Discussion of article "Automata-Based Programming as a New Approach to Creating Automated Trading Systems" - page 6
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about a topic that no one has ever thought of or discussed!
I put this article here because of my criticism of the status quo.
GOURO Hamady DIALL | 3 December, 2012
THE SCIENCE OF FINANCIAL MARKET MANAGEMENT
The article describes the current deplorable state of affairs in Forex theory. There seems to be some practice, but there is no universal, describing FOREX as a Unified Scientific Theory. The reasons for the creation of the new science of FOREXOLOGY are described.
Κάλλιοαργά παρά ποτέ
Better late than never
Introduction
Everyone is familiar with Ivan Krylov's fable "The Swan, the Crab, and the Pike" (1814):
When there is no harmony among comrades,
Their work won't go well,
And it'll be nothing but misery.
One day Swan, Crayfish and Pike
Carried a load of goods.
And the three of them all pulled together;
And they all tried their best, but the wagon would not go on!
The load would seem light and easy to them:
But the Swan is rushing to the clouds,
The Crayfish fades back, and the Pike pulls in the water.
It's not for us to judge who's to blame or who's right;
But there's still the same.
Since the moment of automation of any Exchange and Forex, all traders, like "Swan, Crab and Pike" without support and without basis (without Fundamental and Applied Scientific and Theoretical base) try to create something inarticulate, like an Expert Advisor, with a "cool" management strategy, which does something with longs and shorts. And in the end, many people lose their deposits. And on this .... nothing comes out...... But it's still there.
But only on forums fludists and emptytalkers explain each other ...theimportance and usefulness ...chatter on the course of the market price. And in addition, they call each other names, and mock others and wash bones, ... and rub their trousers, instead of doing business; but they are still there!
A successful trader, who does not drain his deposit, is afraid and trembles, so that ... his increased capital is not drained. And he knows from experience that
Capital growth in the past is not a guarantee of capital growth in the future.
But why do some people drain at once and others later? There is a probability of losses and drain in the future with any increased deposit in the past!
1. Reasons for constant failures
All lies in the fact that all traders! without a rigorous scientific theory go (into the water without knowing the ford) in practice!
And for some reason they persistently study only one chart thoroughly, and the control system "COUNTER" is not studied in detail and is completely neglected by traders. All indicators give signals from the chart, orders come from the Expert Advisor , i.e. it shows a complete and continuous interaction of two systems - external and internal.
In my first article"Automatic programming as a new way of creating automatic trading systems" there are references to the autopilot control of a helicopter and the movement of the car in vector space. This is an analogy with our Expert Advisor, look at these references and study how these analogies of external and internal systems interaction are properly programmed.
Deposit growth is the unambiguous and only correct interaction of two systems (market and EA), drain is the opposite.
What is known to this day (indicators, all kinds of strategies) ..... is not a complete representation, it is a drop in the ocean!
99,999% of scientific data , regularities and laws , formulas, theorems, proofs, conclusions, definitions of Forex and so on are simply not there yet, and nobody knows about it and thinks to achieve something in practice!
Without a complete and comprehensive theory to use practice is as stupid as to create a Nuclear Reactor without a SCORPULAR knowledge of atomic physics, or a Surgeon to operate on a patient without a Higher Medical Education, or to drive a car without a knowledge of traffic theory, or a Sapper to disarm a mine without knowledge of his business.
Explosion of reactor and mine, Death of patient or Accident on the road is guaranteed in the future, i.e. in our way full SLEEVE:
They took up a cart
And three of them all pulled it together;
They are trying their best, but the cart is still running!
Therefore, the equal force of many traders' strategies is equal to zero according to the fable "Swan, Crayfish and Pike".
The reasons are given:
The load would seem and light for them:
Da Swan rushes into the clouds,
Cancer pushes back, and the Pike pulls in the water.
It is not for us to judge who is to blame and who is right;
But it is still the same.
There are so many talented smart people and traders in the world, but no one has created the ONLY RIGHT ADVICE that meets the predetermined goals.
For example, setting a task for development:
It is required to create an Expert Advisor with monotonous deposit growth over time, on any financial instrument, on a 1 minute chart, at a given spread=3, leverage=500 and maximum drawdown < 5% and minimum profit factor > 2 and starting capital=10000!
So, for such a thing to be possible in the future, we need a Global Forex Theory, not just some long-term practice! Even all the academicians and scientists of the world will not help here, if there is no UNITED BASIC THEORY and SCIENCE as such!
.
