Daytraders After Market Lounge 11th Nov, page-61

Price prediction competition for daytraders.
Hi All,
I am proposing a price prediction competition for daytraders based on intraday trading. The first stage of this initiation is to develop a system that can be measured, valued and assessed for competition. My proposal for this system is for day traders to submit their prediction to the person who run the competition on certain format. The submitted prediction will be collected by the administrator of the competition, and the closest call to actual price will be the winner of the day or week.

There are three main prices on a daily trade, and those are “Open, Low, High and Close”. Before we complicate on the four main price, I propose to get started by predicting only the “High” of the day on the approved or active stocks only?

For example, If I submit for tomorrows high on RYG or until tomorrow before the market open (what ever the rules will be), my prediction will be collected by the Administrator and after the close of the market the highest accuracy prediction will be the winner of the day, Winner will be announced on aftermarket or The Weekend lounge, then certain number of winner will be decorated with a medal


Term and conditions:-

1. ..
   Stock to predict will only be provided by the person who run the competition (eg. @mitta @Trees @SelmaBouvier, @Rx7driftking, @herbalist etc etc)
2. ..

Medals

1. .. who ever have the test to design
2. ..
3. ..

How it works

calculation



Eg. ASX code: RYG
Predicted-high = 0.034
Actual-high =0.043

Formula: 1.00–abs(Actual-high- predicted-high)/Predicted-high

Accuracy = 1.00–abs(0.043- 0.034)/0.034
= 73.53 %



@SelmaBouvier, @Rx7driftking, @herbalist some opinion please?