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Objective Thinking And Trading

  • #121
  • Edited 4:10am Apr 5, 2021 3:57am | Edited 4:10am
Attached Image

I have uploaded two EA on this link of mine. Random trading EA and Planned pending trading EA

https://www.forexfactory.com/thread/post/13481615#post13481615

Both EAs are from me, a discretionary trader, who trades one or two markets. But for now - because of spinal stenosis issue- I am thinking of using EA for semi automated trading.

As usual, I trade in the dark looking for momentum. I have no idea what will happen next. Again it's hit and run or hit and miss kind of situations. But because of real life experience of extensive and regimented practice I am able to trade on intuition with total confidence.

The EA also can be used by those who believe in 100% mechanical trading and want to trade in many markets.
I have kept the EA logic to bare minimum and can be used even on Hedging broker platform using same margin for buying and selling of same symbols.
A 20-year experienced programmer has done it for me.

I am sharing the mqls so that developers can build on them using their own strategies and filters. The more complicated they will make, the less profitable it will be.
Practice makes a person perfect
  • #122
  • Apr 5, 2021 6:14am Apr 5, 2021 6:14am
Quoting simnz
{image} I have uploaded two EA on this link of mine. Random trading EA and Planned pending trading EA https://www.forexfactory.com/thread/post/13481615#post13481615 Both EAs are from me, a discretionary trader, who trades one or two markets. But for now - because of spinal stenosis issue- I am thinking of using EA for semi automated trading. As usual, I trade in the dark looking for momentum. I have no idea what will happen next. Again it's hit and run or hit and miss kind of situations. But because of real life experience of extensive...


simnz,

On first look it is in fact an execution management tool duet. Would that be correct? If so, then ok fair enough. Obvious Q's time .... I see on the pic of the panel it says US30, Is it calibrated only for Dow or for other asset classes as well? And I see you're trying out a TF and Time based approach for close or exit. Have you considered using a Price-Time Decay process with internal clock? It is what I use a lot as it offers the strengths of time decay and "higher up/lower down vs sideways congestion activity as the "if/then" of the process inline with time-price decay. Similar to working options but for use as a flexed trailing stop as time and price decay via mt4. The coding for mine was WAY over my head so I got a guy to do it for me. Perhaps "your guy" could help you with this. For me it solved the 'don't change the TF at or during trade as it messes with EA functionality' problem. Of course I'm thinking in terms of forex and those people who trade FX, BUT, the premise is still the same, no matter the market. I tried the glued TF approach but I find the basic internal clock method more congenial but I must add that I am using mt4 for testing and research, more than actual trading. Just my thoughts.

As far as programmed execution and trade management tools go, it looks good. I hope it does well in helping people execute their trades more clearly and succinctly.


Peter
Real Trading is not gambling.
  • #123
  • Edited 7:14am Apr 5, 2021 6:38am | Edited 7:14am
Quoting PeterCaleb
{quote} simnz, On first look it is in fact an execution management tool duet. Would that be correct? If so, then ok fair enough. Obvious Q's time .... I see on the pic of the panel it says US30, Is it calibrated only for Dow or for other asset classes as well? And I see you're trying out a TF and Time based approach for close or exit. Have you considered using a Price-Time Decay process with internal clock? It is what I use a lot as it offers the strengths of time decay and "higher up/lower down vs sideways congestion activity as the "if/then" of...
Most of the money I made was from selling of EurUsd future options (earlier DemUsd) since late 80s. But after switching to futures/spot momentum trading I have shifted forever to index trading. I learned about algo designing by looking at the structure of each and every indicator or EA I found on FF and filled my brain with those logics. I trade on Interactive Brokers and use MT4 or MT5 for studying indicators and EAs mainly. I use the MT4 platform to watch and get the feel of the market and the birth of momentum. I use probability studies to determine the sizes of SL, TP. I don't use breakeven, trailing stops, or any risk control devices. Just equity % loss or profit to know where I stand in terms of capital. Probability studies done by collecting data through CV spreadsheet helps a lot in determining the sizes of realistic TP and SL.

Price Time decay: Because of my vast experience in options, I did try and that's why I have inserted a logic in the random trader to use Both Selling and Buying together (Bull active now and after some time turning bearish so generating gains on both sides) based on some bias of direction based on my TIMING.

Honestly, random trader generates huge returns in a very short time if you have the skill of timing (second-guessing the market moves).

