Here’s a list of what you need to use Stats Harvester™:
1) Windows 10 
2) Internet connection
3) NinjaTrader 8 (free download here)
4) Market data – such as Interactive Brokers, TD Ameritrade, Kinetick, Rithmic, Coinbase, CQG etc.

1. Have no preconceived notions or biases when it comes to price direction. Simply study the past price action stats.

2. Ensure you have a statistical edge with respect to price direction; for example – over 60% of the period observed, price moved down.

3. Analyze several periods, such as 5, 15, and 30 lookup periods, where a set day & time frame are observed, to ensure you have a relatively consistent statistical edge in price movement during all of the periods observed.

4. To ensure you have a large enough data set, using the 30 lookup period, observe the average (mean) price ranges and its standard deviations, to help you choose more realistic price targets and stops based on past price range moves. Also, by referencing those stats, you will be able to quickly determine, based on past price ranges, if your potential profit goal per trade would be met. If yes, you may opt to potentially take that trade; if not, you may opt to pass on that trade. With respect to price ranges and picking price targets and stops, the standard deviations upper and lower limits, and their empirical rule of 68%, 95% and 99.7% chance of price being within that range, is explained in the video tutorial upon signing up. 

5. A few minutes before the anticipated trade, confirm trade direction is as expected based on your past price action stats lookup, before you potentially enter that trade; I call that “framing your foundation,” as it provides potential support to your statistical price direction bias.

Pinnacle Quant, LLC is registered with the CFTC and is a member of the NFA. Pinnacle Quant, LLC is a registered vendor with NinjaTrader®.

Would any bank give you a loan without first checking your credit score? Of course not! The same is true when it comes to trading. You should know how the instrument you are trading has performed historically during particular days and times, purely based on that instrument’s various statistics, before you place a trade. 

If you aren’t using stats as the foundation of your trading plan, in our view, you are essentially gambling; we believe this to be true no matter how many indicators you use. Indicators make excellent “framing” tools, but in our view, they need to be built on top of the core foundation of historical statistics in order for a trader to have a meaningful edge.

Could you imagine what would happen to the hefty profits of casinos in Las Vegas if they didn’t rely on statistics to maintain their edge? Why not arm yourself with a powerful tool such as the Stats Harvester™ to scan the entire market, in order to find the best potential times, the best potential days, and the best potential trading instruments for you to trade, all based on historical stats and odds? Please scroll down for more details on how you can easily use this highly resourceful trading tool built for NinjaTrader®.