Discussion of article "Technical Analysis. What Do We Analyze?"
It's not about technical analysis, it's about 100:1 leverage and the lust for 1000% annualised, talked 200-300%.
It's not about technical analysis, but about leverage 100:1 and thirst for 1000% per annum, 200-300%.
Have you tried to work with leverage 500:1? Believe me, it's not about leverage....
And 1000% per year in a good situation on forex is not such a fantasy, taking into account reinvestment, of course :).
I am glad that sometimes people who know DSP (digital signal processing) appear here. After all, what you have told here is the basics of DSP. That's where this science starts, the very first lecture how ADC works. This is where it starts, what is the sampling frequency, Kotelnikov's theorem, sampling and quantisation noise (by the way you didn't mention them in the article). It is already then the spectrum and its distortions and how to deal with them.
I've been saying this for years.
- The representation of history in the form of bars distorts this history.
- that it is impossible to reconstruct tick history in modelling. It is not known where Low and High are located, if about Open it is at least clear that on the time axis this number is before Close, then about L and H even this is not known.
- Also information about the density of ticks flow, ticks arrangement on the time axis is lost if you look at multi-currency analysis (let's say which tick came before EURUSD or USDCHF).
- we don't know where exactly on the time axis are OHLC because of the chosen method of building bars, etc.
- because of this method of bar plotting (no tick = no bar) there may be holes in the history (and there are).
- having tick history, it is possible to build not only candles (bars) which are 200 years old, but let's say bars in the form of Renko, Equi-volume, etc.
- you can build charts without holes, you can do a lot of things, which is almost impossible to do correctly if the history is stored in the form of minutes.
H.Y. The old approach of MQL management, because you say the same thing in the article as I do here http://www.mql5.com/ru/forum/1031 or even older conversations https://www.mql5.com/ru/forum/113455/page6 https://www.mql5.com/ru/forum/113455/page8#129304 only I hope you were paid a fee for these thoughts, and I was called a liar, a nerd, a fool, posts were deleted (corrected), bans were handed out... for the same thing. For the fact that I try to tell how to properly process numbers, to tell from the point of view of a radio engineer, from the point of view of those who know and can do it. And the proof of this knowledge is in front of everyone's eyes, computers, mobile phones, TVs, mp3 players, etc. (what is badly done? Doesn't work?).
Victor you are doing well You are doing the right thing by using an academic approach in analyses. There is a wisdom proven over the years. You should try to do well, then it may turn out well, but if you do crap, nothing good will come out of it.
Don't listen to these "scrooges", they only have dollars in their eyes, shoulders, profit, use the scientific approach, it's right, it's proven over the years and maths....
I am glad that sometimes people who know DSP (digital signal processing) appear here. After all, what you have told here is the basics of DSP. That's where this science begins, the very first lecture, how an ADC works. This is where it starts, what is the sampling frequency, Kotelnikov's theorem, sampling and quantisation noise (by the way you didn't mention them in the article). It is already after that the spectrum and its distortions and how to deal with them.
I've been harping on this for years.
- representing history in the form of bars distorts this history.
- that it is impossible to reconstruct the tick history when modelling. It is unknown where Low and High are located, if about Open at least it is clear that on the time axis this number is before Close, then about L and H even this is not known.
- Also information about the density of ticks flow, ticks arrangement on the time axis is lost if you look at multi-currency analysis (let's say which tick came before EURUSD or USDCHF).
- we do not know where exactly on the time axis OHLC are located because of the chosen method of building bars, etc.
- because of this method of bar plotting (no tick = no bar) there may be holes in the history (and there are).
- having tick history, it is possible to build not only candles (bars) that are 200 years old, but let's say bars in the form of Renko, Equi-Volume, etc.
- it is possible to build charts without holes, you can do a lot of things, which is almost impossible to do correctly if the history is stored in the form of minutes.
Isn't that a lot to ask? You are asking to take away a huge number of dealing offices and banks from a large part of their earnings))) Try to imagine what would happen if there was one universal tick history (at least with a sampling rate of 60/min) that could be accessed by all market participants. It would be like putting "test" calibrated scales in the grocery market. So it's not a matter of developers' bony thinking.
I've already made my point about scrooges. And I don't want to deprive them, let them earn . I ask for a format (the correct format for storing history). The fact that DCs do not have the same history, it is clear and it is clear why. But the history that you are talking about is universal, one for everyone, it is the history of the exchange, not the DC, but the exchange.
MT5 plans to enter the stock exchange, and there is no such concept, another history... it is one there, one for all traders, the only important thing is the format of its storage in terms of processing capabilities....
I knew Prival would detonate :-) But it's a good article. I was also extremely surprised to see it on metaquotes.
The stockmarket has that one true tick history, and it is available to all market participants who are willing to pay. Expensive. Expensive to buy, expensive to store, expensive to process - that's 60 gigabytes of date a day. But everything is available. There is something similar for forex too, for example, quotes passed through Reuters channels will do for a benchmark.
I've already made my point about the Scrooges. And I don't want to deprive them, let them earn . I ask only for the format (the correct format for storing history). The fact that DCs do not have the same history is understandable and it is clear why. But the history that you are talking about is universal, one for everyone, it is the history of the exchange, not the DC, but the exchange.
MT5 plans to enter the stock exchange, and there is no such concept, another history... it is one there, one for all traders, the only important thing is the format of its storage in terms of processing capabilities....
Is there a standard for storing ticks? I would just be interested in recording at least a month's history (albeit with holes) and compare the results of analysis with the analysis on OHLC.
The cheapest one like e-signal is paid. here it is free, I have no complaints, it is what it is, but the format of storage kills ( ((
No, there are free ones too. I forgot. Gain and Dukascopy.
- www.mql5.com
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
New article Technical Analysis. What Do We Analyze? is published:
Author: Victor