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Is forex education misleading or everyone is stupid?

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  • Post #1,221
  • Quote
  • Apr 9, 2022 11:43pm Apr 9, 2022 11:43pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
And the reason why Night strategies work is so simple: it is because it's when there's a recognizable pattern!
Ignored
Son -- I'll try to break this to you as delicately as I can -- the earth is not flat. We live on a sphere that revolves around the sun with different hemispheres and time zones. Forex markets trade 24/5 -- night never falls when the markets are open. Mr. Tesla would certainly be embarassed by some of the moronic utterances that you compose here.

With regards to trading only when it is dark, a mate here was confused and asked if I could shed some light (pun intended) because you and I are in constant contact. He's a profitable trader, but he trades when the sun is out. The people in his community refer to that time as "day". Approximately 12 hours later he goes to sleep when the sun is not out, and the people in his community refer to that time as "night".

@captalTrader -- so, when you say "dark" are you referring to when the sun is not out and, if so, are you aware that when it is dark for you it is light for half the planet? Us struggling traders need to know so that we can reset our sleep patterns to match with yours.

When this thread began I at first thought you were a smart -- though, misguided -- fellow who was simply full of himself because he just learned how to use a computer and crunch some numbers. Then I thought you were rather arrogant in how you lectured people how to trade -- and at the same time acknowledging you don't trade. And then I realized you were a narcisist when you attempted to rationalize your failures by identifying with Tesla and suggesting you were also a man ahead of his time. And know I know you are actually a moron -- who believes the earth is flat and when it is "dark" for you it must also be "dark" for everyone else.

@captalTrader -- what does one have to do to get banned from your thread? Are you also a masochist?
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  • Post #1,222
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  • Apr 10, 2022 12:10am Apr 10, 2022 12:10am
  •  mixedbags
  • Joined Apr 2019 | Status: Member | 809 Posts
Quoting robots4me
Disliked
{quote} Son -- I'll try to break this to you as delicately as I can -- the earth is not flat. We live on a sphere that revolves around the sun with different hemispheres and time zones. Forex markets trade 24/5 -- night never falls when the markets are open. Mr. Tesla would certainly be embarassed by some of the moronic utterances that you compose here. With regards to trading only when it is dark, a mate here was confused and asked if I could shed some light (pun intended) because you and I are in constant contact. He's a profitable trader, but...
Ignored
How wrong can you be? He is trading off a supersonic jet that follow the sunset.
 
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  • Post #1,223
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  • Apr 10, 2022 12:20am Apr 10, 2022 12:20am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting mixedbags
Disliked
{quote} How wrong can you be? He is trading off a supersonic jet that follow the sunset.
Ignored
My bad -- yes, yours is the more likely explanation...
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  • Post #1,224
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  • Apr 10, 2022 4:44am Apr 10, 2022 4:44am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Here's what I recently find out. There's people or traders who believe that somethings just can not be automated that human touch is sometimes needed

Well this must have been made up by a Guru somewhere claiming a working strategy that he was selling & teaching, because a certain clever or woke individual asked to put the idea into paper and analyse it, if it's Indeed profitable

Like, everything you see on your terminal is just numbers! And all numbers are analysable. There is no strategy that cannot be automated

In 2015 after I discovered MetaQoutes, I just fell in love with their work, so I learned their language, which is just C+. So I'll search these strategies online and code them, I then discovered a website with a lot of strategies together in one place, I believe the website was called strategies revealed? Don't know if it's still online.

I'd code those strategies one by one and they all failed dismally, that's is when I started to question things. I then stopped taking Forex jobs because all I did was to copy and paste code. I would barely get a job with something unique. The last Forex job I did, was a guy requesting his EA to be able to self optimize his strategy would only work in the past basically not letting go of the past. The idea of optimization is weird to me. Anyway that guy went on to sell that crap EA if his for $2000 because of the magical ability to self optimize and poor people fell for it, it was the best new thing!. The EA CPU usage was 90% optimization Vs 10% actually trading

Anyways, MetaQoutes is a masterpiece, those Russians really did great! So currently, there's nothing that can't be automated.
 
