Discussion of article "On Methods to Detect Overbought/Oversold Zones. Part I" - page 3
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I looked at the article - what a primitive article, I just felt sorry for the time spent on reading it. This is some kind of opus for "a wide range of housewives and taxi drivers".
Such an article should be published on Yandex.Zen, but it has no place on this forum, as people here are more knowledgeable.
On your announcement of the 2nd part - also all this is already outdated. As it was explained to you - study price jumps in conintegration with changes in transaction volumes.
My wish is to apply multicollinear analysis to detect peaks in each case for a set of correlated assets (e.g. oil + currencies USDCAD + USDRUB or Gold + stock markets). And don't forget about sampling - as it was explained to you, your reasoning is not interesting, you need adequate statistical sampling, with presample and bootstrapping. Anything that is not objective, not based on statistics and does not show profit - no one needs and is not interested here.
Therefore, Alexander, I ask you to show respect to the community and invest in the 2nd part to the fullest, making it interesting and unique in content.
P.S. And please don't write in my address as others that I "have no articles" and therefore I can't criticise you - as it was already explained to you, you are deeply self-deluding, assuming that the popularity of your previous article here is interesting to someone, and that the presence of articles is somehow valued. People on this forum are mostly stubborn coders, busy searching for profitable strategies and patterns, so I will repeat once again - take the 2nd article a level higher and remember that everything that is not objective, not based on statistics and does not show a profit - no one needs or is not interested in it.
Did you understand what you wrote?
Since you so "specifically" characterised my work, I also have every right to evaluate yours.
You called your article "primitive". Of course, your work - which is apparently a total badass - is called "Music for Trading".
But where is the "multicollinear analysis for detection" in your work that you so demandingly call for in others?
I repeat, I am not against criticism, but criticism should be professional, if you are going to do it.
And so it is you who is "self-indulging" by drawing strange conclusions without giving any concrete arguments.
And what is the strange set you strongly recommend: "e.g. oil + currencies USDCAD + USDRUB or Gold + stock markets"? Apparently, this is the favourite analytical tool of, as you say, "stubborn coders"?
And what is the statement: "Anything that does not show a profit - nobody needs and is not interesting"? For example, the absolute majority of articles on this site do not discuss trading strategies at all!
Do you think that all the authors on this resource are talentless and do not meet your requirements?
Dear, before setting benchmarks for others, you need to meet these benchmarks yourself.
Otherwise it looks at least funny!
Yes, you have a difficult case - you want the essence of the article, and you all go in the direction of parsing profiles. What swamp did you come from?????
As respected forum members have already explained to you - if you are a go-public with an article about the research you have done, then you should demonstrate that you are an expert both in the article and in the discussion on the forum, and not demand from the practitioners reading you to have analogues "in your works". For example, I have such analysis in matlab + in experts, I don't have time to write articles - all time for practice. But it is interesting to read other people's articles about patterns, if they have both originality and profit-ruf. I hope you are prepared enough to understand my remarks about correlated peaks of trading instruments (if you don't like specific examples of correlated assets, find other ones, it's not the point).
P.S.: Don't confuse programming articles with trend and pattern research articles; trading articles have long been profit-ruf mast hav. Look at https://www.mql5.com/en/articles/5220, https://www.mql5.com/en/articles/5451 and other articles in the "Trading" section for examples.
Yes, you have a difficult case - you want the essence of the article, and you all go in the direction of parsing profiles. Where the hell did you come from???
As respected forum members have already explained to you - if you are a go-public with an article about the research you have done, then you should demonstrate that you are an expert both in the article and in the discussion on the forum, and not demand from the practitioners reading you to have analogues "in your works". For example, I have such analysis in matlab + in experts, I don't have time to write articles - all time for practice. But it is interesting to read other people's articles about patterns, if they have both originality and profit-ruf. I hope you are prepared enough to understand my remarks about correlated peaks of trading instruments (if you don't like specific examples of correlated assets, find others, it's not the point).
P.S.: Don't confuse programming articles with trend and pattern research articles; trading articles have long been profit-pruf mast hav. Look at https://www.mql5.com/en/articles/5220, https://www.mql5.com/en/articles/5451 and other articles in the "Trading" section for examples.
