Is forex education misleading or everyone is stupid? | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Education 78 replies

forex education 24 replies

Education IRA (forex)? 2 replies

Just finished forex education, what should be my next path? 12 replies

Stocks vs Forex - Is everyone suited for forex? 18 replies

Attachments: Is forex education misleading or everyone is stupid?
Exit Attachments

Is forex education misleading or everyone is stupid?

  • #501
  • Jan 27, 2022 6:58am Jan 27, 2022 6:58am
Quoting gepards
{quote} you just talking like guru who neglects his own logic. when you state "past means nothing" then why build EA which calculates past data to get probabilities? why publish results if past is done and gone and means nothing? see that was illogical and that I pointed out regarding your EA results - indeed looks good 0.56 lots for 200usd account might be too much but ok SL is 5 pips, so the risk for 1 deal is 13% of the account here. Then I see when smaller lots size then SL in pips more - for example 12 pips. Good...
The problem is that you think I'm doing what how you do things. You think there's only one way of doing things. That's called being.... I don't know but you're not open minded at all.

1. First of all, I don't use past data to calculate probabilities.

2. If I don't post the past how would someone wanting to put an input see if the idea works or not? You just can't accept it that I don't use historical charts Don't you? And it's okay, it's hard to impossible to unlearn something.

3. Your math is probably wrong, the worse ever Risk this EA will ever take or took is less that 6%. Again, what are pips? How do those help one to be profitable????? I don't care about pips, they don't matter, I don't calculate pips. I take risk, I calculate how much risk and that is all. Of 100 lots will results in a 5% risk trade, then 100 lots will be traded.

4. That 56 lot trade was a bug, I even enquiry about it on mql5. If you'd care to notice, it's 2x risk, meaning it's 10% and bug was fixed. If you can check my timeline on mql5, I did address the but and it affected December's results. Notice how the trade was done seconds after the entry? That's a bug. EA takes time to calculate. It's impossible for trades to be that close.

Martingale is a gambling strategy that requires infinite amount of money. It's stupid.
  • #502
  • Jan 27, 2022 7:01am Jan 27, 2022 7:01am
That ea doesn't have a entry strategy, it doesn't use charts and doesn't calculate pips.

Why is it so hard to acknowledge that something is different and ask how???????

Every trade will be either a 5% loss or 5% gain forget about your pips
  • #503
  • Jan 27, 2022 7:05am Jan 27, 2022 7:05am
Quoting captalTrader
That ea doesn't have a entry strategy, it doesn't use charts and doesn't calculate pips. Why is it so hard to acknowledge that something is different and ask how??????? Every trade will be either a 5% loss or 5% gain forget about your pips
No entry strategy? There must be something otherwise it would be random time or price to enter?
  • #504
  • Jan 27, 2022 7:07am Jan 27, 2022 7:07am
And it's not normal for this winning streak that's going on right now. Honestly it scares me.
  • #505
  • Jan 27, 2022 7:11am Jan 27, 2022 7:11am
Quoting captalTrader
{quote} Are you arguing or you genuinely want to know? The standard disclaimer 'Past performance does not guarantee future results' is familiar to anyone with a passing interest in investing. It was going to be so stupid of me, coming telling people what they've been doing so long is WRONG without showing the correct or almost correct way. Being critical without solutions is whining. I came and suggested guys... Look what if everyone focused on probabilities than the nonsense y'all been doing and failed 98% of the time! I have tried...
Look what if everyone focused on probabilities than the nonsense y'all been doing and failed 98% of the time! I have tried it, look how's it's doing, looks like it's working doesn't? In hope that someone will say aaaaaaah I think you got something here, what if you did this and that, it can be even better.
Hey man, you need to put up a video on YouTube with your findings. Posting on FF has little credibility, but EVERYONE knows that if you see it on YouTube, it MUST be true! So the sheep that blindly follow whatever is presented by someone that they deem "smarter" than they are, such as someone that can talk about subjects way over their heads like statistics, actually have material to consider that is backed by science rather than by unfounded claims.
To free Gazans of Hamas, use whatever it takes.
  • #506
  • Jan 27, 2022 7:19am Jan 27, 2022 7:19am
Quoting ElmPie
{quote} No entry strategy? There must be something otherwise it would be random time or price to enter?
it would be random time or price to enter
That is an entry strategy, so cannot be the answer.
To free Gazans of Hamas, use whatever it takes.
  • #507
  • Edited 7:45am Jan 27, 2022 7:21am | Edited 7:45am
Quoting ElmPie
{quote} No entry strategy? There must be something otherwise it would be random time or price to enter?
Interestingly good quality ticks that are quantifiable accurately start coming in at 4 then fade off by 6 then start again 8 until 16. GMT +2.