Major problem with FF readers (with no exception) is that they think they know all and are quite close to finding the holy grail. No exceptions. Nor are they interested in spending time on practising. Even though they are operating in cognito and anonymously, they get irked by any suggestion of practice. Cutoff from the realities of the world, they are under tremendous pressure to perform. Mostly from 40+ age group. Peer pressure, I guess. The younger lot, in any way, are looking for effortless quick solutions and their attention time span is quite short. I am trying to make quick lessons and hope to help them self-train.
Practice makes a person perfect
  • #124
  • Apr 5, 2021 10:24pm Apr 5, 2021 10:24pm
Quoting simnz
{quote} Most of the money I made was from selling of EurUsd future options (earlier DemUsd) since late 80s. But after switching to futures/spot momentum trading I have shifted forever to index trading. I learned about algo designing by looking at the structure of each and every indicator or EA I found on FF and filled my brain with those logics. I trade on Interactive Brokers and use MT4 or MT5 for studying indicators and EAs mainly. I use the MT4 platform to watch and get the feel of the market and the birth of momentum. I use probability studies...


I can appreciate that. It does take a lot of time to truly imprint what the market is doing into your mind, to then make sense of it. Yes I admit sometimes, even though I have read through information, at times if I'm tired, I neglect to see certain things. My input was only a suggestion but looking back now, deep down, I already knew you probably had tried that approach. Indeed there is STILL no replacing the doing of preparatory learning and research. I too wish people understood this more clearly. Even the most naturally gifted or talented person in their field, needs to practice and refresh and review. Hihihihihi, yes indeed timing is a door opener and offers a great opportunity to the keen observer. I can attest to that.

Instant gratification seems to be a real problem now.

As a gentle observation here, I didn't know your back problems were so bad. Is there anything to be done for it? (I don't expect you to speak openly here about it, I just didn't know of its severity)


Peter
Real Trading is not gambling.
  • #125
  • Apr 6, 2021 1:30am Apr 6, 2021 1:30am
I'll make this a quick one as I think it's a fairly simple concept ......

It's about nuances and idiosyncrasies.

I want you to forget about trading for a moment and think about someone who plays poker. But ONLY focus on the idea of someone having a "tell".

A tell in poker is a change in a player's behavior or demeanor that is claimed by some to give clues to that player's assessment of their hand. A player gains an advantage if they observe and understand the meaning of another player's tell, particularly if the tell is unconscious and reliable.

I'm sure many on this site over the years have tried to speak about this. And so it's my turn with my perspective on it.

With respect to whoever has tried to explain this to you, there's one form of example that I consider EVEN MORE instructive and educational than any other I've encountered thus far.

Here goes ....

I want you forget about poker and a "tell". And forget about trading for now. And all I want you to do is think about all those dirty little details that you KNOW you miss each day while trying to trade or trying to create new strategies.

And consider this .... what are the subtleties you can think of right now that the market shares with you? Take your time and really think about this. Even make a list if you can.

And now consider ....


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........this guy's perspective.

My way of seeing the activity of trading is this ..... if you are serious and dedicated and you persevere, you must, at some point, come to know something about YOU that defines your central story, your life's reason for seeking the solutions that you do. And don't say money. That's a silly response and the sooner you realize and accept that this is a response based on ignorance to that query, the sooner the finer points in trading will make the most sense.

"The dynamics of people are always the same, regardless of whether they think they have different 'reasons' for wanting to trade."

It is a definitive FACT that some information exists that you will NEVER be privvy to in the world of trading, it is therefore reasonable to accept that you're going to need to pay attention to more than just the obvious stuff that shows up in front of you. This is where the nuances and idiosyncrasies come into focus.

And while some people will discuss these re: the market, others try to relate them to you as the trader. What you need to train your mind to do, is this - come to realize that thinking in polarized ways like this is not helpful. You need to combine ALL of it and then step back and look at what has now become your view of it.

There are all manner of metaphor floating around out there to try and describe what this is. The simplest one is always the truthful one.

Any nuance or idiosyncrasy that can be observed by YOU is then determined as usable in your trading. I will say this a different way so you really understand the strength of this = Whatever point of activity the market makes known, is thus observable by you. And if it is observed by you, then your brain will "store it" and can be accessed later for many purposes. But here's the problem - for most people, especially when starting out in trading, this is your view........


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This is backwards thinking. When these two are present, they combine to limit and disable a person's opportunity to learn.

