Weekly signals too whippy…
in progress
m
matthew taylor
only watched for couple days so far but the weekly signals are too whipsawed to be effective…. SLB triggered a buy, sell, buy on weekly within a day and around the same price…. Qcom, buy Fri, sell Mon when it’s down 50bps, buy Mon a few hours later when it went up on the day, sell next day when it’s down a bit….
I think thresholds on generating a weekly buy or sell need to be tweaked…. Need fewer signals at higher confidence levels.
Also, not all the signals appear on the chart in the app, and I don’t see when I pull up a ticker the history, last 10 signals for example in a table w time stamp/price at signal
Danish Sayed
in progress
Danish Sayed
Hey matthew taylor, I definitely agree with your concerns. We are currently addressing this issue with not having a model that having fewer signals and higher confidence.
A little background, our current models are using the same algorithm on all 12,000+ stocks. Our new approach that is currently in the pipeline is going to create a unique algorithm for every equity that we have to offer. So this will yield much better results. We expect to have these models out in the next two months. I'd be happy to give you a demo on a video call, email me at danish@blackhedge.io and we can set something up.
As far as ticker history goes, we are also working on a backtesting tool (on web) that will allow users to look further into the stock history and our performance.
Hope this helps!