These calculations don't know it's now Asian, London or New York open. That's just how lovely mathematics is, so lovely

See how all the trades have almost all been done during London and New York times? It's lovely honestly.

There's nothing so satisfying than witnessing equations in real life. It's a feeling out of this world I can't describe it I know methamathician will understand .

And to answer you. Yes every entry is random, there's nowhere in the code that say's trade at Asian open.

If anytime there's enough incoming ticks to calculate.... And if probabilities are as defined, take a trade!

That's all.
  • #508
  • Jan 27, 2022 7:41am Jan 27, 2022 7:41am
Quoting DrDave
{quote} Look what if everyone focused on probabilities than the nonsense y'all been doing and failed 98% of the time! I have tried it, look how's it's doing, looks like it's working doesn't? In hope that someone will say aaaaaaah I think you got something here, what if you did this and that, it can be even better. Hey man, you need to put up a video on YouTube with your findings. Posting on FF has little credibility, but EVERYONE knows that if you see it on YouTube, it MUST be true! So the sheep that blindly follow whatever is presented by...
Already did a voice over I'm still thinking how and why I would waste so much of my time writing the animations

I already wrote a long ass article explaining the logic behind this.

Honestly the time I'm putting on this is not worth it. It started as an honest curiosity and now it turned to be work.

What I thought I'll do now is post a PowerPoint presentation about the FX market fundamentals then short video by short video will explain everything.

The trick is to get people interested. You know if you don't promise overnight riches or display flashy lifestyle, no one will even past 1 minute of the video. I think animations might do the trick but I just don't have time
Attached Image (click to enlarge)
Click to Enlarge Name: scer.jpg Size: 199 KB
  • #509
  • Jan 27, 2022 7:56am Jan 27, 2022 7:56am
Is so much easier for me to communicate an idea with a code than writing and talkin about.

Talking it out is even worse with my speech impediment
How do I explain what's going on on this screenshot?
Attached Image (click to enlarge)
Click to Enlarge Name: ccc.jpg Size: 227 KB
  • #510
  • Jan 27, 2022 8:09am Jan 27, 2022 8:09am
Quoting captalTrader
{quote} Already did a voice over I'm still thinking how and why I would waste so much of my time writing the animations I already wrote a long ass article explaining the logic behind this. Honestly the time I'm putting on this is not worth it. It started as an honest curiosity and now it turned to be work. What I thought I'll do now is post a PowerPoint presentation about the FX market fundamentals then short video by short video will explain everything. The trick is to get people interested. You know if you don't...
Good luck bro. You can do it. At least you will be remembered as someone who have something true to say and implement it not some mysterious guys spitting articulations of nowhere without a point. And brands you as lazy when we, of all people, side hustle trading aside from our daily job where we could be sleeping at night but still choose to grind. Cheers to you.
  • #511
  • Jan 27, 2022 8:28am Jan 27, 2022 8:28am
Quoting captalTrader
Every trade will be either a 5% loss or 5% gain forget about your pips
Attached Image (click to enlarge)
Click to Enlarge Name: not5.png Size: 89 KB

Somehow you speak not truth... or will sai again "bug" recently was? not all 5% TP or SL... it is different.
  • #512
  • Jan 27, 2022 8:38am Jan 27, 2022 8:38am
Quoting joyny
{quote} {image} Somehow you speak not truth... or will sai again "bug" recently was? not all 5% TP or SL... it is different.
When equity is dangerously low in the market. Close the trade. Or when probabilities say, chances are X high to hit Stoploss than take profit, then rather close the trade and wait for better chances I have no business lying.

You will read and understand everything that's going on there next week, it's interesting

Y'all analysing the operations now? Great!!! I think we're done arguing. It's about time we discuss how the EA operate and what can be improved
  • #513
  • Jan 27, 2022 8:40am Jan 27, 2022 8:40am
Quoting captalTrader
Is so much easier for me to communicate an idea with a code than writing and talkin about. Talking it out is even worse with my speech impediment How do I explain what's going on on this screenshot? {image}
Perhaps post the complete code so we can try to help

How is the MQL5 article going to be different then the powerpoint?
  • #514
  • Edited 9:07am Jan 27, 2022 8:50am | Edited 9:07am
Quoting ElmPie
{quote} Perhaps post the complete code so we can try to help How is the MQL5 article going to be different then the powerpoint?

Hhhha sir!

How the code will be different than the free copy of the EA that cannot be re sold

For now we have a very serious problem that you can try and help with. That is accurate lot size calculations.

You see, say the algorithm calculations say 0.001224 lots to take this trade in order for the risk to be 5% or whatever preferable. Problem is minimum lot size is 0.01 and 0.01 will not be so accurate anymore. This one is somehow easy cause we can just skip this trade altogether.