 
  • Post #1,225
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  • Apr 10, 2022 4:54am Apr 10, 2022 4:54am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
To prove the point I made above, someone can give me an un-automatable example and I'll code it in 3 hours😅😅😅😂🤓😎
 
 
  • Post #1,226
  • Quote
  • Apr 10, 2022 5:15am Apr 10, 2022 5:15am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
Here's what I recently find out. There's people or traders who believe that somethings just can not be automated that human touch is sometimes needed Well this must have been made up by a Guru somewhere claiming a working strategy that he was selling & teaching, because a certain clever or woke individual asked to put the idea into paper and analyse it, if it's Indeed profitable Like, everything you see on your terminal is just numbers! And all numbers are analysable. There is no strategy that cannot be automated ...
Ignored
You don't even trade and, yet, you have no hesitation posting some of the most assinine comments I've read in years. There are styles of trading that require various degrees of discretion. Maybe it's an indicator that requires a threshold -- so, what should that threshold value be? Do you know? Does it depend on the pair or time frame? Does it depend on the market conditions and behavior? You don't know. The newbie trader might use one value and the experienced trader another. "Experience" can't be coded.

@captalTrader -- do you know what people mean by "market conditions"? Are you aware that market conditions will affect the results of your number crunching? Do you even know how to quantify current market conditions?

You failed with your strategies because you are a shallow thinker and you repeated the errors of your ways in every strategy you coded. Just because you can cut / paste code and compile it does not make you a trader. For someone with no accomplishments and an inflated ego, that's a bitter pill to swallow, eh?

Keep the drivel coming -- you've just lowered the baseline for the worst trading advice in this forum. Anything anyone posts from this point forward will be considered an improvement...

BTW -- you still haven't answered our questions about trading in the "dark". How does everyone in the world trade in the "dark" at the same time?
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  • Post #1,227
  • Quote
  • Apr 10, 2022 5:16am Apr 10, 2022 5:16am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
To prove the point I made above, someone can give me an un-automatable example and I'll code it in 3 hours
Ignored
You're on -- code an indicator that includes a threshold -- any indicator.
1
 
  • Post #1,228
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  • Apr 10, 2022 5:17am Apr 10, 2022 5:17am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
And the Guru who taught people they idea of defining risk by setting a fixed number of points to exit a trade, did a great damage! That's a major flaw right there!!!

For example, with a strategy of a moving of past 50 period Vs 10 period. Buying and Setting 200 points take profit for example is so ilogical and doesn't make sense.

Firstly, did the price during the last 50 period or 10 period move about in a average of 200 points? Meaning in the future it's likely to move far as 200 points? What is your 200 points based on exactly?

Who came up with all of this really? Are they now millionaires? What is the logic behind it?
 
 
  • Post #1,229
  • Quote
  • Apr 10, 2022 5:20am Apr 10, 2022 5:20am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting robots4me
Disliked
{quote} You're on -- code an indicator that includes a threshold -- any indicator.
Ignored
Describe threshold to a 7 year old and I'll do it
 
 
  • Post #1,230
  • Quote
  • Apr 10, 2022 5:23am Apr 10, 2022 5:23am
  •  Lazar83
  • Joined Jun 2010 | Status: Member | 456 Posts
Ok here is a challenge for you, try to automate Market profile strategy. Problem with any coder was a definition of a trend, so all MP strategies are notorious for coding.
Attached File(s)
File Type: docx Market ProFile trading methods_Dmitry Sapegin.docx   204 KB | 75 downloads
Help to be helped.
 
 
  • Post #1,231
  • Quote
  • Apr 10, 2022 5:24am Apr 10, 2022 5:24am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting robots4me
Disliked
{quote} You don't even trade and, yet, you have no hesitation posting some of the most assinine comments I've read in years. There are styles of trading that require various degrees of discretion. Maybe it's an indicator that requires a threshold -- so, what should that threshold value be? Do you know? Does it depend on the pair or time frame? Does it depend on the market conditions and behavior? You don't know. The newbie trader might use one value and the experienced trader another. "Experience" can't be coded. @captalTrader -- do you know what...
Ignored
Lowered the baseline?

Which advice is currently ranking the highest and the lowest before I came????
 
 
  • Post #1,232
  • Quote
  • Apr 10, 2022 5:25am Apr 10, 2022 5:25am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting Lazar83
Disliked
Ok here is a challenge for you, try to automate Market profile strategy {file}
Ignored
I'm reading this I'll report back in a minute
 
 
  • Post #1,233
  • Quote
  • Apr 10, 2022 5:28am Apr 10, 2022 5:28am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting Lazar83
Disliked
Ok here is a challenge for you, try to automate Market profile strategy. Problem with any coder was a definition of a trend, so all MP strategies are notorious for coding. {file}
Ignored
But a trend definition is simple and time relative.

