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Cable Update (GBPUSD)

  • #796,161
  • Dec 10, 2023 8:31am Dec 10, 2023 8:31am
Quoting dantpm
{quote} Any EA that is effective and sold so that many people are using it will be rendered useless by the trading AI's that will simply start to move the market price against it.
correct
Intraday only.
  • #796,162
  • Dec 10, 2023 8:40am Dec 10, 2023 8:40am
Human Super-Recognizers See Faces Better Than AI
https://nautil.us/human-super-recogn...han-ai-312487/

the further development of EAs was supposed to be AI, but even this fails when it comes to pattern and face recognition.

why should EAs be able to beat real people in trading?

trading is too complex, maybe once in the distant future...

until then, manual trading is king;-)
trading is like dancing, don't think and just listen to the music!
  • #796,163
  • Dec 10, 2023 9:09am Dec 10, 2023 9:09am
all this talk of EA got me excited...people who should know better by now after spending so many years trading still want a computer to do their work while they get drunk sitting by the pool

the failure rate wouldnt keep increasing if EA's, indicators and computers were the answer.... i made a post about this last month

Quoting Zebi
changing the subject cause that shit was boring as hell earlier LOL its always been my contention that computers and the incredible abundance of stupid indicators used by lazy ass traders to develope EA's so they can sit around and jerk off all day while the computer trades for them is the main reason why the failure rate among beginners is as high as 95%...the old timers a 100 years ago made fortunes drawing their charts at home on the kitchen tables using just a pencil and graph paper with the previous days stock prices printed in the newspapers....yes...
thats why i will fade the majority view in this room everytime


the failure rate has increased 25 to 30% among traders since the late 90's LOL
short trump and go long the deepstate
  • #796,164
  • Dec 10, 2023 9:13am Dec 10, 2023 9:13am
if someones time constrained by other responsibilities should just move out in timeframe...out to 4H or daily chart instead of becomming roadkill with the EA masses


the oldtimers a 100 years ago made fortunes using just a pencil and graph paper drawing their own charts
short trump and go long the deepstate
  • #796,165
  • Dec 10, 2023 9:49am Dec 10, 2023 9:49am
Quoting tommydoginti
{quote} I agree with you to some extend. I suppose the “levels” you mentioned are highs/lows, price structures, etc. ADR, pivot, etc are easy to code. I have experience in coding Price Levels in indicator/EA, price levels associated rules are so difficult to be coded since the indicator/EA has “time” element. Levels are easy to be seen with eyes such as those be tested as support/resistant multiple times. But we have so much flexibility in determining which ones are the “levels” (intuition). In coding we need rigid rules, then it becomes very complicated....
Tommy,
If you can give me an Ea that can see a round number at 1.270000 on GU for example and any simple indicator that can trade off the round number. You have my attention.
Cheers.
Trade to trade another day
  • #796,166
  • Dec 10, 2023 10:15am Dec 10, 2023 10:15am
i mentioned earlier how the old timers drew their own charts and made fortunes with them LOL

heres one example from my main man richard wyckoffs book LOL
https://oxfordstrat.com/coasdfASD32/...-and-Bonds.pdf

wyckoffs livermores ganns and elliots books plus edwards and magees TA book are all online in pdf form...people would be better off reading them than make stupid ass EA's after watching youtube
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short trump and go long the deepstate
  • #796,167
  • Dec 10, 2023 10:29am Dec 10, 2023 10:29am
Quoting Wavegarrick
{quote} Tommy, If you can give me an Ea that can see a round number at 1.270000 on GU for example and any simple indicator that can trade off the round number. You have my attention. Cheers.

I have been trading RN for years and I must tell you I don’t think you can find such EA reason is RN is where the investors have there order but different prices so now tell me how can you develop such EA with dynamic different type of entry levels
I trade rn successful so I feel I am qualified to have the clue of how it work so just forget such EA if it’s possible the banks don’t need to have traders. Just go manual bro
MY OPINION NOT FINANCIAL ADVISE
  • #796,168
  • Dec 10, 2023 11:00am Dec 10, 2023 11:00am
I went through all the pairs. I don't see a pattern yet.
even EA couldn't have done it better.
lol.
  • #796,169
  • Dec 10, 2023 11:32am Dec 10, 2023 11:32am
Quoting tiborf71
I went through all the pairs. I don't see a pattern yet. even EA couldn't have done it better. lol.
tiborf71, I don't know what patterns you look for but it's very unlikely... Here is ABC or 1-2-3-4-5 on GA?
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Always trade your own plan...I don't provide trading signals.
  • #796,170
  • Edited 12:59pm Dec 10, 2023 11:34am | Edited 12:59pm
Quoting Wavegarrick
Hi Guys, For those of you that know me from Steve Hopwoods trading forum. I have been dealing with Ea's for many years now and believe me, Steve Hopwood has the cream of the crop when it comes to coding Ea's and many talented coders there. You name it and it will be coded. An Ea is only possible if it can replicate an indicator which has code. I believe that Navk has a point in saying that an Ea cannot do what the eye can see when it comes to levels because it cannot be coded. Everything else can be coded as Dave eluded to. Time of trade, lot size...
I believe that Navk has a point in saying that an Ea cannot do what the eye can see when it comes to levels because it cannot be coded.
I must disagree with that. If the eye is distinquishing between levels, then there is some form of gradation present. Such gradation (levels) seen by the eye are drawn according to some event(s) that can be quantified, and the EA can likely make more precise distinctions between levels. For example, I read an article this week in which students trained AI for color vs pH. Students were also given color standards for pH values. After training, a set of samples of unknown pH values (unknown to the students and AI but known to the teacher) were presented to the AI and the students. The AI was significantly better at precision and accuracy of finding the actual pH.

