DFS Stock Forecast! 16% MoneyMaking Last 12 Weeks
What’s up, people?
In this item, I will briefly show how our algorithm has been trading DFS (Discover Financial Services) stock in a four-hour timeframe over the last 12 weeks, and its performance over that period of time. The algorithm has been designed to trade in a way that is similar to how a human would trade. It takes into account things like support and resistance levels, Fibonacci retracements, and candlestick patterns.
This week, the SlothTrading algorithm can be seen on DFS (Discover Financial Services). We will continue to monitor the algorithm’s performance and will keep you updated on its progress. Thank you for your interest in our product.
As you can see in the graph below, the investment made 12 weeks ago has made 16% profit (this means that an initial investment of $1,000, after 12 weeks of trading resulted in $1,161), being a good result.
The binary accuracy of the forecasts was 67% (15 points above the target value of 52%), and out of the twelve weeks of analyzed data, on four weeks we did not reach the target of 52% of accuracy.
We are working to improve our forecasting methods to meet our target for accuracy more consistently.
This information is shown in the following graph.
The average percentage of opened positions compared to the possible positions that could be opened (one every hour, when the market is open) is 29%. This means that our system only opens a position when a certain confidence threshold is reached.
You can perform further checks or open a simulated position with our algorithm using our simulator tool. The simulator tool is a great way to learn about investing without any risk.
By testing the simulator tool, you will be able to see how much you would have earned or lost if you had invested $1000 12 weeks ago on any asset, or see how a simulated investment evolves over the next few weeks.
If you are wondering how we calculate the performance, it is a simple process very well explained in this Medium article, but basically, we open a position every hour with a fraction of the capital to diversify and minimise risks (it is an alternative to using a tight stop-loss).
By reading the aforementioned article, you will gain a better understanding of how the algorithm works and how it has been designed.
With cryptocurrencies, we do not use any leverage at all, and with forex, stocks, and other assets, we use 10x leverage.
I hope you enjoyed reading the results that our algorithm is achieving every week. See you in the next article!
Remember to check SlothTrading for other price predictions.
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