iQ Discover Overview
Regardless of your trading style or method, Discover can be a valuable tool to save time, save money, and make money. Learn how by reading the information below and watching the accompanying videos. Others may make these claims, but we can actually show you how.
Each main Discover Section is listed below, with topics like When to use, Set Ups, and Benefits. You may want to begin by with "Overview" followed by "Discover" the "Strategies" and so on.
It's OK to be skeptical. Most of our customers were.
The versions of Discover
Each version of Discover is tailored specifically to your needs and cost factors.
Discover Daily - Designed for all types of Futures traders with a focus on testing and modeling biases and edges with entry at market open and exit at market close.
Discover Intraday - Extends the capabilities of Discover Daily with the ability to test and model biases and edges with intraday entries and post open filters.
Discover with Edges - Adds the iQ Edges (system ensembles) to Discover Intraday.
When to use the Discover platform
Leverage and exploit iQ's pre-coded robust libraries of market data to analyze and improve your trading strategies, to reveal hidden market biases, create new strategies, and much more. Many use iQ Discover to identify and quantify unknown risks to their trades, ultimately improving their win rates and reducing loss amounts.
You can also use iQ Discover to alert you when your strategies or biases are in play. No need to watch charts and run formulas because iQ Discover alerts you when the set up conditions are met for your strategy/edge.
Discover can be deployed as a full Edge life cycle tool, from idea, to research, to testing, to production, to continuous improvement.
How it works
Our Customers
Our customers span the globe and include small traders, family fund managers, institutional investors, commodity hedgers, and more. We have segmented our offerings to match the value needed. Monthly and Annual pricing also gives our clients desired economic choices.
Some customers use Discover to trade smarter with fewer trades freeing time for other endeavors. Some expand their trading horizons by adding new instruments and edges. Some customers just rely on our prebuild alerts while others dig deep into the data to fine tune their favorite edges. You can see many of their comments here on our site. Let us know if you want to speak with some.
Why Discover
If you're satisfied with your results, see no need for improvement and fear no approaching risks, there likely is no reason to explore new ideas or change anything. However, if you are not satisfied, unclear on how you are going to grow, or are unsure how you can mitigate approaching risks, then you must consider new ideas, something must change.
The difficult part is deciding where to go for those new ideas and what changes you should make. You have many choices, some you have tried before without success and many look too good to be true. You could sign up for charting advice, trade coaching, training classes, etc. Maybe one of those will help, but you have lingering doubt. Often that help is short lived as the benefits evaporate over time. That is probably one reason you are skeptical.
So, how are we different? We suggest the best investment with the greatest return is in research. We built Discover to find historical biases and edges lasting many years and through all market conditions. Those biases and edges are your new leverage to improve results, grow confidence, and reduce your risks. Yes, it takes a some effort to do good research, but the reward can be tremendous. You can build surprising insight into the markets that can deliver continuous value over time.
If your goals are specific and measurable, you can easily calculate how Discover can help you meet those goals. We have a financial justification spreadsheet to share. Just ask for it.
Finally, if dissatisfied, doing nothing is not a rational option. While looking at your options, we hope you consider Discover.
Licensing
Discover is a cloud based platform available by subscription.
Support and Training
All versions of Discover come with 9am-5pm ET email support, video conference access to our daily Live Trading & Support Room, and availability of Member Training Webinars.
What to do next
Continue here to learn about the capabilities of Discover. Watch the video below. Subscribe to our free DailyiQ videos. Request a private demo. Watch past webinar videos. Examine cost vs. benefit.
Speak with our reference customers. Then subscribe and use Discover to change the trajectory of your future.
When to use "Discover"
Discretionary and Systematic traders alike use the Discover section to back-test ideas and create new statistical edges and strategies. Use Discover as an integral piece of your edge research. Instead of hours, days and weeks of exhaustive tedious programming, you can use Discover and within minutes test, modify and test again, as many times as you want.
Discover is a great way to experiment with ideas you develop while watching your charts. Curious about what happens after 3 lower closes? Want to know what typically happens the day after an outside day. Want to know why your historic edge is beginning to fail you? Get these answers and many more, using our simple and intuitive user interface.
Set Ups
Factor Libraries
Browse and select the desired factors for the idea or strategy you want to test. Discover provides for the testing of additional factors beyond the Analyze section.
Exit - Test using multiple exit methods, targets and stops.