Says:
When there is no agreement among comrades,
Their work will not go well,
And it will not work, only flour.
And in order not to suffer in vain anyone needs Consent, i.e. Law or Science or more precisely Scientific Consent of all systems in the advisor, working continuously on the market.
Thus, to be able to correct this disagreement between the market and the Expert Advisor, a special science is needed.
It should be strictly scientific - theoretical and applied, including both the section "technical analysis" and new directions of research. It should contain all the best that has been found....
This science will use and develop further the whole arsenal of scientific and technical methods and means developed earlier to solve problems of similar nature of the market and complexity of the advisor from other fields of science and technology.
Let us call this science FOREXOLOGY.
2. FOREXOLOGY
Let us define this science:
FOREXOLOGY is a technical science that studies in detail all the processes occurring in FOREX, and investigates the phenomena comprehensively all the elements (market and advisor) of Forex and their interaction with each other.
FOREXOLOGY is aimed at development and theoretical systematisation of objective knowledge about FOREX. The basis of this activity is the collection of facts, their constant updating and systematisation, critical analysis and, on this basis, synthesis of new knowledge or generalisations, which not only describe the observed FOREX, but also allow building cause-and-effect relations. Theories and hypotheses, which are confirmed by facts or experiments, are formulated in the form of FOREX laws.
Three main directions in scientific research can be distinguished:
3. Scientific research: its essence and features
Any scientific research - from the creative idea to the final design of scientific work - is carried out very individually. But still it is possible to identify common methodological approaches to its implementation.
Modern scientific-theoretical thinking seeks to penetrate into the essence of the studied phenomena and processes. This is possible under the condition of a holistic approach to the object of study, the consideration of this object in the emergence and development, i.e. the application of the historical approach.
To study in the scientific sense means to conduct exploratory research, as if looking into the future. Imagination, fantasy, dream, based on real achievements of science and technology, are the most important factors of scientific research.
To study in the scientific sense means to be scientifically objective. Facts should not be cast aside just because they are difficult to explain or find practical applications for them. The fact is that the essence of the new in science is not always visible to the researcher himself. New scientific facts and even discoveries because of the fact that their significance is poorly disclosed, can remain for a long time in the reserve of science and not used in practice.
The development of ideas to the stage of problem solving is usually carried out as a planned process of scientific research. Science knows and accidental discoveries, but only planned, well-equipped with modern means of scientific research reliably allows to uncover and deeply cognise objective regularities in nature. In the future, the process of target and general ideological processing of the original idea continues, clarifications, changes, additions are made, the outlined scheme of research is developed.
Scientific research is a purposeful cognition, the results of which appear in the form of a system of concepts, laws and theories.
Scientific labour is necessarily a purposeful process, the achievement of a consciously set goal, clearly formulated tasks. This process aimed at searching for the new, at creativity, at discovering the unknown, at putting forward original ideas, at new illumination of the issues under consideration. It is is characterised by systematicity: the research process itself and its results are ordered, brought into a system. It It is characterised by strict evidence, consistent justification of generalisations and conclusions.
The object of scientific-theoretical research is not just a separate phenomenon, a specific situation, but a whole class of similar phenomena and situations, their totality.
The purpose, the immediate objectives of scientific-theoretical research is to find common in a number of single phenomena, to uncover the laws by which arise, function, develop such phenomena, i.e. to penetrate into their deep essence.
The main means of scientific-theoretical research are: A set of scientific methods, comprehensively substantiated and brought together in a unified system and a set of concepts, strictly defined terms related to each other and forming a characteristic language of science.
Theresults of scientific research are embodied in scientific works (articles, monographs, textbooks, dissertations, etc.) and only then, after their comprehensive evaluation are used in practice, taken into account in the process of practical cognition.
4. Applied result of FOREXOLOGY
The main Applied practical result of FOREXOLOGY is the task of creating a software device, or automatic control system - an advisor that meets predetermined criteria and goals.
Let us define in FOREXOLOGY what an advisor is:
An Expert Advisor is a software implementation of a system of automatic management (opening and closing) of a set of long and short positions, depending on the external environment (price chart) to achieve a certain goal (equity growth) with a constant limitation (remaining free funds).
We can liken the automatic control system to a wind generator:
The market is the wind, wind speed is the chart trend spread, hurricanes and storms are GEPs and calm is flat, The number of longs and shorts is the number of blades, and the sum of longs or shorts is the area of the blades swept by the wind,
Friction and losses on the blades and in the generator is the spread (commission and swaps are minuscule), Turbulence (chaotic swirls of air) is white tick noise and noise within bars.
