Fat Prophets co-founder and former Bankers Trust Australia executive, Jason McIntosh, has launched a service offering DIY investors the opportunity to use algorithmic buy and sell signals to trade Australian Securities Exchange (ASX) shares.
McIntosh developed the algorithm with his new venture, Motion Trader, which tracked the ASX’s more than 2,000 stocks.
Between 1993 and 2018, Motion Trader’s national average winning trade had returned 65.1% with an average loss of 20.9%.
McIntosh said his algorithm tracked movements of prices and trading volumes of practically every ASX listed company, which the majority wasn’t included in the All Ordinaries Index.
“The majority of major funds are trading the ASX 200 stocks, while the Small Ordinaries Index goes to 300 stocks, leaving the rest of the market largely unchartered territory for investors, who can now find opportunities through Motion Trader,” McIntosh said.
The algorithm identified companies months before they enter the ASX300 or All Ordinaries, usually small to mid-cap stocks flying under the radar.
Comments
Fat Prophets co-founder and former Bankers Trust Australia executive, Jason McIntosh, has launched a service offering DIY investors the opportunity to use algorithmic buy and sell signals to trade Australian Securities Exchange (ASX) shares HI TRYING TO CONTACT THIS AUTHOR FOR ALGO TRADING
Add new comment