Shypd.aiThe largest open index of AI toolsMomentum-Trading-Example is an open-source finance tool that provides an example algorithm for a momentum-based day trading strategy. It uses the Alpaca API for trading and Polygon for data streaming.
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Momentum-Trading-Example offers an example algorithm for a momentum-based day trading strategy, designed for use with the Alpaca API. This script requires an Alpaca brokerage account, available to US customers, to access the Polygon data stream necessary for its operation. Users need to replace placeholder API information (key ID, secret key, and connection URL) with their own details from the Alpaca dashboard. The algorithm is designed to buy stocks during a 45-minute window each day, starting 15 minutes after market open, based on specific signals like a 4% gain from the previous day's close, being above the highest point in the first 15 minutes, and a positive and increasing MACD, alongside strong volume. It manages risk by selling at stop-loss or target price levels and liquidating all open positions at market close to avoid overnight holdings.
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Free
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