"It is better to do a thousand little things competently instead of just one big thing badly." ....... Sound familiar ???

One of the reasons why so many people differ in their perspective of HOW to trade the market they trade, is in the way they observe NOT the big things but the very LITTLE things.

The market, like your perception, is man made, despite what some people claim. If you have lived enough of Life you come to see this basic truth. Now this truth is very powerful to help you to learn. But first you need to do some growing up. NOT always fun but IS necessary. Specific realities must be understood. The simplest is in how you setup your view of something. Do you need lots of "stuff" or are you satisfied with just the basics? Do you prefer to listen to other people or are you more confident doing it yourself?

Just like you, the market MUST have a certain amount of order and chaos. This is healthy to keep a balance. And by keeping a balance, you get to observe several nuances and idiosyncrasies. Understand?

E=Mc2

Energy/market activity = mass/style of movement x speed of light/rate of movement of price over time x itself (the market and YOU)

I'm not trying to be "smart" here or to complicate things. It truly is a very simple and truthful way to understand this.

So the very small things are not always small. It's when your focus is broken or stretched too thin, that these things are missed or perceived as small or insignificant or inconsequential.

The quickest and easiest way for someone to learn more about themself is to find out if they are MORE of one side or the other = more intellectual or more emotional. If you're not prepared to do this, let me tell you truthfully right now, as a person who has been actively trading for a long time, quit trading and go do knitting or something more recreational and passive. The markets will eat you alive because you refuse to learn what it is all about and how to work WITH it.

There's an old wisdom - the more you learn the more it unveils. It's very true.

But to most people a nuance or idiosyncrasy is just a word. So here's a good eg of a market lifting its skirt and showing you something of its internals ......


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Now list how many basic characteristics you can see going on. The more detail you observe the more you will learn. And in doing this, you will thus learn to BE more observant.

One way for people to learn is to work backwards AND forwards on their charts. DAAAHH !! I hear you say. But I am talking about creating a collage style snapshot of the past and then literally pasting it onto the 'future' of the chart. Why? Not everything reverses and not everything leads away. And seeing as traders are trying to profit from the past repeating itself ..... uuum, you can see where I'm going with this right ?! Oh good !! Hihihii.

The smaller details only present when you are paying attention. And you can only pay attention when your mind is clear of fake goals. You have price based nuances as well as rhetoric based nuances. But it all depends on how you function and how you choose to anchor your thinking. So while many try to force their view, I choose to be well rounded so I can understand as well as make money from my trading.

I told you this would be a quick one.


I hope that helps.

Peter
Real Trading is not gambling.
  • #126
  • Apr 6, 2021 10:43pm Apr 6, 2021 10:43pm
Here's one topic that most people think they know all about ..... until they have deeply tested the many directions it can go and the many facets it can expose.

**As an added note here, a current contributor here on this thread, simnz, has spoken about specific ingredients of what it takes and how to go about becoming a prudent and productive trader. For any up-n-coming trader, it's essential to learn, NOT just copy or imitate. So I suggest you take a look and have a very good read of his threads -

- https://www.forexfactory.com/thread/1049492-new-year-stress-free-trading-system-for-traders-with

- https://www.forexfactory.com/thread/1055954-walk-the-talk-from-a-fun-loving-discretionary


Now back to this post's main focus, that also incorporates what simnz's talking about and trying to help people learn and understand.

Context and Timings

Most people make the mistake of assuming they know something without any regard to the situation it's placed in. For eg. - There are several obvious forms of timing in the financial markets, just as there are several interpretations of each moment's market activity. But the problem is, opinion and a belief will only get you to a certain point before they become irrelevant and useless. So you have to put in the time and effort to look beyond what everyone else is focused on and you need to dig deeper.

Some of the obvious timings include - time of day, timezone, session of day (where appropriate), time of session (where appropriate), time of price, external timing of news or announcements, timing of rollover (where appropriate), timing of trade (setup - either entry, exit or follow up).

Some of the more personal timings are - when you wake up, when you begin to be mentally alert for the day, when you are 'in the mood' to trade, when your visitor or guest is to show up, when they're turing off your electricity to do maintenance, when you have to go out, when you drop your phone for the final time before it breaks and is now dead.... for good.

Psychologically, people seem to segregate the first list from the second as if they are different from each other. And this is usually where problems begin.

