CASE STUDIES 📰

Challenge

Jason, a prop trader approaching 8 years of trading experience. One of his biggest challenges was struggling with setting stops & targets, which resulted in arbitrary decisions that caused losses. He was hesitant to take advantage of profitable opportunities, missed out on A+ trades due to indecision, & experienced difficulties taking subpar setups with low odds.

Solution

To address these challenges, we worked together to backtest his strategies using varying general datasets & established expected intraday ranges using median statistics & real-time odds of certain events. This included developing expected ranges in 30-minute segments, setting effective stops & targets, anticipating where a stock would have decreased volatility, & recycling trades by covering them then adding on pops in the upper expected range bounds.

Probabilities were also incorporated into the strategy such as identifying anomalies like CDIO, which closed green & over VWAP for the second time out of 100 samples. This provided information in knowing CDIO had deviated from an avg ticker in this dataset, which helped make decisions in exiting early or flipping positions.

Results

The custom-coded trading tools & backtests significantly improved Jason's trading performance. His win rate increased by 10% from 45% to 55% in the previous year.

He is now more confident in setting stops & targets, resulting in higher accuracy. He no longer hesitates when good setups appear & has improved in passing up on poor setups by clearly seeing how unfavorable the odds are.

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call

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Challenge

Corey, a part time trader, working as an advertising photographer for half the month discovered that his biggest losing days were the first days back in the market. As market cycles change dramatically in small caps, Corey struggled with discretion coming back each new week. His biggest problem was taking entries, stops, & exits that weren't ideal & much too early, making it hard to be anything more than breakeven.

Solution

We decided on a market bot that gives all the statistics needed to understand what market conditions are currently in play to better prepare for the market. We also did a 5 year data set that helped provide statistics & comparisons for his setup historically. The data filtered the areas he was supposed to be in & out.

Results

See the graph above

This line graph shows the point at which Corey & I began working together to use data in order to influence his execution instead of soley relying on discretion.

Quote

" 'Nothing is new in the stock market' is my favorite quote when it comes to using data to influence trading decisions & I would recommend anyone adapt data into their systems. I would imagine it would clean up many more emotional issues on top of providing statistical edge. "

If you are experiencing similar challenges in your trading, want to become more systematic using data or wish to learn more about backtesting,
contact Silvas through:

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call

Challenge

Justin, a pattern recognition trader, sought help with backtesting & pulling datasets to improve his trading strategy. Before using data & backtesting, he faced uncerainty if what he was trading had any statistical edge. This was an issue as he had no interest in coding & dealing with spreadsheet formulas.

Solution

We worked together to pull four years of data on three separate strategies in Justin's playbook. He provided the data fields he wanted, & we had custom equity graphs built that instantly updated with each data field change.

Results

Outsourcing the backtesting & dataset analysis allowed Justin to focus on his strengths in pattern recognition. The insights from the backtests & dataset analysis gave him greater confidence to size into his best setups & improve profitablity. It showed areas in his setups he didn't know edge existed & managed to create new stategies within exisitng ones.

Quote

"Goshawk was able to produce really custom work that other services said was impossible. He finishes the work in the timeframe that is agreed upon & takes the time to show you exactly how it all works."

If you are experiencing similar challenges in your trading, want to become more systematic using data or wish to learn more about backtesting,
contact Silvas through:

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call

Challenge

Spang faced challenges with being a completely discretionary trader such as lacking heavy conviction in his trades. He felt that not having the exact statistics of his strategy was the reason for this. He saw that I did free calls for traders to learn more about backtesting, so he decided to reach out.

Solution

Together we focused on gathering precise data on a specific gapper criteria with unique price action to develop a more systematic approach to his trading.

Results

Spang's trading performance yielded an increase in winrate from 62% to 74% with slightly higher reward-to-risk ratios due to better timing in his trades. By incorporating statistical analysis, he gained a deeper understanding of his strategy's effectiveness & was able to identify additional variables & factors to enhance his setups & gain better conviction.

If you are experiencing similar challenges in your trading, want to become more systematic using data or wish to learn more about backtesting,
contact Silvas through:

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call

Challenge

'Traderhua' sought to improve his trading strategy by using data research in his decision-making process. He had gaps in his data sets for 2022 & wanted to obtain specific custom data points that were relevant to his trading strategy. He was also concerned about the cost of obtaining the data while maintaining accuracy. He had tried using a no-code software, but it was not customizable enough to meet his needs.

Solution

Together we gathered accurate data for the missing year, along with relevant custom data points for his strategy. We utilized cost-effective solutions & tools to obtain the required data without breaking the bank. We also developed a custom software solution that met his specific needs & provided the necessary level of customization.

Results

With the accurate & custom data points, Traderhua is able to make better systematic decisions & improve his strategy. He's able to achieve greater profitability by incorporating the data into his decision-making process, without having to spend a significant amount of money on data research. The custom software solution also gave him the flexibility to customize his data sets & adapt to changing market conditions.

If you are experiencing similar challenges in your trading, want to become more systematic using data or wish to learn more about backtesting,
contact Silvas through:

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call

Challenge

Jacob sought help in using data to assist his trading, particularly in developing & testing algorithms. His challenges involved ensuring the data collected had no biases that would significantly affect the outcome or the repeatability of a pattern.

Solution

Our project invlolved historical data from Polygon.io, where we pulled data to analyze a specific pattern. I showed Jacob how to track data correctly to avoid any biases that could affect the result as well as how to develop & test algorithms.

Results

Our project really helped him to hyper-focus on learning backtesting & teaching himself coding techniques. Our work together has solidified data tracking & how to do it correctly. Jacob is now sure that the data he tracks has no biases & has historical edge based on his pattern criteria.

Quote

"I truly want to get into algos in the future & you were the first one who was open to teaching & showing to people like me who are new & had no reason to truly interact back with, but you did."

If you are experiencing similar challenges in your trading, want to become more systematic using data or wish to learn more about backtesting,
contact Silvas through:

• Twitter - @GoshawkTrades
• Discord - Silvas#0697
• Book a Call