I have zero knowledge about programming but would like to dirty my hand with it. It would be helpful if you can point me to the right direction that I can acquire the skills needed for such work.
Thank you.
Thank you.
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Fundamental Trading 6 replies
trading by fundamental & technical analysis 1 reply
Fundamental or technical trading 8 replies
Trading The News Or Fundamental Release 2 replies
fundamental trading 4 replies
DislikedI have zero knowledge about programming but would like to dirty my hand with it. It would be helpful if you can point me to the right direction that I can acquire the skills needed for such work. Thank you.Ignored
Disliked{quote} Start with a simple object oriented language like JavaScript. Make a few hello world apps and websites and then just keep practice and pushing your boundaries with what you think you can do. Once you get decent you can also make a few bucks by doing simple website jobs so you can get paid to learn. I would take on projects I didn't know how to do, so I had to learn new things in order to get the job done and this will really help you grow your programming skills. Once you have a really good understanding of a simple and widely used language...Ignored
Disliked{quote} That was basically addressed in my Cost Averaging and Martingale Post. I should have addressed that lower leverage is key (this is talked about a lot in Xaron's thread). I also mentioned I never use more than 1:1 on a small account, and If I am trading a large account, I like to use anywhere between .25 and .1 leverage per entry. For example Say GBPUSD has a ADR of 150 pips and we are using .25:1 leverage per order. Enter 1 trade using .25:1 leverage. If price went to 0 from this trade, you would lose 25% of your account. price drops 150...Ignored
Disliked{quote} Start with a simple object oriented language like JavaScript. Make a few hello world apps and websites and then just keep practice and pushing your boundaries with what you think you can do. Once you get decent you can also make a few bucks by doing simple website jobs so you can get paid to learn. I would take on projects I didn't know how to do, so I had to learn new things in order to get the job done and this will really help you grow your programming skills. Once you have a really good understanding of a simple and widely used language...Ignored
DislikedAlright guys, I'm carving out the first rabbit hole. Been working on a machine learning pattern recognition algorithm for a while now. What it does it take the last 24 1-hour of the AUDUSD(1/1/2016 - Today), and finds all the previous patterns that have a similarity of at least 70%. It then averages the outcomes of those patterns to predict whether price will close bullish in the next 24 hours or bearish. The algorithm retrains after every candle so the pattern is constantly changing. Here are the results of the tests I ran tonight. {image} (100...Ignored
Disliked{quote} Sis.yphus, This is truly a new and great avenue you have opened for us. You are inspiring us to take our trading to greater heights... Most importantly, you have inculcated the feeling that anything can be done with the right mindset... At this point I am programming newbie and I always looked at the area of algos, programming and people with such skills awe and felt it was one of those things that couldn't be reached... ThanksIgnored
DislikedAlright guys, I'm carving out the first rabbit hole. Been working on a machine learning pattern recognition algorithm for a while now. What it does it take the last 24 1-hour of the AUDUSD(1/1/2016 - Today), and finds all the previous patterns that have a similarity of at least 70%. It then averages the outcomes of those patterns to predict whether price will close bullish in the next 24 hours or bearish. The algorithm retrains after every candle so the pattern is constantly changing. Here are the results of the tests I ran tonight. {image} (100...Ignored
Disliked{quote} Sis.yphus, 1. The Blue and Orange Dot represent the percent change in price after the pattern. Though it is a small percentage they are always positive. So if one were trading the patterns they would all have resulted in Buy Trades? 2. What defines a pattern? Random Example: Did a set/certain number of candles visually like a typical candle stick patterns or some sort of calculation wrt prices or some other variable like market timing etc.... 3. Did i understand correctly: Say the algo is currently running, it is analyzing the current candle...Ignored
Disliked{quote} 1. The orange dot is the average of all the outcomes from all the patterns that are 70% similar to the current/pattern in question. the blue dot is the outcome of the patten in questions. 2. The patterns are self defined based on all the previous paths price has taken in a 24 hour period. The outcomes are what happened 24 hours after the pattern ended. This is what makes it a constantly self learning algo. The answers to 3&4 are in the paragraphs above. the only thing I define is the pattern similarity level I want to use and in these tests...Ignored
Disliked{quote} Sis.yphus, I'm inspired and impressed that you are very good at machine learning stuff, in addition to your fundamental knowledge. I have a quick question. How to define the similarity between two patterns? Any mathematical representation? And do you look at close price only? Thank you.Ignored
Disliked{quote} The similarity is based on the variance produced by all the different patterns in relation to the current pattern. The variance of all these patterns is then normalized so you can take the ones that are only 70% similar. You can imagine it as if you had the current pattern drawn, and ALL the previous patterns down. The furthest pattern north would be normalized to 1. and furthest pattern south would be normalized to -1. These would intervals in a sense. Then you take the patterns are within the +/- .3 interval level as those being 70% similar....Ignored
Disliked{quote} That was basically addressed in my Cost Averaging and Martingale Post. I should have addressed that lower leverage is key (this is talked about a lot in Xaron's thread). I also mentioned I never use more than 1:1 on a small account, and If I am trading a large account, I like to use anywhere between .25 and .1 leverage per entry. For example Say GBPUSD has a ADR of 150 pips and we are using .25:1 leverage per order. Enter 1 trade using .25:1 leverage. If price went to 0 from this trade, you would lose 25% of your account. price drops 150...Ignored
Disliked{quote} First off, let me thank you for this awesome thread, this has been great. Like you said learn the fundamentals of everything, When you say 1:1 leverage what exactly do you mean by that. for example I am using Tdameritrade as my broker, I see they state major pairs have a leverage of 50:1 and exotic pairs have a leverage of 20:1 how can I lower that to be .25:1 or .1:1 since i want to use a new account 1k Equity. New broker? they also have a minimum of 10k lots. Please explain this to me. Also you spoke about ADR. is that ADR as Average decline...Ignored
Dislikedok so how would I be able to cost average in the 50:1 leverage with Tdameritrade, because at that leverage a mini 10k lot is about 211 USD of EUR/USD thats 20% of my account if it goes to shit. Do I need to switch to brokers for a different leverage?Ignored
Dislikedok so how would I be able to cost average in the 50:1 leverage with Tdameritrade, because at that leverage a mini 10k lot is about 211 USD of EUR/USD thats 20% of my account if it goes to shit. Do I need to switch to brokers for a different leverage?Ignored
DislikedAs traders, we often find ourselves with lots of free time on our hands, at least if you are making money that is. Wall Street makes money on activity. You make money on inactivity. - Warren Buffet After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!" - Jesse Livermoore I recommend you read books while you are sitting tight. You should never stop learning and one of the best and...Ignored
DislikedAs traders, we often find ourselves with lots of free time on our hands, at least if you are making money that is. Wall Street makes money on activity. You make money on inactivity. - Warren Buffet After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!" - Jesse Livermoore I recommend you read books while you are sitting tight. You should never stop learning and one of the best and...Ignored