Discussion of article "Patterns with Examples (Part I): Multiple Top" - page 3

 
Dmitry Bogdanov:

:)

and putting a "barrier" in the glass is what? isn't it someone else's decision?

and why would someone suddenly decide to put something in the glass?

Your decision will not be taken into account in any case.
On stock markets it is very desirable to trade in waves, so to speak, as a "fish-stick".
And on the domestic market, you can decide a lot, even to bring the moon closer, but only what will it mean and what will be the result?
Read books and move to the real market.
At least, get dividends, otherwise your deposit will be chewed up for sure.

Here, for example, in 2007 Tele.... still shone. (such broker).
One of my students suffered from overnight drawdown (briefly) of USDCAD in 45 pips (there was no fifth sign at that time).
What this brilliant "bro" answered:
- this movement was created by internal clients of the company. At 4:00 a.m. (approximately).
As a result, many customers were affected.
What about the reality?
Nothing. At night, at 4:00 am, nothing happened in the real markets.
You can always create a storm inside the pool and film it on your smartphone as a disaster in the ocean, but would it be like that?
This is the way deposits are.
Well, that's how they are demo account sellers.

 
Dmytryi Nazarchuk:

Is there any statistical substantiation of the pattern's prognostic abilities? What is the point of its identification on a chart if it is impossible to make a statistically significant forecast on it? A pattern is identified only after its complete construction - and then? Are there statistics or what is the point at all?

It is possible to make a forecast, but of course it will not be a hundred per cent forecast. The point is to perform just such statistical analysis, but the current code is not enough for these purposes, we need to finish it, at least add levels to it. It is clear that a trader can also take into account volumes, but within the framework of Forex there is essentially no stack, no volumes. Of course, all this is there, but the terminal does not provide such data. We have to make do with what we have, and we have only price and that's all.

 
Thank you so much. Been Looking for this. 
 
I find it too confusing, maybe less code and more explanations. Understanding code is hard writing is easy once we understand the problem.. So more explanations of the problem than code, plz. 
 
Hi. Loved the article, looking forward to reading the rest of it).
 
Анатолий Лукин #:
Hi! I really liked the article, looking forward to the continuation!)

Greetings, it will be of course, just busy with the branch on theorver at the moment, and after the next article on theorver there will be a second part of this branch.

 
Blurred logic like that leads to facial recognition, just as a sketch drawn with a pencil leads to a portrait.  A few drawing lets appear a pattern evidence  that translate to a trade..
 
v3nen0 #:
I find it too confusing, maybe less code and more explanations. Understanding code is hard writing is easy once we understand the problem.. So more explanations of the problem than code, plz. 
in the next article I will conduct a complete analysis of the entire family of these patterns in order to issue a conclusion based on trade statistics (we will conduct backtests and summarize everything in tables). I hope to draw unambiguous conclusions about the applicability of a particular pattern on a particular timeframe, based on statistics. Most likely, the code will not be. There will be only facts confirmed by statistics. I think it will be useful to everyone.
 
@Evgeniy Ilin The maths of all patterns is here "Bulkowski - Encyclopedia of Price Patterns". It is available on torrents.
Evgeniy Ilin
Evgeniy Ilin
  • 2021.11.25
  • www.mql5.com
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New article Patterns with Examples (Part I): Multiple Top has been published:

Author: Evgeniy Ilin

amazing article, i have been trying to formulate my own logic without using fractals. and you helped a lot in getting everything sorted. thanks