How much is needed.... - page 24
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The whole problem is that no one knows exactly how much time it takes. As a result, any method based on the assumption that the upper level trend is so strong that it will not end for a long time (and the superficial interpretation of the VTE is no exception) is doomed to failure.
The correct use of VTE first assumes a probabilistic forecast of at least a few dozen possible outcomes, because there are 1-2 times every 5 years, if not more rarely, when all the possible combinations at different levels add up to a single possible forecast. Usually for every bullish forecast, there is an equally likely bearish forecast. If someone doesn't think so, it means they don't analyse all the wave account options. In the end, most often it comes down to a combination of randomness and intuition, because even though theory gives some reference points in interpretation of a market situation, they are still quite vague and do not lead to statistically reliable positive results.
The only measure of the adequacy of a particular approach is statistics over a sufficiently long period. Unfortunately, to correctly automate VTE MTS requires an inadequate investment of time, skills and effort. Therefore, such automated systems are not available to the masses. This, unfortunately, hides the real face of VTE in relation to trading on the markets from many.
P.S. I am not an opponent of VTE - but I have studied and applied this theory on paper for quite some time, until MT4 came along, which allowed me to test it on a large amount of historical data and draw appropriate conclusions.
to Sart.
Huh. If you want to measure yourself with professional traders,
then that's not where MetaTrader is,
it's where MetaStock is.
The real reason for this is not professional traders, but self-trader from free software, who have got saturated with reason from liquor store, everything in dribs and drabs, which is again free of charge)))))) They are not experts, but self-trader from software, who have got saturated with reason from liquor store, and only in one drop and by Druzhba, which is again free of charge.
A people's revolution in its entirety.
(I hope I did not offend. I am a do-it-yourself and self-propagator, a "perpetual stakhanovite").
For example, (not to offend), MetaStock comes with purchased software ELWAFE, by Elder, which skillfully can be attached to MTxx, but which is not yet available and will not yet be.
to Sart
Gee. If there is a need to measure by forces, and with professional traders,
then it's not here where MetaTrader is,
but where MetaStock is.
Yeah ...
MetaStock ... Is it even correct to compare MT4 and MetaStock? And what is the point of talking about paid and free software? Do you (or anyone in the CIS) use a licensed purchased MetaStock?
In the same post I will briefly note - operational work on VTE is not much different from the work on the system of nested trends. In fact, if we have, say, three nested trends of the same direction, we can safely open. Just imagine that, for example, the uppermost trend has a timeframe larger than the daily one, and the next nested trend has a daily timeframe.
In the same post I will briefly note - operational work on VTE is not much different from work on the system of nested trends. In fact, if we have, say, three nested trends of one direction, you can easily open. Just imagine that, for example, the uppermost trend has a timeframe larger than the daily one, and the next nested trend has a daily timeframe.
to goldtrader
The atmosphere among professional traders is not the same as here.
1. They will never say that they are traders. I remember back in 2000 I was trying one of my acquaintances: why do you need a "computer class" for 20 seats,
And he said to me that "accountants serve clients remotely", allegedly for 50 c.u. per client. Well, I thought that will not pay off, and he only shrugged his shoulders professionally.))
2. They cannot tell us which indicator they use, moreover which strategy they use, from which brokerage company, at what time they work, etc.
3. in the CIS Metastock is available from 2400 USD, in Moscow on Marxistkaya Street they trade. Optional: canopies, training/connection.
4.4. Professionals about MetaTrader - "skills training programme".
5. From dialogue with professionals leaves a sediment - you feel like a worker from a preparatory department where there is a free canteen, but no books. Singing songs with glee, and copying notes, learning bourgeois science from the elbow.
6. Money loves silence and good people)))
7. Let's have a people's MT-xx!!! Our answer to Metascot!
Korey,
Obviously you have never tried to program any non-trivial strategy in Metastock yourself. It is impossible, better to shoot yourself at once. You have impressions of Metastock only on the word of other traders. The reason of their devotion to Metastock is that at the beginning of their trader's career it was the only available technical analysis program in the CIS. The 21st century has come, but the habit is still there.
to goldtrader
4.4 Professionals on MetaTrader - "skills training programme".
And they are understandable: they probably have not written a line of code in MQL, and probably are not capable of it. And they probably do not need it. And they simply fear to hire a competent MQL-programmer (and this is also understandable) due to super-confidentiality of the TS they use. Here the principle "never look for the good" rules and it proves to be true.
to goldtrader
I remember in 2000 I tried one of my friends - why do you need a "computer class" for 20 seats?
So what for, if not a secret, a trader needs a classroom for 20 seats?
to goldtrader
I remember in 2000 I tried one of my friends - why do you need a computer class with 20 seats?
So what does a trader need a class for 20 seats?
The client couldn't stand the torture and didn't have time to speak up. )))
to Sart
Huh. If there is a need to measure forces, and even with professional traders,
then that's not where MetaTrader is,
it's in MetaStock.
The real reason for this is not professional traders, but self-trader with free software, who have got educated in their minds and received everything in accord with Friendship, which is, again, free of charge)))) They are not experts, but self-trader with free software.
A people's revolution in its entirety.
(I hope I did not offend. I am a do-it-yourself and self-propagator, a "perpetual stakhanovite").
For example, (not to offend), MetaStock comes with purchased software ELWAFE, by Elder, which can be skillfully attached to MTxx, but which does not yet exist and will not yet.
It seems that you think badly of MT only because you know it very superficially.
"MetaStock comes with a purchased ELWAFE program, according to Elder, which can be skillfully attached to MTxx, but which is not yet available and will not be yet"
Well, I wonder why? Maybe because nobody needs it?