Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've had some learnings around session ranges, as well. Just as interesting to me as confirmation of the things I THOUGHT were true, are the things I thought were true that the data says are not.....both very helpful.
Can you help answer these questions from other members on NexusFi?
This looks like a nice service. If you could download 20 years of data you may be able to remove a lot of overfitting and get some real robust probability numbers. It's worth a trial IMO.
I have been evaluating the Edgeful starter package for a few days. Here are my notes so far....
Edgeful has some insightful stats that you can use as a basic framework for finding trading setups.
----------
Using Edgeful to solve the 2 barrier problem:
[Price Target]
1) Gap Fill Probabilities: Price Target Probabilities
[Stop]
2) ORB : Opening Range Breakout: Gives probability of a stop out for a certain R level.
[Time Duration]
3) Intraday Timing: The time periods during the daily session that give the biggest returns.
--------------------------------------
[Swing Reversal Setup]
1) Green and Red Streaks: Swing Reversal Trade Setup Probability
2) Engulfing Candles: Daily Trend Reversal with Daily bearish engulfing pattern
---------------------------------------
[Find Breakout Trading Setup]
- Green and Red days by Weekday and Performance Weekday : Helps find high probability T+ and T- days
[Macro Trade Setup]
- FOMC Performance: Fed Macro Trading Return Prediction and Benchmark.
[Seasonality Trade]
- Performance Trends: For Seasonality Trades
[Intraday Reversal Trade Setup]
1) Pre-Market Range Correlation: Predict the Daily RTH Session Price Range
2) Intraday Range Window: Intraday Reversal Probability
Some problems with the Edgeful starter package :
1) Too small a sample space to remove most of the overfitting problem. 5 years of daily data will yield hundreds of samples not thousands.
2) No way to remove confounders from the data set. Confounders include autocorrelation, extreme outliers, special macro events, colliders, mediators
3) No custom studies/reports. No way to add additional filters to a study/report.
4) No way to change the bar type or bar time interval.