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  • #695,341
  • Sep 20, 2012 11:13am Sep 20, 2012 11:13am
resistant now @ 53
edit : taken now 60/62
Mohan
  • #695,342
  • Sep 20, 2012 11:14am Sep 20, 2012 11:14am
Quoting attila
so how the hell are they making money in a range like this? Or they don't go in when it's slow..
lol that's the difficult part for all systems is knowing their limits and when to activate them....

no different to trend trading to catch the beginning you must have losers, to get the end you will either stay in too late or get out to early! the sweet spot is the middle.

so you have to watch them or code the system to use the right one for the conditions or not at all.

on the plus they are far superior to any kind of indicator system.

but the ones I have been involved in developing are more around correlation trading and portfolio trading not naked forex trades
  • #695,343
  • Sep 20, 2012 11:19am Sep 20, 2012 11:19am
I once interviewed with a high frequency shop.. Those kids were smoking smart, most were Computer Science MIT PHDs.. not kidding you.. From what I understood they had a blend of manual/machine trading, where the traders where so to speak pushing/releasing the gas pedal making the algo more or less aggressive..

Quoting MaxDoom
lol that's the difficult part for all systems is knowing their limits and when to activate them....

no different to trend trading to catch the beginning you must have losers, to get the end you will either stay in too late or get out to early! the sweet spot is the middle.

so you have to watch them or code the system to use the right one for the conditions or not at all.

on the plus they are far superior to any kind of indicator system.

but the ones I have been involved in developing are more around correlation trading and portfolio...
  • #695,344
  • Sep 20, 2012 11:19am Sep 20, 2012 11:19am
Quoting MaxDoom
but the ones I have been involved in developing are more around correlation trading and portfolio trading not naked forex trades
do you use or recognise any of these words?

linear regression, matrix algebra, johansen / adf tests etc? arima, garch
  • #695,345
  • Sep 20, 2012 11:20am Sep 20, 2012 11:20am
Quoting Jay Walker
Some people prefer to be right than to be profitable.
Very good one ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #695,346
  • Sep 20, 2012 11:20am Sep 20, 2012 11:20am
Quoting MaxDoom
lol that's the difficult part for all systems is knowing their limits and when to activate them....

no different to trend trading to catch the beginning you must have losers, to get the end you will either stay in too late or get out to early! the sweet spot is the middle.

so you have to watch them or code the system to use the right one for the conditions or not at all.

on the plus they are far superior to any kind of indicator system.

but the ones I have been involved in developing are more around correlation trading and portfolio...
if u r developping of an algo i would be interested to know how you are calibrating the candlesticks.
I mean, in order for them to deliver an information about buying/selling, you need to know what they look like (doji, spinning top, etc...) and how they are built (open, low, high, close). So they must be some mathematical definitions that validate one description compared to the other.

for instance, this one is High X Low Y, with Close A and Open B, so because B/A, (B+A)= 0.5*(X+Y) then it is a doji, then its ....

How do u do those calibrations?

EDIT : i'm currently working on algo ideas.
  • #695,347
  • Sep 20, 2012 11:22am Sep 20, 2012 11:22am
Quoting divak
if u r developping of an algo i would be interested to know how you are calibrating the candlesticks.
I mean, in order for them to deliver an information about buying/selling, you need to know what they look like (doji, spinning top, etc...) and how they are built (open, low, high, close). So they must be some mathematical definitions that validate one description compared to the other.

for instance, this one is High X Low Y, with Close A and Open B, so because B/A, (B+A)= 0.5*(X+Y) then it is a doji, then its ....

How do u do those calibrations?...

I don't think the algos are looking at candles.. but I'll let Max answer..
  • #695,348
  • Sep 20, 2012 11:24am Sep 20, 2012 11:24am
Quoting divak
EDIT : i'm currently working on algo ideas.
google the stuff in my previous post.
  • #695,349
  • Sep 20, 2012 11:24am Sep 20, 2012 11:24am
Inverted H&S any break we will see a strong movement
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD 15M.jpg Size: 137 KB
  • #695,350
  • Sep 20, 2012 11:24am Sep 20, 2012 11:24am
Quoting attila
I don't think the algos are looking at candles.. but I'll let Max answer..
i had some colleagues working on pattern recognition, and they were using some stuff on candles.
but u need a f***** powerful computer
  • #695,351
  • Sep 20, 2012 11:26am Sep 20, 2012 11:26am
Quoting Ultimate6
google the stuff in my previous post.
i've seen those things already, in studies and in my job then. Time series, ARIMA, GARCH (dozens).

I was just wondering what is the right formula to mathematically classify the candlesticks
  • #695,352
  • Sep 20, 2012 11:26am Sep 20, 2012 11:26am
Quoting divak
i had some colleagues working on pattern recognition, and they were using some stuff on candles.
but u need a f***** powerful computer
aws.amazon.com as powerful as you need..
  • #695,353
  • Sep 20, 2012 11:29am Sep 20, 2012 11:29am
35 is buy or break out.
They think they are smarter than I am.
  • #695,354
  • Sep 20, 2012 11:30am Sep 20, 2012 11:30am
Quoting attila
aws.amazon.com as powerful as you need..
thx, didnt know abt it
  • #695,355
  • Sep 20, 2012 11:36am Sep 20, 2012 11:36am
Quoting Z3iz3i
35 is buy or break out.
looks very low volume
Mohan
  • #695,356
  • Sep 20, 2012 11:39am Sep 20, 2012 11:39am
Quoting Z3iz3i
35 is buy or break out.

...you got that right!

I think this the third (!!!!) H+S in four days. If it goes below 35, it's another faux H+S (break out - like yesterday) ... if it goes above, then buy because it's a for real turn around.
  • #695,357
  • Sep 20, 2012 11:44am Sep 20, 2012 11:44am
Quoting RWalker
...you got that right!

I think this the third H+S in four days. If it goes below 35, it's another faux H+S (break out - like yesterday) ... if it goes above, then buy because it's a for real turn around.
With such a shallow inverse H/S, the pattern is complete at 1.3000
Not exactly a turn around. More like a 50% retrace from yesterday's high.
Those who say it cannot be done should not interrupt those who are doing it
  • #695,358
  • Sep 20, 2012 11:49am Sep 20, 2012 11:49am
Italy slashes GDP forecast
2012 seen down –2.4% from previous 1.2% forecast
Deficit seen rising to 2.6% of GDP from previous forecast of 1.7%
Debt seen rising to 126.4% of GDP this year versus 123.4%

Not good for Euro at all. and I am sure this is just the tip of the iceberg.
Those who say it cannot be done should not interrupt those who are doing it
  • #695,359
  • Edited 12:02pm Sep 20, 2012 11:51am | Edited 12:02pm
Quoting PipTrapper
With such a shallow inverse H/S, the pattern is complete at 1.3000
Not exactly a turn around. More like a 50% retrace from yesterday's high.
I'm just lookin for any excuse I can find to laugh at this price action past few days... haven't lost money, haven't made much.

But your probably right... and so is ZiZi.
  • #695,360
  • Sep 20, 2012 11:51am Sep 20, 2012 11:51am
Low volume, algorythms are playing
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