Opening Filters - Focus your test based on the opening location, gap direction, gap size, etc.
Volatility - Measure and test based on ATR and VIX parameters.
Market Events - Anticipate the impact of events on your strategies.
Calendar - Learn more about the role the calendar plays in market behavior.
Price Patterns - Look at varying price patterns and their impact.
Profile Patterns - Introduce Market Profile factors to your strategies.
Indicators- Learn how indicators like Moving Averages change your results.
iQData - Exploit unique InvestiQuant factors for your edges.
Instruments
Test using any or all of the Instruments available to explore, test and build edges and strategies. Expand your portfolio by building edges with instruments not used before.
Indices: ES, NQ, YM, RTY
Interest Rates: TY (ZN), US (ZB), FV (ZF)
Energy: CL, HO, NG, RB
Metals: GC, SI, HG
Equity ETFs: SPY, QQQ, DIA, IWM
Sector ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLV
Benefits
Easy, Quick and Inexpensive - no coding, no need to hire a Quant. Finally, a solution that enables traders to efficiently test and create trading edges without downloading software or writing a single formula.
Shorten Edge Development time - Even if you know how to code or have a developer on staff, writing code and cleaning data takes significant time. With Discover you can run a test in seconds and refine it with just a few clicks. Results are instant.
Improve Trade Management - Test the timing of different entries, exits,. Check how patterns that are developing throughout the day impact your trading edges.
Availability
"Discover" is available with Discover Daily, Discover Intraday and Discover with Edges.
When to use "Strategies"
Use the Strategies Section to store and manage your ideas, strategies, and edges. You can save all your research in the Strategies Library, recalling them at will, editing them, etc.
InvestiQuant supplements your strategies by providing a pre-built and tested library of biases that you can use to create strategies with. Currently our Bias Library contains 149 items. The Bias Library is available only to annual subscribers of Discover.
My Strategies
Bias Library
If you subscribe to Discover on an annual plan, you have access to our InvestiQuant Bias Library of pre built and tested biases. The biases include a large database of statistically significant or noteworthy biases. Jump start your edge and strategy development by exploiting the robust list of biases.
Benefits
Save time by capturing and editing your work. You'll never have to do it again. You can save your research that you don't have time to dig into so you can develop it later. You can save ideas and strategies and keep up with how they perform out of sample.
Leverage the iQ Bias Library to save you time and money. The pre-built biases allow you to hit the ground running with plenty of ideas to develop into your own strategies. No need to start building an edge or strategy from scratch.
Benefits
Save time by capturing and editing your work. You'll never have to do it again. You can save your research that you don't have time to dig into so you can develop it later. You can save ideas and strategies and keep up with how they perform out of sample.
Leverage the iQ Bias Library to save you time and money. The pre-built biases allow you to hit the ground running with plenty of ideas to develop into your own strategies. No need to start building an edge or strategy from scratch.
Availability
"Strategies" is available with Discover Daily, Discover Intraday and Discover with Edges.
When to use "Alerts"
Visit the Alerts section to see what stored strategies / biases are in play today. You don't need to physically track the parameters, Discover Alerts does that for you. Use Alerts as part of your morning routine to set your trading plans for the day.
Alerts are also generated from our prebuild Bias Library. If any are in play they will be listed in the Bias Alerts tab of the Alerts section.
We also offer an additional level of alerts available with Discover with Edges, called iQ Alerts. This special set of unique alerts uses proprietary data from our system of ensembles.
My Alerts
Bias Alerts
Biases in play from the InvestiQuant Bias Library are displayed here. So, not only do you see alerts for biases you have built, you get to see alerts from biases we have included for you. These can even be turned into your own strategies if you choose.
iQ Alerts
If a subscriber to IQ Alerts, you will also see a unique set of iQ Alerts generated from our proprietary systems. The rules for these are not revealed but entries, exit, and performance data is available.
Benefits
Never worry about missing out on one of your trading ideas because you forgot about it or overlooked an aspect of it. The Alerts will inform you when your strategies are valid for the trading session.
Explore the Bias Alerts and turn them into your next strategy. Because they have been previously identified as statistically significant or noteworthy, they can give you are jump start on creating your next strategy or inform you of a potential risk or bias for the day.
Availability
My Alerts and Bias Alerts are available with Discover Daily, Discover Intraday and Discover with Edges. IQ Alerts is available with Discover with Edges.
