Note: The above demo covers the 1st step to find potential trades. Once you identify potential trades from the universe of instruments you wish to trade, you can check for price direction consistency over 5,15, and 30 look back periods, to identify price direction consistency over several look back periods based on historical data, as well as identify typical price ranges so you can potentially set your price targets, stops, and trailing stops. As for investors that add to their positions in tidbits, use Stats Harvester™ to find optimal days and times to potentially add to your portfolio cheaper. You can even run Stats Harvester™ to find correlations between instruments, e.g. $SPY vs. $UVXY.
Would any lender give you a loan without first checking your credit score? Of course not! Lenders place a lot of emphasis on your payment history. The reason they look into your past payment history is simple; history tends to repeat itself. The same is true when it comes to price movement in the markets. Take advantage of historical price movement, and give yourself an edge in every day trade you make!
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.
Pinnacle Quant, LLC is registered with the CFTC and is a member of the NFA. Pinnacle Quant, LLC is a registered vendor with NinjaTrader®.
Q: Approximately how many potential trades does Stats Harvester™ find each trading day?
A: It all depends on how many stocks, futures, currencies you analyze in Stats 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: You mentioned anticipating the trade a few minutes before entering the potential trade. Can you expand on that?
A: Stats 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 Stats 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 Stats 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: 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 Stats 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 Stats Harvester™ you will never place another day trade without running your odds of success based on past price action stats in Stats Harvester™ first. As for the “Algo Trader” version, that is the fully automated version of Stats Harvester™ where it actually makes the trades for you based on the findings of Stats 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: Is there a video I can watch that explains all of this?
A: Yes, please scroll up for that video.
Q: Where are you located and what is your phone number?
A: 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 Stats Harvester™ by calling it in a custom trading script I code for myself in NinjaTrader?
A: Yes, you can certainly call any plot in Stats 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. We provide you an invoice 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 Stats 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 Stats 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. Most major data providers work with NinjaTrader 8. Please let us know here if you would like to confirm if your data provider works with NinjaTrader 8. Please note, if you decide to trade with live cash (not simulated trades ) in NinjaTrader 8, 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.