Yes, the case is really hard - both in terms of the essence of your remarks and the grammar of your comments (however, this is not the main thing).
The main thing is who and what is confused. You should somehow choose time not only for practice, but also for theory, otherwise what practice without knowledge of theory?
It is clear even to a beginner that these are deeply interrelated things. And that is why it is a misconception to divide articles by the principle - separately about trend research, separately about programming.
Otherwise, we get trading robots with, for example, 1 thousand lines of service code, which has nothing to do with analysing market dynamics, and only 10 lines of market analysis code.
And this leads to the stable statistics, which is observed in modern trading - the number of traders making real profit is only 5% -12% of the total number of clients of brokerage companies (this is the official data - both on the stock market and on the Forex market).
The process of market prices movement is a complex non-stationary process and a primitive approach (even with a huge amount of service, non-market programming) is a way to nowhere.
So, don't confuse yourself and don't confuse others.
Yes, indeed the case is a tough one - both in the substance of your remarks and the grammar of your comments (which is beside the point, though).
The main thing is who and what is confused. You should somehow choose time not only for practice but also for theory, otherwise what is practice without knowledge of theory?
It is clear even to a beginner that these are deeply interrelated things. And that is why it is a misconception to divide articles according to the principle - separate articles about trend research and separate articles about programming.
Otherwise, we get trading robots with, for example, 1 thousand lines of service code, which has nothing to do with analysing market dynamics, and only 10 lines of market analysis code.
And this leads to the stable statistics, which is observed in modern trading - the number of traders making real profit is only 5% -12% of the total number of clients of brokerage companies (this is the official data - both on the stock market and on the Forex market).
The process of market price movement is a complex non-stationary process and a primitive approach (even with a huge amount of service, non-market programming) is a way to nowhere.
So, don't confuse yourself and don't confuse others.
I absolutely agree with you. Here we should include more articles on "Statistics and Analysis" that study history. And we are practitioners, we need the Here and Now. And don't forget that everything new is the well-forgotten Old. And to be precise, it's the SCIENTISTS who invent the new things they didn't learn at school. Even the notorious artificial intelligence is nothing but an algorithm based on undefined logic, the foundations of which were laid at the dawn of computers. Bill Gates and capitalism are to blame. With ms-dos, they nipped it in the bud.
The author of the article writes that standard indicators do not take into account the real highs and lows, as well as the real duration of uptrends and downtrends. And this is their main disadvantage for searching overbought (oversold) zones.
So why not rewrite, for example, the same Stochastic to take this into account? Anyone willing to undertake such an experiment?
The author of the article writes that standard indicators do not take into account the real highs and lows, as well as the real duration of uptrends and downtrends. And this is their main disadvantage for searching overbought (oversold) zones.
So why not rewrite, for example, the same Stochastic to take this into account? Anyone willing to undertake such an experiment?
Great idea!
Actually, the article was written for financial market participants to pay attention to this fact.
I would like to add that this problem has been studied in detail within the framework of the impulse equilibrium theory.
Interesting article. I think the basic terms are missing for a point of reference. For example, these zones, in relation to what should be taken into account? Not to each other, you must agree. I myself use the zone of price equilibrium - the area where the reduced activity-interest of both buyers and sellers. The area in which both parties in the long term shines a small profit. From this equilibrium zone it makes sense to determine other zones. Besides, overbought and oversold zones are dynamic and do not stand still, changing depending on price changes. For this reason, indicators can only determine the price entry into the zone, they cannot determine the width of the zone. Everything is like in any market.
I've enjoyed both articles, Reducing Risk and this one. In your articles, you reference Lower and Higher Time frames and use the Lower time frame of M1 for testing. As I am using H4, is it appropriate to change the references from M1 to H4 and M15 to D1 and do the constants of 200 and 300 need to be changed as well. In addition, you did not supply the additional include files to get the MQ5 versions to compile.
Hello, does the indicator published by Aleksandr on the market only work for MT4?
is for MT5, not MT4.