I've reorganized the sequence of Qs pairs to reflect the ascending order of the number of N days (optimized lookback period). This should yield a short term and longer term probability model when I can locate a few more reliable Qs pair candidates with 12-18 N day characteristics.
With the discounting of the BD type signals (P&L below R2), we're left with a residual of 3 signals, 2 longs and a short. Since the short is showing negative MOMO, the inference is that the lon side is the valid signal.
I'm still working with Jeff to implement the "Firing Line" filter for the trade signals that would cancel trades if the P&L/R2 status is below and descending (basically, a roll over of the equity curve). That filter should help resolve some of the current ambiguities in signal alignment.
There's still a few bugs with the PDQ Dashboard but these are being resolved and the forecasting model continues to be refined and made more robust at the same time.
As I've mentioned before, there are some very exciting possibilities presented by the PDQ Dashboard concept, both for daytraders and system traders, ETF and option traders.
I'll be exploring a few of these further in the weeks to come.