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The similarity system

  • #1,601
  • Jul 13, 2013 5:09am Jul 13, 2013 5:09am
Quoting Eurusdd
Furthermore, only zones that are younger than 300*24 =7200 bars should be considered valid!!!!
May I ask why (I mean, in 300*24, do 300 and 24 match the stoch & bb settings)?
Even if you fall on your face, you're still moving forward.
  • #1,602
  • Jul 13, 2013 5:10am Jul 13, 2013 5:10am
I am grateful to all of you for your contribution to this thread. I knew FOREXFACTORY had serious-minded people!!! Thanks
  • #1,603
  • Jul 13, 2013 5:10am Jul 13, 2013 5:10am
Quoting ~bull.bear~
{quote} It took the loading for quite a long time.... Is my platform issue? Or maybe could re-code it with the calculation of few bars instead of all bars. So it faster the load up. Thanks.
I'll look into that. The new markers on chart make it slow indeed.
Even if you fall on your face, you're still moving forward.
  • #1,604
  • Jul 13, 2013 5:15am Jul 13, 2013 5:15am
Quoting Ralome
{quote} May I ask why (I mean, in 300*24, do 300 and 24 match the stoch & bb settings)?
exactly boss!!! So the thing should be stable for roughly 75 trading days!!
tHAT is why similarity(correcting dis-similarity) is FOR THE BIG BOYS/BANKS/NATIONAL FINANCIAL CORPORATIONS.

All zones must be corrected within that period - almost surely.
  • #1,605
  • Jul 13, 2013 5:22am Jul 13, 2013 5:22am
sorry: there is an error. let me correct it.
  • #1,606
  • Jul 13, 2013 5:24am Jul 13, 2013 5:24am
75 TRADING DAYS!!!!
7,200 BARS ON 15MIN CHART
= 7,200/4 = 1,800 bars on 1hr chart
= 75 bars on daily chart!!!

SO, a zone on the 15 min chart should close in 75 days ALMOST SURELY.
<3% ERROR.

Now, the mean is 15 days. so we have a large SD.
  • #1,607
  • Jul 13, 2013 5:26am Jul 13, 2013 5:26am
Quoting Eurusdd
75 TRADING DAYS!!!!
Just under 4 months!?!?
  • #1,608
  • Jul 13, 2013 5:28am Jul 13, 2013 5:28am
Quoting Madmoney
{quote} Just under 4 months!?!?
yES!!!
But it is still not good for most traders! That is why this is the chessboard for those with money and patience!!

So, you see the opportunities?
The chessboard is there for you!!! You just need to plan your moves now!!! But since you don't have the exact numbers for all time-frames, you will need to play it save for now!
I will post 1min and 5min templates later! Bye.
  • #1,609
  • Jul 13, 2013 5:30am Jul 13, 2013 5:30am
Quoting Eurusdd
{quote} yES!!! But it is still not good for most traders! That is why this is the chessboard for those with money and patience!!
What about us little guys? I guess we need a smaller chess board.
  • #1,610
  • Jul 13, 2013 5:43am Jul 13, 2013 5:43am
But since Ralome's indicator is adaptable, you can experiment with different settings on the smaller time frames. Or convert the 15 min to your smaller time frame using the ratio-principle: not the way to go, but that is where to start.
  • #1,611
  • Jul 13, 2013 5:48am Jul 13, 2013 5:48am
can you see the great POTENTIAL? very soon, trading will be emotionless and scientific!!!
You can plan your move days into the future and process new zones much easily. Trading is now closer to playing chess!!!
  • #1,612
  • Edited 6:24am Jul 13, 2013 5:49am | Edited 6:24am
For example 5M would be close to 100x8?
1M would be close to 20x2 (1.6)?
  • #1,613
  • Jul 13, 2013 5:52am Jul 13, 2013 5:52am
Quoting Madmoney
For example 5M would be, 100x8?
EXACTLY!!!! Under normal circumstances most zones will confirm the ones on the 15min chart but you will get others in between and that expands your view into the banking world! Experiment and you will be surprised at what you will see!
  • #1,614
  • Edited 6:39am Jul 13, 2013 5:54am | Edited 6:39am
Quoting Eurusdd
{quote} EXACTLY!!!! Under normal circumstances most zones will confirm the ones on the 15min chart but you will get others in between and that expands your view into the banking world! Experiment and you will be surprised at what you will see!
BINGO! My eyes are opening again!!

All about perfecting your craft.
  • #1,615
  • Jul 13, 2013 6:01am Jul 13, 2013 6:01am
Quoting Madmoney
{quote} My eyes are opening again!! All about perfecting your craft.
That is my objective! Open the eyes of traders and help buddies turn their reds into greens!!!

I am grateful to Ralome! Great Job!!! Now we can all trade scientifically.
  • #1,616
  • Jul 13, 2013 6:01am Jul 13, 2013 6:01am
Eurusdd,

Is there a relationship between the extent of dissimilarity ( eg > 1) and time of price coming back. In other words, at what level should a dissimilarity be considered valid?

Also, if you are on a chart at a particular price, if there are more dissimilarities above than below, would it be valid to prefer long trades ( going on your analogy of water flowing taking the easiest route).

Thanks.
  • #1,617
  • Jul 13, 2013 6:05am Jul 13, 2013 6:05am
Quoting Pardy
Eurusdd, Is there a relationship between the extent of dissimilarity ( eg > 1) and time of price coming back. In other words, at what level should a dissimilarity be considered valid? Also, if you are on a chart at a particular price, if there are more dissimilarities above than below, would it be valid to prefer long trades ( going on your analogy of water flowing taking the easiest route). Thanks.
multiply the settings you used for Ralome's indicator and you will get the number of bars (<3% error). But the standard deviation from the mean is large. Meaning, if you get 100 say, the mean will be around 10.
  • #1,618
  • Jul 13, 2013 6:07am Jul 13, 2013 6:07am
Attached Image (click to enlarge)
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this is the current status...?
  • #1,619
  • Jul 13, 2013 6:08am Jul 13, 2013 6:08am
REMEMBER: This is just SIMILARITY!!!! THINK what REVOLUTION MEANS!!!
  • #1,620
  • Jul 13, 2013 6:09am Jul 13, 2013 6:09am
Quoting Forex Lion
{image} this is the current status...?
yoUR SETTINGS ARE WRONG!!!!!

You are using 75/24 for the 15min chart!!!

Optimal is 300/24!!! Please follow instructions.

If you choose the wrong settings or something different from the optimal, please blame yourself!!!

CORRECT ONE:::
Attached Image (click to enlarge)
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