500, measured by the $SPY index, which fell 4% over the same period. Risk-on performance reflects a bias towards staying in the positions beyond reward targets while strictly adhering to risk targets for each trade.
Unlike risk-off mode, where reward actions do not deviate from trade plan parameters and risk management rules permit exits earlier if existing profits erode significantly, risk-on mode carries all trades the entire day until the close. This mode is often present during days of momentum which typify the majority of trading days in 2018. Note that Holly’s risk-off performance for CY 2018 was 32%. Additional 2018 Risk-On performance metrics follow.