I’d like to introduce “AI SOXL SOXS intraday”. The system trades SOXL long and short (using SOXS), intra-day only, with risk caps (current set to have a worst case intraday drop of 20%). I know 20% sounds high, but it results in the most gains, and is rarely hit.
In 4 year backtest, worst drop was 16%, second 13%. Without the risk cap of 20% these two would also be higher. We base position sizes on the risk, and when times are calm, will use margin to make bets with consistent risk (with a limit, since you cannot go on margin with SOXL too high).
Nothing is held overnight, eliminating gap risk. Goal is to have a high gaining strategy in absolute percentage gain terms while controlling volatility (better Sharpe ratio than pure hold of SOXL).
I’ve been trading a variation of this system over the last month and it’s done decently well. Even so, I know you usually want to wait 3+ months before investing with a strategy, so in order to “kick-start” things here is a coupon for first 2 months free (coupon itself is valid until 5/5/2021):