But here's another one, say lot required is 0.213455, this will turn to 0.21 lot and it's not accurate at all. Those 0.003455 might seems so small but statistically their are huge in the long run.

There what are the options for solving these?

It's not a test, I'm just asking for help actually. I know I'm rude sometimes
  • #515
  • Jan 27, 2022 9:04am Jan 27, 2022 9:04am
Quoting captalTrader
{quote} When equity is dangerously low in the market. Close the trade. Or when probabilities say, chances are X high to hit Stoploss than take profit, then rather close the trade and wait for better chances I have no business lying. You will read and understand everything that's going on there next week, it's interesting Y'all analysing the operations now? Great!!! I think we're done arguing. It's about time we discuss how the EA operate and what can be improved
About the logic behind closing trades when ticks dangerously dry up or low liquidity.

It's weird that most retail traders don't know the reason there's spikes they know news events causes spikes but don't actually know the logic behind it.

Here's the simplest logic

It's an auction market, best offers available get a traded. When there's a lot of offers, there's almost no room separating them cause they're stuck together, price move nicely from best offer {1 -2 2 -1 -2 -3 +2 + 4 + 5 + 8 ...},up & down nicely. Think of those numbers as a vertical numberline.

Then low liquidity will results in few offers, so they will be scattered all over the place. {1 -10 -15 +4 +16 -1 ...} You see that last trade get done at 1 then next one down to -10! next one way down to -15! and so on. Spikes!
  • #516
  • Jan 27, 2022 9:13am Jan 27, 2022 9:13am
Quoting joyny
{quote} {image} Somehow you speak not truth... or will sai again "bug" recently was? not all 5% TP or SL... it is different.
And also check how long those trades took. The average trade time is 2 hours . In stock market language, we can say it was ranging
  • #517
  • Edited 9:37am Jan 27, 2022 9:23am | Edited 9:37am
Quoting captalTrader
{quote} About the logic behind closing trades when ticks dangerously dry up or low liquidity. It's weird that most retail traders don't know the reason there's spikes they know news events causes spikes but don't actually know the logic behind it. Here's the simplest logic It's an auction market, best offers available get a traded. When there's a lot of offers, there's almost no room separating them cause they're stuck together, price move nicely from best offer {1 -2 2 -1 -2 -3 +2 + 4 + 5 + 8 ...},up & down nicely. Think of those...
Are you refering to L2 or depth of market data? Never really watched them. Going to look into them in MT5.

Concerning the lotsize issue, not sure of it solvable because the smallest lot size some brokers offer is nano lots but I don't think MT4 or 5 supports it. I know oanda has nano lot support. Well this would only solve the problem up to 0.001 anyway.

They even claim they can go to 1 unit.

https://www.oanda.com/eu-en/trading/standard-account/
  • #518
  • Jan 27, 2022 9:46am Jan 27, 2022 9:46am
Quoting ElmPie
{quote} Are you refering to L2 or depth of market data? Never really watched them. Going to look into them in MT5. Concerning the lotsize issue, not sure of it solvable because the smallest lot size some brokers offer is nano lots but I don't think MT4 or 5 supports it. I know oanda has nano lot support. Well this would only solve the problem up to 0.001 anyway. They even claim they can go to 1 unit. https://www.oanda.com/eu-en/trading/standard-account/
I don't know what depth of market data is but maybe it's the same thing but I'm not sure cause the market is decentralised, no one knows where all the order are, we can only tell by the pace the data comes at.

The problem is not about units of lots being offered.

I really don't know how I'll put it. Perhaps someone who understood might explain it better. English is my fourth language
  • #519
  • Jan 27, 2022 9:53am Jan 27, 2022 9:53am
Quoting captalTrader
{quote} I don't know what depth of market data is but maybe it's the same thing but I'm not sure cause the market is decentralised, no one knows where all the order are, we can only tell by the pace the data comes at. The problem is not about units of lots being offered. I really don't know how I'll put it. Perhaps someone who understood might explain it better. English is my fourth language
Exactly it is decentralized so I'm not sure how you define 'when there is a lot of offers' since you can only see the offers on your broker..


Trying to think about what you mean with the lot size issue but not getting it.. yet.
  • #520
  • Edited 10:12am Jan 27, 2022 10:02am | Edited 10:12am
Someone on mql5 suggested we alter the distance between take profit and SL aka pips so to compensate the inaccuracies. At first I thought it might work but realised late that the lot size calculations are dependent to the same distance changing the distance will then have different lot calculations.

With this problem, the EA is not profitable at all because the real edge of its logic it the ability to achieve 51% accuracy. For now it's flying there close to 60% which is just alreastic and extremely lucky but once reality sets in, it won't stand it

I need to calculate 5% lots accurately!
4 traders viewing now