The market is, in some ways just like YOU. It rests, eats, breathes and gets its exercise. It thinks and even feels. Now I know many people will think I've gone 'batty' but really, if you really stop and spend some time thinking about it, in its own form and ways, it does exactly the same things you do. The difference, is .......

Context.

A simple way to understand (NOT comprehend by word definition alone) the real nature of context is to place yourself out in the world in some way where you are faced with two different scenarios - 1. Where you are confident and comfortable with the situation, & 2. Where you are completely outside your comfort zone and are just about to pee your pants.

With this approach, it fits in perfectly with many people's 'black and white' way of seeing things and how they think towards themself, other people, situations that involve them personally (And do NOT involve them), other outside world situations that people seem to assume are out of their control or beyond their scope of personal responsibility.

If you're really paying attention here, you will notice what I am hinting to. If you are one way out in the 'real world', it's very highly probable that you are also like that with your trading.

If you are scared, laxadaisical or unnaturally overconfident out in the 'real world' then this will come through in your trading. If you're like me, you are curious about what people are like when using social media and other forms of communication.

Why?

It's a very strong precursor to what their attitudes and beliefs are towards both small and big issues alike. But I must say here, that the process of coming to understand this is done objectively without judgment or malice, only using observations. They tell the story in a FAR more truthful way than any psych evaluation. And when done properly, helps you go FAR beyond behavioral science and all the rest of it.

So how a person IS, as a person, plays the BIGGEST role in what they reflect on when alone in the dark at night. Most of what you read and see online about all this is flaky at best. But only someone who has experienced enough of all this, can tell the difference. THAT is the point of this post and this thread, to air the types of misnomers and falsehoods that go FAR beyond just trading but DO in fact have everything to do with trading.

'Modern man and woman' has based their world view on assumptions and this comes through in their trading activities. For eg. - you have 'trend traders', 'counter trend traders', 'scalpers' and so on. But when it's time to place an order to market, does ANY of that really matter?

Of course it doesn't..... "IN A SPECIFIC CONTEXT". To the person placing the order YES it matters but ..... why? Because they have their own money wrapped up in that moment? Because they have put a lot of time and effort into devising that strategy? Because their value and worth is carved into that action .... as well as the outcome that follows?

The smart thing to do here is to NOT dismiss this. It is genuinely tragic to watch good people fail over and over again, because they will not accept that THEIR psychology is what sees and thus interprets AND interacts with ALL of their activities. But forget all the BS about 'success training' and 'path to wealth' etc. That's just marketing spiel. You'll learn this simple truth when the REAL work begins "building your success". Hihihihihi.

What most people need is a broader contextual understanding. By using a simple ratio of 99:1. 99 parts observation to 1 part context.

Context in this way is about observing that same noted point/item in many situations. And then building on that item from a number of perspectives, in that particular situation as a way to appreciate (NOT judge or have any opinion - just be thankful that Life has shown this to you so that now you have a better/clearer/deeper awareness of all sides of the coin).

Some might call this process 'pattern recognition' but it goes far beyond this. I have learned that this is what children do, trying to label something to 'explain it' and therefore, they stop learning because they believe they now... 'know'. Think of your awareness as a personal library of knowledge, life lessons and many reviews you've performed of many things, situations and people.... but NEVER in the form of inferior vs superior. Always neutral so you can continue to learn. In trading terms, this is your hindsight.

Personal psychology is rather simple really. I spent many years delving into many areas of Life and came out the other side to realize that we are the cause of the many effects of what we see. BUT .... here's the problem ..... IF there is little self worth and self respect present, then you get caught up in "movements" or "group interests" that cloud the basic truth. So in this way, we are not responsible for EVERYTHING, but we DO contribute. I'll let that sit with you for a bit, so you can genuinly process it.

Context is the same. If you're just chasing money with your trading, you will have a hard time responding to any changes that go on in the world. Why? Because you're too super-focused and have created a type of tunnel vision for yourself. So the hunter has now become the hunted. Without any peripheral vision, you are blinded.

Now to understanding. Some people think this is about "sharing your feelings" or 'taking sides'. Maybe in certain situations it happens. However this perspective of understanding is more about having a fuller scope of observation and appreciation of who and what's involved.

** I have learned the following to be a truthful fact re: Life on planet Earth - if you can't do it in your real life you can't do it through your trading activities. PERIOD. End of story. I call this 'wisdom' = PROOF OF LIFE. Because it is through basic life lessons that we find out what is true for all of us.