The main thing for a wind generator: it doesn't care where the wind blows from and where it blows to ! it basically doesn't predict where the wind will blow in five minutes or a day or a year.
You can also liken an automatic control system to a rectifier:
This device converts an AC voltage into a DC voltage. The AC voltage is the variable profit or loss in the EA - on the input, we need to have a positive profit - on the output,
The signal period is the period from the local past highs (lows) of the market to the current highs (lows).
The main thing for the rectifier: it does not matter what form the signal at the input is: pure sine or meander, random or non-stationary fractal.
It is also possible to liken an automatic control system to a machine:
The steering wheel is the main device in realising the driver's decision making.
The trajectory on a winding road is a graph.
Steering wheel play, road roughness - tick noises , minute bars .
Full petrol tank with fuel - starting capital.
Current fuel level - balance of available funds.
Gas - increase of longs and shorts positions .
Braking - reduction of longs and shorts positions.
Standing - no positions.
Stopping - positions are multidirectional and equal.
Turn to the left - minimum of the chart.
Turning right - chart maximum.
Straight or Straight flat road - good trend.
.....you must complete it yourself.....
The main thing for a car: it does not matter how difficult the road is! It is important that the driver drives it correctly and without accidents.
For a complete study of the EA from scratch, you can replace it with a black box model.
Black Box is an object whose internal structure is unknown or unimportant within the framework of the problem to be solved, but whose functions can be judged by its reactions to an external influence.
A complete description of the functions of a "black box" is called its canonical representation. "Black boxes" characterised by the same canonical representations are considered equivalent.
Unlike a "black box", a "white box" is an object whose internal structure is completely known to us.
The concept of a "black box" is widely used in many scientific disciplines, primarily technical ones, when studying and/or describing any objects that have a relatively stable character (without taking into account the development or change of the object itself). This is due to the fact that the "black box" is a visual form of representation of the result of the main process of human thinking - abstraction, and the use of the "black box" in the description of the object greatly facilitates the understanding of the meaning.
5. black box model
.
When starting to study a new, unknown system, we do not know what we are dealing with. In this case, an idea about the object of study can give some description of its properties.
A functional description of a system reflects its parameters, the processes taking place and the hierarchy of the system. It makes it possible to answer the question of what the system is intended for. In a broader sense, the functional description allows to evaluate the importance of the system in its specific function and impact on the external environment (links with other systems). In this case, the function of the system is fulfilled if the system parameters and processes are limited to the limits, outside of which the system is destroyed or radically changes its properties. For example, the functional description of the heating system of a training room.
The morphological description answers the question of what elements the system consists of. It determines the depth of the description (selection of an element, inside of which the description does not penetrate), compositional properties (the way of combining elements into a system) and the efficiency of the function, which is affected by distortions and unintended losses of information.
Thus, the morphological description reflects the composition of the system and the links between its elements, allows you to build a hierarchical structure of the system. For example, let's imagine a morphological description of the heating system of a training room.
Information description gives an idea of information exchange between parts of the system, the system and the external environment. The description allows to judge the information ordering of the system. It usually defines a measure of uncertainty (entropy) or orderliness (non-entropy) of the system and information metabolism (information exchange with the environment). It is important to remember that the information brought from the external environment is especially valuable for the system, but we should not forget that not all information is necessary for the system. For example, let's make an information description of the heating system of the training room.
As we can see, having made three descriptions of the system, we get ordered information about the object of interest to us.
The system approach is a universal method of research, based on the perception of the object under study as something whole, consisting of interrelated parts and is simultaneously part of a higher-order system. It allows the construction of multifactor models that are characteristic of socio-economic systems, which include organisations. The purpose of the systems approach is that it forms the systems thinking necessary for researchers and increases the effectiveness of decisions.
Nevertheless, in theory, and in practice, it is often sufficient to have only part of the information about an object. For example, when we do not know the current digital value of the exact time (the problem is not knowing the exact time, the goal is not to be late for something), it is enough to look at a clock without thinking about its internal structure and the source of energy for its operation.
In the above example, the purpose of the clock (the purpose of its existence) is to show the exact time at an arbitrary moment and thereby influence the environment external to it.
Graphically marked interactions of the system with the external environment are presented in the following diagrams
The content of the system in this case is not known (or is not of interest to the external environment), but it is sufficient to solve the problem.
In other words, it is important to determine what is needed at the input to the system and what should be at the output of the system, and it is not important what is inside the system. Therefore, the above model is often called the "black box" model.
