In the video we review stock ticker $GBPUSD / FOREX (British Pound / USD Dollar) with the algorithmic trading application from UltraAlgo. Reviewing the 1 day chart, the script delivered a 7.93 profit factor with a profitability of 87.5%. This was executed over 8 trades with a net profit of $2704 and drawdown of $515.

The Global X S&P 500 Covered Call ETF (XYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the S&P 500 Index and “writes” or “sells” corresponding call options on the same index.

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