HH HL up
LL LH down

The question is relative to what time. Simple
 
 
  • Post #1,234
  • Quote
  • Apr 10, 2022 5:28am Apr 10, 2022 5:28am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
{quote} Describe threshold to a 7 year old and I'll do it
Ignored
Dude -- you claim to be a programmer and you don't know what a threshold value is? A threshold is number. When the metric (e.g. price) you are monitoring exceeds the threshold value then an event is triggered (e.g. a trade). Code a moving average that triggers a trade when it exceeds some threshold price. Is that too tough?

The fact you asked that I describe it for a 7-year old reveals the level of your codng skills. And you've been coding MQL since 2015?
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  • Post #1,235
  • Quote
  • Apr 10, 2022 5:34am Apr 10, 2022 5:34am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting robots4me
Disliked
{quote} Dude -- you claim to be a programmer and you don't know what a threshold value is? A threshold is number. When the metric (e.g. price) you are monitoring exceeds the threshold value then an event is triggered (e.g. a trade). Code a moving average that triggers a trade when it exceeds some threshold price. Is that too tough? The fact you asked that I describe it for a 7-year old reveals the level of your codng skills. And you've been coding MQL since 2015?
Ignored
Dude just describe to me in a clear manner what threshold you're talking about and I'll do it then after that you are welcome to judge my coding skills

Threshold value of hydrogen before the sun run low and expand?

Again describe it to me slowly without hate and throllsm

Go!
 
 
  • Post #1,236
  • Quote
  • Apr 10, 2022 5:35am Apr 10, 2022 5:35am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
{quote} Describe threshold to a 7 year old and I'll do it
Ignored
Oh, yes, I forgot. It can only trade when it's "dark"...
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  • Post #1,237
  • Quote
  • Apr 10, 2022 5:39am Apr 10, 2022 5:39am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
{quote} Lowered the baseline? Which advice is currently ranking the highest and the lowest before I came????
Ignored
The lowest is where a frequent poster in the TMS thread thought the Y-axis on an MT4 chart was in $ (instead of being a ratio). And the highest was the recent post in my Focal Points thread where I pointed out that backshifting wasn't necessary. @captalTrader -- you happy now?
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  • Post #1,238
  • Quote
  • Apr 10, 2022 5:47am Apr 10, 2022 5:47am
  •  robots4me
  • Joined Dec 2017 | Status: Member | 4,378 Posts
Quoting captalTrader
Disliked
{quote} Dude just describe to me in a clear manner what threshold you're talking about and I'll do it then after that you are welcome to judge my coding skills Threshold value of hydrogen before the sun run low and expand? Again describe it to me slowly without hate and throllsm Go!
Ignored
We're talking about MT4, right? What choice do you have for data? Let me think a moment -- wait, it is coming to me -- hey, how about price. As far as I know, all we have is tick data. I don't know -- maybe you're aware of other data that those brilliant Russians stream to our terminals. So, genius, we're talking about price (not hydrogen).

Okay -- I'll make it even simpler for a 5-year old:

1. chart a moving average.
2. when the moving average is N pips above the close of Bar[1] then open a BUY trade.
3. when the moving average is N pips below the close of Bar[1] then open a SELL trade.

'N' is the threshold value.

The EA takes two input settings: the period of the moving average, and the threshold value of 'N'

Oh, yes, I keep forgetting. It only trades when it is "dark". You can implement that however you wish...
1
 
  • Post #1,239
  • Quote
  • Apr 10, 2022 5:51am Apr 10, 2022 5:51am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting Lazar83
Disliked
Ok here is a challenge for you, try to automate Market profile strategy. Problem with any coder was a definition of a trend, so all MP strategies are notorious for coding. {file}
Ignored
Ok I looked into this and it looks simple. What exactly is supposedly not automatable? I will not do the whole strategy, that would be work

On forex, we don't have volumes. Meaning as mentioned there, it's for stocks?
 
 
  • Post #1,240
  • Quote
  • Apr 10, 2022 5:54am Apr 10, 2022 5:54am
  •  captalTrader
  • Joined May 2017 | Status: Member | 377 Posts
Quoting robots4me
Disliked
{quote} Oh, yes, I forgot. It can only trade when it's "dark"...
Ignored
Who said that? That you must trade when it's dark? That's funny
 
 
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