There are three ways personal psychology is improved ...
- Through you
- Through someone else
- Through something else

And there are two ways personal psychology is applied ...
- To help you or someone else
- To hurt you or to hurt someone else.

IF you take onboard ONLY this understanding and couple it with the process of observations, you can learn many times faster than someone who walks in the dark HOPING someone will help/save them.

As always, this information offers full transferability between your 'real life' and your trading activities. But the learning process and responsibility is yours. Either you see that you possess genuine self worth and self respect or ... you do not know that you have it. If this is the case then I think you know what the next step is.

"There are always fewer contradictions and far less confusion with the presence of context."


I hope this helps.
Peter

PS - Pics below that could be helpful



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Real Trading is not gambling.
  • #127
  • Edited 6:55am Apr 7, 2021 6:02am | Edited 6:55am
Quoting simnz
{quote} Most of the money I made was from selling of EurUsd future options (earlier DemUsd) since late 80s. But after switching to futures/spot momentum trading I have shifted forever to index trading. I learned about algo designing by looking at the structure of each and every indicator or EA I found on FF and filled my brain with those logics. I trade on Interactive Brokers and use MT4 or MT5 for studying indicators and EAs mainly. I use the MT4 platform to watch and get the feel of the market and the birth of momentum. I use probability studies...
Random Trading is my first attempt at capturing my experiences related to trading of spot and options . I started with options trading for 15 minutes a day for 7 years. I have shared my actual experience with a thread with the following link
https://www.forexfactory.com/thread/1064477-options-and-momentum

I have just modified Random EA to include Direction bias. I am uploading it here .

It is linked to Time of start and end. Entry and Exit is also by Time (TF). If my selection of time is OK it will work well. If my market bias for longs or shorts by way of % of lots sticks, it will perform well.

Selection of percent of lots is to have some bias for Long or short. Mainly options way of trading. If I select 70% buy I expect buy to prevail initially and hit all my long 70% entries by TP and then reverse to hit rest short 30% entries. Hopefully, before the exit by TF or SL. This will work provided the Broker has hedging facility on its trading platform with an ability to buy and sell same symbols without liquidating positions and requiring extra margin. For netting platform, percent has to 0 for it to execute Long and 100 if has to execute Short.

Now I have made it more explicit by including a new input specifying the direction of first trade: Any, Buy or Sell. For netting platform it has to be either buy or sell.

The EA is triggering entries based on ticks and a time delay if more than 1 entry is involved. By selecting the direction, I am making clear as to my direction bias.

Attached File(s)
File Type: mq4 Random EA.mq4   14 KB | 319 downloads

This EA is banking upon your ability to track market moves. Market moves on any single day in both UP and DOWN direction. Except in instances where the market keeps moving in one direction gaining 100% and giving back 25% or 20% or 10% temporarily by reversals for the day. Easter Day holidays provide such opportunities for the market makers to take the markets to a high using 85% in targeted direction to 15% reversal issues and then create volatility both for spot/futures and option traders. Here you will be steamrolled if you stand in their way. They will execute the trades in such a way you will find it difficult to understand their intentions.

A wrong move and you lose heavily if you have no patience (or rather deep pockets to bear the drawdown) for the reversal to happen. The reversal might take 15 to 180 days to happen.

You can start with a basic premise of how the market will move today first. Long first and correct later. Or reverse first and recover later.

This EA is for traders, like me, who enter market on that basis without doing any kind of pre-analysis except of keeping a note of probable triggers.
In my case now I stopped doing that and have cut down my Screen watching time. I wait for the market to show its hand and then try to jump on the bandwagon. Guessing the moves correctly for 70% of time is good enough.
Practice makes a person perfect
  • #128
  • Apr 7, 2021 6:47am Apr 7, 2021 6:47am
Quoting simnz
{quote} Random Trading is my first attempt at capturing my experiences related to trading of spot and options . I started with options trading for 15 minutes a day for 7 years. I have shared my actual experience with a thread with the following link https://www.forexfactory.com/thread/1064477-options-and-momentum I have just modified Random EA to include Direction bias. I am uploading it here . It is linked to Time of start and end. Entry and Exit is also by Time (TF). If my selection of time is OK it will work well. If my market bias...


