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About

Built to measure a checklist.Starting with my own.

I tick a checklist by hand before every trade, and I wanted to know whether it adds up to anything. CentBeat is how I find out.

Status
Being built and tested

A note from the founder

Before every trade I go down a checklist and tick what I see. Plenty of traders do the same, on paper or in their head.

The trouble is that a tick leaves no record. I could not tell whether the setups I rated highest were any different from the rest.

So I am building CentBeat. It scores the checklist the same way on every candle, keeps the tape for each signal, and freezes the grade when I log a trade. Then the checklist can be measured.

It is being built and tested now. I write up the testing as I go, including the parts that do not work.

Founder, CentBeat

Principles. Five rules CentBeat is built on.

  1. 01 You own the weights. CentBeat owns the calculation. You pick the signals, the timeframes and the points. How each signal is calculated stays fixed, and the same for everyone.
  2. 02 It describes. It never directs. It says what is present against your checklist. It never says buy, sell or wait. What you do is up to you.
  3. 03 Same settings, same numbers. No output is personalised: the same configuration produces the same output for every user who builds it.
  4. 04 Closed bars only. A live bar has no single correct value, so nothing is scored for the record, or tested, on one.
  5. 05 Measure before claiming. Nothing is claimed until it has been tested, and each test is written up whatever it says.

By hand, then every candle. The same checklist, two ways.

Example: a checklist ticked by hand, and the same checklist scored by CentBeat at a candle close as grade A plus long, 18.5 of 22.
  1. By hand. The checklist you already tick: once, by eye.
  2. Every candle. The same checklist, scored at each close.