direct statistical trading a "clearly" defined approach by NTW31

Quote from vandalrpm:

I worked on and off with sorting the data for the hourly candles for awhile and finally got that down. Thanks NTW and everyone else that wrote out the steps. Now that I have figured out the hourly stuff, I was wondering if you could explain a little more how to arrange the tick data in excel.

You mentioned that now that we knew how to arrange the hourly stats we should be able to organize the tick data. I looked all over online for examples of how people are using tick data to find out the PNR, but almost nothing comes up with anything remotely helpful in that area. I understand what the PNR is trying to do, but do not know how to go about it using the same logic that was used on the hourly examples.

Thanks
Vandal

P.S. gotta love that rick roll
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haha im glad you enjoyed that

I wrote an interesting JSP program that may do it for you if you import the data in to it can be found here

http://tinyurl.com/NTW31JSPtickFORUMLATOR
 
Quote from vandalrpm:

haha what a dirty dirty game :)
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I had to do it.. lol with the tick data I had a friend at penn state do it for me with a program he wrote
so my suggestion is find someone that can program i cant.

or you can do like 100 or so by hand but itll take you a while and wont be a large sample
 
Is this the same algo from earlier in the thread or a different one? I assume the blue lines show a "sell zone" of some sort. How'd you arrive at them (basic algo).
 
Quote from stevegee58:

Is this the same algo from earlier in the thread or a different one? I assume the blue lines show a "sell zone" of some sort. How'd you arrive at them (basic algo).
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there are a million way to trade like this just a couple of stats think about what you are looking at form an observation ...

then create rules and test the observations...

like candle color for example.....way to do it

I observe candle color has tendency to occur 3 times in same direction then change direction.. i test

count how many formations occur over X sample of candles crunch stats for that sample and you get your explaination for the occurrence ... (posted that spreadsheet couple of pages back)

so high chance of reversals after 3rd candle and 6th candle...

you have your stats how do you trade it now you need a trigger...

prices are likely to change direction around century marks... so if we get 6 candles into century mark in a row ... whats your trigger

now whats your stop and TP... look at it statistically ...

system ... approach to creation... once you get the system you can create anything.
 
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