Jim Simons is not affiliated with Pinnacle Quant, LLC, we’re just huge fans of Mr. Simons, who’s considered the most successful money maker in the history of modern finance. *Interestingly, firms around the world spent $32 billion on market data in 2019; that’s just $8 billion more than Jim Simon’s net worth.
Here’s a list of what you need to use Price Action 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. If you don’t have market data, free Forex market data is available for 30 days via NinjaTrader FXCM (free Forex market data here).
Pinnacle Quant, LLC is registered with the CFTC and is a member of the NFA. Pinnacle Quant, LLC is a registered vendor with NinjaTrader®. To learn more about the principal of Pinnacle Quant, LLC, Raffi Sosikian, go here.
Why do lenders waste so much time and money looking up credit scores of potential borrowers, when the technical statistics of borrowers paying them back is exactly 50-50? – Lenders may get paid back, or they may not get paid back. Yet, not a single loan is issued unless they thoroughly go through borrower credit reports to check their historical payment patterns and borrowing trends. The reason they look into past payment and borrowing history is simple; there is high probability that a borrower’s historical payment patterns and borrowing trends will repeat themselves. The same is true when it comes to price movement. Humans take comfort in repetition that works. If a particular trade works, what are the odds they don’t make that trade again? Knowing how price moved on particular days, during particular times, and for specific instruments is highly advantageous. Use historical data, and give yourself an edge in every trade you make!
Q: Approximately how many potential trades does Price Action Harvester™ find each trading day?
A: It all depends on how many stocks, futures, currencies you analyze in Price Action Harvester™. It is quite normal to find 30 potential day trades or scalping opportunities per day. Of course, you wouldn’t necessarily enter all of those trades.
Q: Can I get this Price Action Harvester™ historical data analysis on a spreadsheet?
A: Yes, you can easily export all of the data and analysis produced by Price Action Harvester™ to a spreadsheet.
Q: You mentioned anticipating the trade a few minutes before entering the potential trade. Can you expand on that?
A: Price Action Harvester™ is designed to help you find high probability trades based on past price action stats. However, you should still watch price action a few minutes before entering the anticipated trade that Price Action Harvester™ identified, to ensure live price movement is headed in the same direction you were anticipating for it to head, based on the price past action stats. For example, if Price Action Harvester™ showed that in the last 30 lookup periods price moved down 70% of the time, and thus for the trading day and time frame observed, you are anticipating to enter a short trade, a few minutes before entering that trade, observe if price is moving down first, to ensure you “frame” your foundational directional bias that is based on past price action stats. Meaning, the price movement a few minutes prior to your planned time of potential entry, should be headed in the same direction you were anticipating for it to head.
Q: How can I backtest this to see how it would have potentially performed?
A: In addition to the Price Action Harvester™ indicator, at no additional charge, we also provide you with Price Action Harvester Backtester which you can use to backtest your picks. You will be able to run Price Action Harvester Backtester on NinjaTrader via their Strategy Analyzer. If you don’t have a copy of NinjaTrader 8, you can get a FREE version here.
Q: I get how to pick trade direction based on the past price action stats, but how do I pick potential price targets and stops?
A: We cover how to pick potential price targets and stops in the video tutorial that is included in your PinnacleQuant.com customer login area. The process is quite easy; it is based on the mean of historical price ranges, and their standard deviations. The video tutorial will show you how to easily pick potential price targets and stops, including potential trailing stops. We also offer email support for each subscriber in case help is still needed.
Q: What are the differences between the “Try Me” monthly version, the “Active Trader” yearly version, and the “Algo Trader” version?
A: The “Try Me” monthly version and the “Active Trader” yearly version of Price Action Harvester™ are exactly the same, except for the price and the duration of the subscription. If you are an active trader (you make several day trades per day), we recommend opting for the “Active Trader” version, as it is more affordable than the monthly “Try Me” version over a 12 month period. We firmly believe once you start using Price Action Harvester™ you will never place another day trade without running your odds of success based on past price action stats in Price Action Harvester™ first. As for the “Algo Trader” version, that is the fully automated version of Price Action Harvester™ where it actually makes the trades for you based on the findings of Price Action Harvester™. We’ve found most retail traders prefer to trade semi-automatically, so quite frankly, using the less expensive “Try me” or “Active Trader” version is more suitable for most retail traders, particularly if you were to trade with NinjaTrader 8, you can semi-automate your trades quite easily by using an ATM strategy where you can automate everything from a break-even to a trailing stop. You can see details on how to set-up an ATM strategy in NinjaTrader 8 here.
Q: Where are you located and what is your phone number?
A: Our office is in Los Angeles. We’re at the Oppenheimer Tower, 10880 Wilshire Blvd., Suite 1101, Los Angeles, CA 90024. You can reach us by phone at +1-818-839-0570.
Q: Can I use Price Action Harvester™ by calling it in a custom trading script I code for myself in NinjaTrader?
A: Yes, you can certainly call any plot in Price Action Harvester™ in your custom trading script in NinjaTrader 8.
Q: What forms of payments do you accept?
A: We only accept PayPal, so you can use any payment method that works with PayPal. Once you make your payment via PayPal, we provide you with a paid invoice for your tax records in your PinnacleQuant.com customer login control panel.
Q: What if I want to cancel this subscription. How do I cancel it?
A: We believe once you start using it Price Action Harvester™ you will never stop using it.:) However, you can easily cancel your subscription by clicking on the “Cancel” link in the subscription area of your PinnacleQuant.com customer login control panel.
Q: What do I need to use Price Action Harvester™ when scanning for high-probability win trades based on past price action stats?
A: You need NinjaTrader 8, which is FREE to download and use. You will need Market Analyzer, which is included with NinjaTrader 8. You will need our market scanning templates, which are included with your subscription at no additional charge. You will also need a computer that runs on Windows 10, an Internet connection, and market data from your broker, or you can purchase market data from a provider such as Kinetick, IQFeed, Barchart, FXCM, Coinbase etc.. Most major data providers work with NinjaTrader 8. Please let us know here if you would like to confirm that your data provider works with NinjaTrader 8. Please note, if you decide to trade with live cash (not simulated trades ) in NinjaTrader 8 (you do not have to trade with NinjaTrader 8 to use Price Action Harvester™, as you can grab the trade ideas from Price Action Harvester™, but trade directly with your current trading platform or broker), then you will need a license from NinjaTrader.
Pinnacle Quant, LLC is a boutique CTA that specializes in building systematic trading algorithms. Pinnacle Quant, LLC was established by its principal, Raffi Sosikian, on June 23rd of 2018. On October 2nd, 2018 Pinnacle Quant, LLC registered as a CTA (Commodity Trading Advisor) with the Commodity Futures Trading Commission, and became a member of the National Futures Association. Pinnacle Quant, LLC is also a registered vendor with NinjaTrader. You can learn more about Raffi by watching his Opalesque TV interview, when he was interviewed by Matthias Knab while at the SALT conference in Las Vegas.