Forex pairs spread & volume statistics

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Postby withnail » Wed Oct 31, 2012 1:34 pm

Nice graphic Pebble. May I ask what setup you are using for creating the graphics and which data source (live?). I have a couple of ideas (stats) that I want to make visual graphics from. I prefer not to do it in mt4.

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Postby PebbleTrader » Wed Oct 31, 2012 4:16 pm

Source is historic data from MT4.

Visualize using Tableau or Excel.

Stats without visualization is like trying to look through a pair of glasses that haven't been cleaned in awhile :)
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Postby PebbleTrader » Wed Oct 31, 2012 4:34 pm

A visualization like the above isn't really part of an edge / strategy...

All it does is determines my sleep schedule :)

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Postby withnail » Thu Nov 01, 2012 9:49 am

Thanks Pebble, I was inspired by your previous thread and some of the tools in Oanda lab. Nice to play around with in between trades. I like to program stuff so its bit if a geeky thing rather that looking for an edge. There are some nice courses about stats and programming at coursea.org for anybody interested. I am learning R from there.
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Postby newschool » Thu Nov 01, 2012 6:49 pm

PebbleTrader, may I ask you an important question, what time zone are you in? Your chart could be in GMT or EST....

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Postby PebbleTrader » Thu Nov 01, 2012 8:06 pm

The pair is EUR/USD, Y axis is "pips", time zone is Central (-1 hour from Eastern).

The data was all the hourly data available to me which included most of 2012.

The "water drop" shaped sections are showing the frequency of occurrence, fatter means more data points contained within it.

White line is the median.

The "box" contains 50% of the data.

The resulting chart gives a better feel for what is really going on...
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Postby PebbleTrader » Thu Nov 01, 2012 8:29 pm

Image
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Postby PebbleTrader » Thu Nov 01, 2012 8:31 pm

That is exploring the likelihood you will be able to repeatedly hit a particular range...

The likelihood of hitting larger and larger ranges for that hour decreases...

It's like trying to balance how often you are right versus how much you get paid when right.
Last edited by PebbleTrader on Thu Nov 01, 2012 8:41 pm, edited 1 time in total.
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Postby PebbleTrader » Thu Nov 01, 2012 8:35 pm

I don't really use that, but some of the scalper / short term traders might find it useful.
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