AI wasn't need for this, but it was an exercise in training AI. The color matching routine could have been coded by a human rather than training AI to do it.


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To free Gazans of Hamas, use whatever it takes.
  • #796,171
  • Dec 10, 2023 11:37am Dec 10, 2023 11:37am
Quoting navk
{quote} Who is going to give inputs to EA developer ? You or me or he or she ? This is where the problem lies. All of us are half baked. So the EA developed by EA developer will also be half baked. And I or anyone will agree with you when some one show proof some EA constantly works and makes profit. If at all one is available, I am sure it will be worth a million. Having said , the half baked EA will be useful for : 1. Those who can not control emotion 2. Those who does 9 to 5 jobs and uses EA for additional income or to loose what he earned in...
This is where the problem lies. All of us are half baked. So the EA developed by EA developer will also be half baked.
And that is what I said with, "That speaks to the fact of the deficiencies surrounding moving the trader's rule set into an EA."
To free Gazans of Hamas, use whatever it takes.
  • #796,172
  • Dec 10, 2023 11:40am Dec 10, 2023 11:40am
Quoting navk
{quote} I am planning to trade CPI after seeing on market reaction. EA can not
I think what you really mean is that you are not aware of an EA that has been coded to process the same inputs that you use to place trades as you would. I think this is yet another example of the deficiencies in trying to move the trader's rules into the EA.
To free Gazans of Hamas, use whatever it takes.
  • #796,173
  • Edited 1:26pm Dec 10, 2023 11:47am | Edited 1:26pm
Quoting DrDave
{quote} I think what you really mean is that you are not aware of an EA that has been coded to process the same inputs that you use to place trades as you would. I think this is yet another example of the deficiencies in trying to move the trader's rules into the EA.
I am not a coder but wish to use the application if some one does right job.

Until now, to my knowledge, no one created a succesful EA

It does not suit me.

Once I am off from EA world, mt learning and trading improved.
Intraday only.
  • #796,174
  • Dec 10, 2023 11:49am Dec 10, 2023 11:49am
Quoting Coreg2004
{quote} tiborf71, I don't know what patterns you look for but it's very unlikely... Here is ABC or 1-2-3-4-5 on GA? {image}

I was looking for wolf wave.
  • #796,175
  • Dec 10, 2023 12:49pm Dec 10, 2023 12:49pm
Quoting tiborf71
EA that could be left unattended. maybe it exists.
//------

your open mindedness did not escape me...... yes, they exist....

some of us use them every day , all day, unattended......

before mq5, mq4 or even mq3, we used metastock..... metatrader brought the ability to interact with a broker...... metastock did not..... metatrader was free..... metastock was pricey..... easy choice......

we have improved over the years, in not only our code abilities both also our trading concepts......

most ea's are built around simple shallow concepts...... odds of their failure is high......

the more creative and thorough the trading system is, the better it's chance of survival......

yes, they exist....h
to trade and code, keep both simple... no call to impress....h
  • #796,176
  • Dec 10, 2023 12:52pm Dec 10, 2023 12:52pm
Hello guys,
I have a question, I know it's not correct thread, but can you someone give me some examples what is your commision on bitcoin for open order? I just found I have 6 pips, cannot scalp with that at all... Thanks in advance!
  • #796,177
  • Edited 4:25pm Dec 10, 2023 1:04pm | Edited 4:25pm
Looking at DXY this would make the most sense for gbp/usd ---- just my 3cents and i could be wrong
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  • #796,178
  • Dec 10, 2023 1:46pm Dec 10, 2023 1:46pm
GBPUSD price action on the daily timeframe is sideways. There was 61.8 Fb retracement of the most recent bearish swing on November 28. However, there has been limited directional momentum since then. Nevertheless, the technical pattern presents a market imbalance that could incentivize market engineering southwards. This could target the 1.23000 area.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #796,179
  • Dec 10, 2023 2:53pm Dec 10, 2023 2:53pm
Quoting Wavegarrick
{quote} Tommy, If you can give me an Ea that can see a round number at 1.270000 on GU for example and any simple indicator that can trade off the round number. You have my attention. Cheers.
Round numbers are very straightforward to code. It does not look at price movement. Even ADR/pivot need equations to calculate.

it would be easier to place limit/stop orders at RN.
  • #796,180
  • Dec 10, 2023 4:05pm Dec 10, 2023 4:05pm
sold 2255 tp 2200..sl 2300
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