It seems you have put a lot of time, effort and thought into your approach with this Random EA. I hope it helps you with your setup. And I hope people truly appreciate just HOW MUCH goes into a real life real working process driven algorithm that a person can run as their own. But seeing as it's a semi-automated approach, hihihihi, people still need to learn how to think and to trade properly. (Sorry folks, no getting around it !) Thanks simnz for contributing that here.

Peter
Real Trading is not gambling.
  • #129
  • Apr 7, 2021 10:32pm Apr 7, 2021 10:32pm

Traders require proper interconnectivity in their mind.


What is this?

For many people, they lack a seamless way to think about all kinds of different topics and subjects that exist all around them. And on top of this, they do not consider the ramifications of circumventing step one in the process of thinking (we'll get to the learning process part soon).

What the hell are you talking about Peter?

To put it bluntly, it took me a long time to realize that if people simply reprioritized their thinking then their lives would change almost instantaneously. Eg - Although there IS great merit in PROPER personal/spiritual development processes, I'm not talking about all that "personal development/spiritual development hoohaa" that is sold on every street corner by all manner of 'guru' or because Dr Phil or Oprah recommends it. If you are "sold" on any of those things then you have been "sold". You have not learned anything. Why bring this up? Because that industry and the financial markets industry, as a whole, are operated categorically in the same way. They use the same triggers, the same extensions of desire and they play on the weaknesses of people's psyche (which includes their information and knowledge base and experience).

For MOST people, they are too comfortable with just an opinion. Why? Less painful? Less challenging? Less responsible?

My lifetime of experience has shown that it is ALL of these things mashed together.

Let's replay that last sentence from the previous paragraph OK....

"They use the same triggers, the same extensions of desire and they play on the weaknesses of people's psyche."

RIGHT THERE !! That is your way in.

Internalized Priorities. People make the HUGE assumption that food, shelter, water, air, clothing .... are all taken into account because 'civilized modern day society' has systems to manage and distribute such things.. But people never seem to understand that THEY, the people, are not the ones who are providing them. They're merely the conduit of dispatch.

So what is step one in the thinking process?

It is LITERALLY about looking at yourself in the mirror. Not metaphorically, literally. To see your face and eyes. No opinion or judgment, just observe.

In that moment you have prioritized your thinking. By ignoring every thing and every person, just for that moment, you have prioritized. So if you can do this for that moment, just looking at a mirror reflection of yourself, then you now have the means to focus on this statement .....

"They use the same triggers, the same extensions of desire and they play on the weaknesses of people's psyche."

To gain true, real interconnectivity, does not require genius, it requires intent, focus and practice = internal priority.

So, can a person change their psyche?

If you ask me, that is what we are BEST at doing.

Sure you have your survival situations - a building collapses due to an earthquake or there's a hurricane etc. But that's just one part of the situation as a whole. That's just survival instincts kicking in.

I'm talking about getting back behind the curtain and going beyond "believing in yourself" etc.

To recognize that every moment in your life has all the topics and subjects present and available for you to access. Google is a very poor substitute.

To create high quality interconnectivity in your mind, and therefore your thinking, requires that the learning process be initiated in an authentic way. It should not be forced or coaxed.

A good way to approach this, is to understand that you are made up of many smaller systems inside a larger system. That the 'outside real world' needs you to be just as connected through something MORE than JUST information to it as does your trading world. But if the hardware (your brain/mind) is not setup to be connected as a human, but instead has replaced this with an artificial point-to-point connection (eg. smartphone or artificial relationships) then the interconnectivity you experience and have available is going to be very limited.

You know what I am referring to here. Asking 'google' every question instead of doing your own research. Is there perhaps something wrong with your brain and your ability to think and process information?

Below is a great example of throwing several elements together into the mixing bowl in real time.

You'll need to access your knowledge of the real world, of you, people, technology, modern day society and social/societal awareness.

Ready?

Here is a link for accessing a documentary that was released in the last few years. It is relevant to everyone including you. This is why I chose it specifically. You can either download it or watch it straight up. But I suggest you DL it so you can review it later.

https://drive.google.com/file/d/1IQJpalpoLPAI00qTLfIUXA4hDFJmkiQW/view?usp=sharing

And once you have watched and reviewed this documentary, take a look at this follow up video. Please do this in this order otherwise you will defeat the purpose of learning how to perform interconnective learning.

https://www.youtube.com/watch?v=5Swqc2NjEXM


See how you go.

I hope this helps.

