NewsEvents-DatesFilters
Traders want to know, should they trade on certain news dates that are well known to make volatile moves.
Now you can objectively answer this question, and rank the results by specific new announcements.
Be careful in that small sample of days my lead to statistically weak conclusions.
New in Build 20221123.1
Figure 1.
You can also just allow HighOnly news events, and see the results of trading them all. In this case do NOT CLICK filter events.
First you can test what happens if you only trade the specific dates/ news events.
Should these prove to be not profitable, or low profit factor, you can then click on exclude selected dates and your portfolio will NOT trade these dates.
Coulombs can be sorted by clicking on the header. (In the next build)
Results are found under market performance tab, but next build it will be under Event performance tab.
How to exclude filtered dates from live trading.
In this example we want to use as our sample data, may day trading systems to give a large sample size.
These systems were used.
Click on filter events
Then click generate report.
1) The go to event performance
2) Select PF (profit factor)
3) select PF of say 1.5
4) Select >= 200. We don't want to consider news events that have very small sample size as they are not statistically valid.
A date only file can also be used.
See Fed.txt
The format of this file is yyyymmdd. All other information is stripped
If you want to see the effect of only trading HIGH priority news events, we get this result.
While if you want to only trade all days that are NOT high priority, then we get the results below
In summary overall High priority news events are very worth trading.
Medium only news events also were worth trading.
A strong case could be made for NOT trading Fed interest dates.
However when you break this down by system, it looks like GSBsys21ESV3 should still be traded. However there is only 28 trades to support this theory,
so the statistical validness of this decision is weak.
Trades count feature
A small amount of trades on any news event is statistically weak or not valid. This is why we have trades count feature. All news events with trade number below this count will not be shown.
Default value is zero