Merlin is a long-only algorithm that buys retracements in momentum stocks during healthy market environments. It trades individual stocks, equity ETFs, and all signals are generated using daily closing prices. You can place all of your Merlin orders after the market closes and be fully prepared for the next session — no intraday screen watching is required.  [table id=45 /] See Performance Disclosures: Portfolio Statistics. You can see Merlin is more profitable on a per trade basis than our Lamorak system, however, it trades slower and makes fewer trades per year on average. The strategy has been backtested and validated across thousands of stocks and ETFs with careful considerations not to data mine or overfit. Merlin has been running live since 2019.