Peter
Real Trading is not gambling.
  • #130
  • Apr 7, 2021 10:40pm Apr 7, 2021 10:40pm
The trick to being objective is to raise your personal standards above what other people deem acceptable. The previous post re: Interconnectivity is permanently intertwined with being objective. Remember this and you will learn.


Peter
Real Trading is not gambling.
  • #131
  • Apr 8, 2021 10:04pm Apr 8, 2021 10:04pm
To get straight to the point here, seeing as the weekend is coming up ........

People have asked me about 'an edge' and many other things. What I will point out here and now, is this --- one of you BIGGEST weapons to move past ignorance and immaturity is your free/spare time. PERIOD.

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That's it. No mystical secret. Either you learn for the sake of learning or, you are selfishly desiring to learn something purely for your own gain. But I warn you, opting for selfish gain is very shortsighted. People have in the past and still do waste years and DECADES being motivated by this thing. But it always leads back to square one. Back to step one. So save yourself that time and just be open honest and humble from the beginning. About you and about Life. You cannot have one without the other.

"The past is paved with the corpses of the dead who tell all."

Too many people these days are allowing themselves to be merely entertained and in their mind, are creating a kind of idiocracy.

You cannot try to move forward while being pulled backwards lest you go insane.

Peter
Real Trading is not gambling.
  • #132
  • Edited 5:34am Apr 9, 2021 5:21am | Edited 5:34am
THIS IS FOR RAPID LEARNERS AND RAPID ACTION TAKERS


Quoting PeterCaleb
{quote} It seems you have put a lot of time, effort and thought into your approach with this Random EA. I hope it helps you with your setup. And I hope people truly appreciate just HOW MUCH goes into a real life real working process driven algorithm that a person can run as their own. But seeing as it's a semi-automated approach, hihihihi, people still need to learn how to think and to trade properly. (Sorry folks, no getting around it !) Thanks simnz for contributing that here. Peter
Actually, this EA of mine is addressing a need to retain simplicity and work in an environment dominated by virtual interfaces. To me, it is clear that old methods of learning, however ideal they may be, are not going to work anymore - the main issue being the widespread prevalence of short attention span learners. FF is not attracting them. FF is attracting middle-aged traders (who are cutoff from the real world) who need some pretext to engage in social chit-chat or are on an ego trip or finding ways to make money out of selling signals, EAs or teaching courses by providing freebies initially and sourcing buyers.

The fact is that the web is overflowing with all this stuff and is available free of cost. Guys who started with an objective to monetize gave up but good-hearted among them did not erase the contents and threw open the FREE of cost floodgates for learners without any expectations. The web has facilitated this sharing spirit.

This is for those who believe in learning QUICKLY.

Manually, you can draw an Open Daily line. You can have a grid of percentages or Pips set up above and below the Open Line.
Now you can predict Up or Down and trade without any other paraphernalia.
Trading is that simple.
Good for short attention span learners.
Practice makes a person perfect
  • #133
  • Apr 9, 2021 9:16pm Apr 9, 2021 9:16pm
Quoting simnz
THIS IS FOR RAPID LEARNERS AND RAPID ACTION TAKERS {quote} Actually, this EA of mine is addressing a need to retain simplicity and work in an environment dominated by virtual interfaces. To me, it is clear that old methods of learning, however ideal they may be, are not going to work anymore - the main issue being the widespread prevalence of short attention span learners. FF is not attracting them. FF is attracting middle-aged traders (who are cutoff from the real world) who need some pretext to engage in social chit-chat or are on an ego trip...


simnz,

While I do understand and appreciate what you're saying, the problem does not stem from complicated formulae or the site, or any potential back history. It has always started and ended in a person's mind. I sense this is where you and I do not concur. If you give a man a pick axe, he will try his hardest to use it for as many things as he can. Why? Because he possesses no other tools in his hand. So he believes he just has to make the best with what he has. However, if he observes the entire situation properly and thoroughly, he will extrapolate from these observations a world of insight. So while I definitely can see the helpfulness of your suggestion of using a Daily line along with %s and direction, you and I both know that this would simply be an exercise in futility if left on its own. Isolated, what you're describing is more like blindspot gambling, an exercise of entertainment. The act of participating with probabilities within this exercise would help but the tool/resource should never be construed or represented as the source of knowledge and know-how. The simpler and simpler we make it for other people to learn will only feed the fire of further dumbing people down until they truly believe that stupidity is knowledge. People need BETTER information and knowledge not just lots and lots of information thrown at them. You and I KNOW that trading is more than just pushing a button, if it was so easy, then chimps/dogs/cats would be doing our trading for us. Short attention span is the result of chronic exposure to repetitive lopsided decision making processes being actioned out, without the will or knowledge to execute other options that are available. Even people with ADD or ADHD need to exercise their mind and will. Learning quickly requires a steep learning curve, nothing can change this.

