Are you looking for an edge in the fast-paced world of trading? At Algorithmic Tarding by Andy Walls Quant, we're constantly innovating to empower traders with cutting-edge tools. Today, we're thrilled to unveil our Market Predictions Dashboard, a powerful resource designed to provide actionable insights and enhance your trading strategy.
Built upon the foundation of our advanced Machine Learning Market Forecast models (as detailed on our Machine Learning Market Forecast page), this dashboard brings our predictive power directly to your fingertips in an intuitive and user-friendly interface.
What Makes Our Market Predictions Dashboard a Game-Changer?
This dashboard isn't just about displaying data; it's about providing you with the information you need to make informed trading decisions. Here's a breakdown of the key features, drawing directly from our recent updates:
Actionable Insights at a Glance:
- Recommended Target and Stop Levels: For traders who prefer a manual approach, the dashboard now provides recommended Target and Stop values. These crucial levels are dynamically calculated based on the Average True Range (ATR), offering a data-driven approach to setting your profit targets and managing risk.
Customize Your Strategy:
The dashboard puts you in control with several adjustable parameters, easily accessible through the blue input fields:
- Prob Up Threshold: This crucial parameter allows you to define the conviction level for potential upward movements. If the "Prob Up" signal exceeds your set threshold, it's flagged as an Actionable Trade, suggesting a higher probability of price increase according to our models.
- Prob Down Threshold: Similarly, this parameter lets you set your conviction level for potential downward movements. If the "Prob Down" signal surpasses your defined threshold, it's also considered an Actionable Trade, indicating a higher likelihood of price decrease as predicted by our AI.
- Risk: Effectively manage your capital by inputting your desired risk per trade. This value is directly used by the dashboard to calculate the appropriate number of contracts to trade, helping you adhere to your risk management plan.
- ATR Multiplier: Fine-tune your Target and Stop levels based on market volatility. The ATR Multiplier allows you to adjust the width of your targets, making them wider in more volatile conditions or thinner in calmer markets.
Pre-configured for Success:
To get you started quickly, the dashboard comes with default values pre-configured based on the Autotrader's Cash Session Template. This provides a solid foundation rooted in proven strategies (as explored in our blog post on Strategy Templates for AI/ML Models).
A Comprehensive View of Trading Opportunities:
It's important to understand that the dashboard calculates all possible trading opportunities, presenting both High Confidence and Low Confidence signals. As one of our community members aptly pointed out, the "Confidence" column (represented by the indicator checkmark) reflects the strength of the signal. While High Confidence trades are generally associated with the best outcomes and potentially fewer trades, exploring Low or Normal Confidence trades can be valuable in specific scenarios, such as evaluation periods or fast-track situations where a higher volume of trades might be desired.
Read more About High Confidence Strategy vs All Trades here:
Filtering Information
Dashboard Analysis: April 23, 8:00 AM – 4:00 PM EST
On April 23, we've filtered the dashboard to display data between 8:00 AM and 4:00 PM EST. Within this timeframe, two high-confidence short trade signals were identified, each meeting our 80% probability threshold for short positions.
Key Observations:
Trading Window: Our strategies are configured to operate between 11:00 AM and 3:00 PM EST. This period is selected to align with optimal market volatility and liquidity, often referred to as the "power hour," where significant price movements are more likely to occur.
Real Feedback, Real Impact:
The enthusiasm from our community speaks volumes about the potential of this dashboard. As one member exclaimed, "Omg this is awesome," and another noted, "My new funded accounts gonna love this!" This real-world feedback underscores the practical value and excitement surrounding this new tool.
Unlock your trading edge with the Market Predictions Dashboard. By combining our advanced machine learning forecasts with customizable parameters and clear actionable signals, you can navigate the markets with greater confidence and precision. Explore the dashboard today and experience the future of data-driven trading.