Statistical formula analysis and development

Seeking a statistician to review / modify 4 to 8 probabilistic algorithms for predicting binary options. The algorithm(s) will take into account results from several months worth of stored data in MS Excel. This freelancer would need to be experienced in writing formulas in Excel so they can be easily converted to computer code.


Binary options trading is a type of asset trading premised on the idea, that the price of an asset, commodity, stock or currency pair will expire (expiry time) at a price above or below the price at which the asset was purchased at a fixed point in the future (usually the nearest quarter hour e.g. 01:00, 0:1:15, 0:1:30, etc). Our program has collected and stored data for 4 separate currency pairs since August 2014. Each time the currency pair price exceeded or fell below a pre-determined price point (trigger price), the results of the price (above or below) were stored for the 8 nearest expiry times. The trigger price, expiry times and price-points were stored and will be made available as source material for analysis.

Required Tasks

The statistician for this role would need to analyze the stored data described above to:

1) Existing prediction formulas have already been developed and need to be analyzed for accuracy.

2) Create (or modify existing) probabilistic trend models that factor in trigger price, time, and/or any other factors associated with the future price being consistently above or below the trigger price for the expiry times.

This would be done separately for each of the 4 currency pairs for which data has been stored. Based on this model(s), the statistician would create an Excel-based algorithm for each currency pair.


The freelancer for this role need not be a financial or currency trader / expert but does need to 1) understand the above description with minimal additional guidance, 2) possess the ability to sort through a large Excel-based data-set to determine data trends, and 3) create/modify probabilistic algorithm(s) in MS-Excel that factor based on historical data trends. Final payment for this project is contingent upon accuracy and the ability of a programmer to use the algorithms to code so if you do not have the skills for this project, please do not propose yourself.

Umiejętności: Algorytmy, Przetwarzanie danych, Analiza Statystyczna, Statystyka

Zobacz więcej: writing formulas in excel, writing formulas, writing excel formulas, writing computer code, writing binary formulas, writing an algorithm for a program, writing algorithms, use of algorithms, type of algorithms, trader freelancer, the analysis of algorithms, stock take freelancer, statistical algorithm, sort algorithm, set of pairs, role of algorithm, qualifications for programmer, pre writing skills, pair of points, ms excel programmer, models at freelancer, freelancer stock trading, freelancer payment options project, freelancer ms excel expert required, freelancer guidance

O pracodawcy:
( 7 ocen ) Silver Spring, United States

Numer ID Projektu: #7768072

Przyznany użytkownikowi:


Hello, Before giving my thoughts on your problem description let me tell you a little about myself. I am formally trained as a mathematician with a masters degree from a North American institution with a good portio Więcej

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17 freelancerów złożyło ofertę na kwotę $1199 do tego projektu


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Hello, Thanks for your job posting. I am a data Scientist with a very strong academic background in applied statistics. I have completed my graduation on this subject and currently studying on Masters same subject. Więcej

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~~~Graduate in Applied Statistics~~~ Expert: @Time Series Analysis, Econometrics, Design of Experiment, @Multivariate analysis,Linear Regression analysis, @Bio-Statistics, Actuarial Statistics. Więcej

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I hold M Sc in Applied Statistics from reputed University in United Kingdom. I'm certified Statistical Analyst. I am new to Freelancer, however I have an established profile on Elance. I've already complete Więcej

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Hello, I am interested to complete the task. I have expertise in several statistical software along with MS Excel. I can use advanced probability theory to formulate the algorithm based on past data, can work wit Więcej

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hi,sir. I am interested when saw your post. i have experience can on the field you want. my skill is Mathematics,Matlab,C,C++,Excel,web scraping,data mining,website development,reversing,engineering,algorithm.... i Więcej

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I am an assistant manager in Market research company. I have enough experience of making dashboard in MS Excel which will help you in converting the algorithm into a code. Also, I have strong mathematical background as Więcej

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I am a graduate engineer with distinct performance in mathematics. I like to share ideas, short cuts and concepts in mathematics. I use Microsoft equation editor of ms-word for writing. I can also prepare a beautiful p Więcej

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Dear Sir, I am working on similar research which involves identifying patterns from stochastic oscillator, MACD and parabola patterns. At this point, I cannot commit that I can complete as per your expectation but I Więcej

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I am a PhD student. Have knowledge in the area of stochastic control, which is used in many economical problems

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We have a team of professionals who have vast experience in the field of programming, Statistical analysis, data sampling. We have professionals who have been providing trainings in MS-Excel and Statistics.

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I have done many projects on Elance on Statistics formula Analysis. I am a Teacher with over 12 years of experience.I am specialized in writing thesis and research papers in APA,MLA,Chicago and Harvard format. I am Więcej

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Hello, We are PhD in statistic having experience with similar projects, and we would like to work on your project, lets discus it further via chat Thanks Kind regards Robin

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