Study agenda Thursday 9/4 five-hour timeblock

• Ongoing indicator research
  
  • review observations from all indicators now that I've slept on them (revisions / additions)
  
  

  Whew -- that took longer than I expected. But I keep finding better ways to refine the survey questions. I've also axed two indicators that I feel are too subjective: Welles Wilder's Average True Range (ATR) and Joseph Granville's On-Balance Volume (OBV). I must have extreme objectivity when analyzing indicators so the computer can extrapolate accurate results. I would rather back-burner the entire indicator than introduce any wishy-washyness.

  
  
• Revisions to survey
  
  • identify alternate timeframes I want to reference
    
    • identify a few indicators I would like to take readings from
      
    • add this data-collection to the survey
    
    

    This is going to take more study. I am thinking that I want to look one step above and one step below. But I need to think about how each indicator works, and decide if it would be useful in either or both situations. I would also prefer to limit the number of indicators viewed on alternate timeframes during this study.

    
    
  • identify date range I will run historical forwarding testing on
    

    Date range for this study will be the preceding one year. In my opinion more than this would be a futile effort since markets change over time. One year ensures that I catch the economic cycles. But even one year is quite long considering that I'm only looking at the 15min charts.

    
    
  • identify time-of-day blocks I will focus on
  
  

  I've decided not to restrict this for my study. Instead, I will record the actual time on all entry/exit bars. In this way, the computer can do the heavy-lifting and tell me which time periods are best (if such a thing even exists for this strategy). In some ways you could argue that perhaps I should only look at time windows where I could be actively trading. However, I anticipate that I could be available to trade at almost any time if given proper advance warning (ie SMS alert).

  
  
  • write up step-by-step testing procedure (move to next weeks agenda)
  
  
• Prep EURUSD data for FT testing (move to next weeks agenda)
  
• Begin the study; take note of revisions needed (move to next weeks agenda)
  
• Begin initial work on a new Mind Movie to specifically target this strategy development (move to next weeks agenda)
  
• Watch Wall Street Warriors season 2 episode 2



Sidenote: I usually watch these with my wife. I sit there drooling through the whole show and she just rolls her eyes. :)

Other thoughts from today's study: I might need to link a trade's entry with the multiple exits via an ID# unless I can figure out a good way to associate them from the database angle. The computer will need to know this relationship for proper analysis. Test questions should be as neutral as possible so they can be applied to either entry or exit bars. Some questions on the survey need formatting consistency. Significant revisions were made to the indicators section again. The current version will always be found at the link in the Core documents section at the top-right of this blog. The survey is an ongoing work-of-progress and the current revision can also be found in the Core documents section of this blog.