When to use "Analyze"
Discretionary traders use the Analyze section first thing each morning to identify and evaluate unique factors that could impact the markets. It can be thought of as a scanner for what factors are in play today and to quickly see statistics and results for all of the factors that are valid for the session.
This analysis can give you a measure confidence and context or reveal potential unseen risks and exposures. Your analysis may even reveal a new bias that that could be your next edge.
Set Ups
Factor Libraries
Exploit the power of Analyze by browsing and selecting any of the desired factors from our libraries to instantly test. Use these factors to study the impact of events, patterns, and indicators on your trade plans. You can be as granular as you want.
Opening Filters - Learn how important the opening location really is.
Market Events - See the influence of events on your test.
Calendar - Determine if the calendar impacts your study.
Price Patterns - Look at the relationship of price patterns to your test.
Profile Patterns - Examine how Market Profile patterns perform.
Indicators- Include in your test Moving Averages, ATRs, and more.
iQData - Examine special unique InvestiQuant factors of volatility, momentum, seasonality, etc. .
Instruments
Instantly view and Analyze any or all of the Instruments listed. Compare and correlate the output against your trade plans for the day.
Indices: ES, NQ, YM, RTY
Interest Rates: TY (ZN), US (ZB), FV (ZF)
Energy: CL, HO, NG, RB
Metals: GC, SI, HG
Equity ETFs: SPY, QQQ, DIA, IWM
Sector ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLV
Benefits
Instantly see the historical results from any of our various pattern, indicators, seasonality and market events that may impact your trading plan for today. Sometimes simply knowing when to be more aggressive or more conservative makes all the difference.
Availability
"Analyze" is available with Discover Intraday and Discover with Edges.
When to use "iQ Edges"
Use iQ Edges daily to see what direction the market has favored historically using InvestiQuants's ensembles of systems.
The iQ Edges use a proprietary collection of multiple, uncorrelated systems that are averaged into a simple set of metrics that show you when similar market conditions have favored a move in one direction or the other. They can be used as a bias to trade with or as a setup with specified stops and targets.
Set Ups
Index Rollup
The Index Rollup is a powerful tool that shows you when there is broad consensus on a trade idea. The Index Rollup takes our ensembles a step further by averaging up the odds for each trade setup for 4 Index Futures (ES, NQ, YM, RTY) and 4 Index ETFs (SPY, QQQ, DIA, IWM) to show you the averaged historical odds for the entire group. When the Rollup odds are strong you can have more confidence that the trade setup is robust.
Instruments
iQ Edges has data available for the instruments below. For the index traders we also have the combined odds for the 4 Indices and their corresponding Equity ETFs in our Index Rollup.
Indices: ES, NQ, YM, RTY
Interest Rates: TY (ZN), US (ZB), FV (ZF)
Energy: CL, HO, NG, RB
Metals: GC, SI, HG
Equity ETFs: SPY, QQQ, DIA, IWM
Sector ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLV
Benefits
Quickly and easily get quantified metrics based upon historical data with no work required. Simply choose your instrument setup, stop and target.
Save time on research and add quantified statistics to your trading plan.
Shrink potential losses by avoiding trades against the iQ Edges and take advantage of the days where the numbers are strong.
Availability
"iQ Edges" is available with Discover with Edges.
When to use "More"
This section is for general administration, help, and more. Visit here when you want to look up your search history, watch help videos, and find out what is included in our last product release.
Key Levels
History
Discover maintains a recent testing history for you. Use it to better recall the most recent work you have done.
Live Trading and Support Room
For our customers, we host our Live Support Room beginning at 9:00 am every trading day. In this section you find the instructions to access the room. For 60 minutes or more, we discuss market developments, use Discover to explore new ideas, coach users on how to get the best from Discover, and more. The support room allows you a regularly occurring place to interact with our team, get ideas, and ask questions.
My Profile
Use this section to set default preferences for your account. You can set default preferences for things like your favorite market, trade setup, and stop / target values.
Help
In this section you can find many helpful videos focussed on properly orienting you to our platform and its many functions. You need not leave the platform to get help.
What's New
We regularly update our platform, adding new features, factors, functions, etc. In the section you can see those updates, learning what has been added or changed in each release.
Availability
"More" is available with Discover Daily, Discover Intraday and Discover with Edges.