So yes, what you have described can be a good exercise in learning how to commune with probabilities, but people must be aware that it is an exercise and not the entire ball of wax re: trading. Seeing as I do not fit into any of the categories you have mentioned above, regarding the reason why I am here, I thank you for your input on this thread.


Peter
Real Trading is not gambling.
  • #134
  • Apr 10, 2021 1:05am Apr 10, 2021 1:05am
Quoting PeterCaleb
{quote} simnz, While I do understand and appreciate what you're saying, the problem does not stem from complicated formulae or the site, or any potential back history. It has always started and ended in a person's mind. I sense this is where you and I do not concur. If you give a man a pick axe, he will try his hardest to use it for as many things as he can. Why? Because he possesses no other tools in his hand. So he believes he just has to make the best with what he has. However, if he observes the entire situation properly and thoroughly, he will...
The issue is people are looking for effortless success. I am talking about cutting the learning curve short.
Using Random trading, manually or using an EA, will stimulate their mind and accept trading is nothing more than speculation.
Trading is a glorified model of the casino. You are betting in the dark. The volatility is unleashed at the sole will of the organized market participants. Only after the trigger has happened, lagging news and lagging indicators come into play.
Historical data does provide useful statistics for understanding patterns which will help conduct speculation in a controlled way.
You are going deeper into the learning process and there will always be takers like me.
For me, learning and taking action worked well.
My focus is mainly on sharing this aspect of my learning.
Practice makes a person perfect
  • #135
  • Apr 10, 2021 3:08am Apr 10, 2021 3:08am
the truth is that we need to accumulate a lot of knowledge within ourselves to just start researching the solution at all.
  • #136
  • Apr 11, 2021 1:05am Apr 11, 2021 1:05am
Quoting simnz
{quote} The issue is people are looking for effortless success. I am talking about cutting the learning curve short. Using Random trading, manually or using an EA, will stimulate their mind and accept trading is nothing more than speculation. Trading is a glorified model of the casino. You are betting in the dark. The volatility is unleashed at the sole will of the organized market participants. Only after the trigger has happened, lagging news and lagging indicators come into play. Historical data does provide useful statistics for understanding...



I do understand what you are saying and meaning. What I would suggest is to spend some time looking at this picture and investigate things further.


Peter
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Real Trading is not gambling.
  • #137
  • Apr 11, 2021 1:11am Apr 11, 2021 1:11am
Quoting tiborf71
the truth is that we need to accumulate a lot of knowledge within ourselves to just start researching the solution at all.



Observe. Choose. Commit. Investigate. Review. Investigate further. Review. All of this while being open, honest and humble to the truthful reality you find, without prejudice or preference of what you find.

The learning curve IS the knowledge and the solution. Right vs the truth.

Not trying to get all mystical or philosophical. Just saying.


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Peter
Real Trading is not gambling.
  • #138
  • Apr 11, 2021 11:49am Apr 11, 2021 11:49am
Quoting PeterCaleb
{quote} Observe. Choose. Commit. Investigate. Review. Investigate further. Review. All of this while being open, honest and humble to the truthful reality you find, without prejudice or preference of what you find. The learning curve IS the knowledge and the solution. Right vs the truth. Not trying to get all mystical or philosophical. Just saying. {image}{image} Peter
You are right. The difficult part is wrapping your head around it, unloading a lot of false conditioning, maintaining a constructive mindset, and shedding illogical fears. The challenge here is your own self development… to grow into the man or woman who won’t block themselves from doing this.
Practice makes a person perfect
  • #139
  • Apr 12, 2021 5:10am Apr 12, 2021 5:10am
Something that may help you ..... the following is not my video nor am I advocating anything EXCEPT higher quality thinking and living ..... I hope you enjoy and learn something......


https://www.youtube.com/watch?v=k55_ukeLez8


Peter
Real Trading is not gambling.
  • #140
  • Apr 13, 2021 7:50pm Apr 13, 2021 7:50pm
https://www.youtube.com/watch?v=y5x-KjBME_E

....just rippling through the cosmos
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