The concept of "black box" was proposed by W. R. Ashby. In cybernetics it allows us to study the behaviour of systems, i.e. their reactions to various external influences, and at the same time to abstract from their internal structure. Thus, the system is studied not as a set of interrelated elements, but as something whole, interacting with the environment at its inputs and outputs. The black box method is applicable in various situations.
This method is used when the internal processes of a system are not available for study. For example, studying the activity of new drugs. The black box method is used in the study of systems, all elements and connections of which are available in principle, but are either numerous and complex, which leads to a huge expenditure of time and money in direct study, or such study is inadmissible for some reasons. Examples are checking the readiness for operation of an automatic telephone exchange, which is carried out by "pinging" rather than directly checking all the blocks, circuits, etc.
A study using the "black box" method consists in making a preliminary observation of the interaction of the system with the external environment and establishing a list of input and output influences, among which significant influences are selected. Then the inputs and outputs are selected for study, taking into account the available means of influencing the system and means of observing its behaviour.
The next stage involves influencing the system's inputs and recording its outputs. In the process of study, the observer and the "black box" form a system with feedback, and the primary results of the study are a set of pairs of input and output states, the analysis of which makes it possible to establish a cause-and-effect relationship between them.
Currently, two types of "black boxes" are known. The first kind includes any "black box" that can be considered as an automaton, called finite or infinite. The behaviour of such "black boxes" is known.
The second kind includes such "black boxes" whose behaviour can be observed only in an experiment. In such a case, an explicit or implicit hypothesis about the predictability of the behaviour of the black box in a probabilistic sense is made. Without a prior hypothesis, any generalisation is impossible or, as they say, it is impossible to draw an inductive conclusion on the basis of experiments with a "black box".
Thus, an unstudied EA or "black box" is a system in which input and output quantities are known, but its internal structure and the processes occurring in it are not known. One can only study the system by its inputs and outputs, but such a study does not provide a complete picture of the internal structure of the system, since different systems may have the same behaviour.
It should be stressed that the main reason for the multiplicity of inputs and outputs of the "black box" model is that any real system, like any object, interacts with the objects of the external environment an unlimited number of times and for different reasons.
6. Modelling and system definition
Originally, a model was referred to as some kind of auxiliary tool, an object that replaced another object in a certain situation. Modelling is a fundamental method of research of large and complex systems in systems theory.
Every theory is also a model of understanding the content of the subject of research. Models can be created on the basis of means of cognition (forms of thinking) - heuristic, hypothetical, conceptual and on the basis of rational-logical means of research - empirical, theoretical, mathematical.
There are many definitions of models. Especially mathematicians who created the theory of models have succeeded in it. Most often a model is understood as a certain object-substitute, which under certain conditions can replace the original object, reproducing the properties and characteristics of the original. And here the convenience has a significant advantage, i.e. the model is a representation in any way the essential characteristics of objects, processes and their interrelations with real systems. The basis of modelling is the principle of analogy.
Analogy - similarity, similarity of objects in any properties, features, relations.
Having convinced in analogy of two objects, it is supposed that functions, properties of one object are inherent in another object for which they are not established. The method of analogy consists in studying one object - the model, and the conclusions are transferred to another - the original. In other words, analogy is a conclusion from the model to the original.
A model is a kind of tool for studying systems and allows, on the basis of changes in the initial assumptions, to predict the behaviour of the system. In addition, the model is a means of simplifying the object and its study, as it allows to study the system in terms of its essential characteristics, abstracting from the side influences of the environment.
Among the methods of simplification, carried out in the process of modelling, we can name:
- exclusion from consideration of a number of variables - both by exclusion of non-essential variables and by aggregation of variables;
- changing the nature of variables - both by considering variables as constants and by considering discrete values as continuous;
- changing the nature of the relationship between the elements (replacing non-linear relationships with linear ones);
- changing the constraints - both by removing the constraints of the model and by removing the constraints of the system.
Any model is built on the basis of some theoretical principles and implemented by certain tools of applied sciences.
In the theory of systems, special modelling methods are widely used, which are applied in applied computer science. These include:
- simulation dynamic modelling, which uses the methods of statistics and a special programming language for interaction of structural elements;
- situational modelling, which uses the methods of set theory, algorithm theory, mathematical logic (Boolean algebra) and a special language for analysis of problem situations;
- information modelling, which uses mathematical methods of information field theory and information circuit theory.
7. Model of composition and structure
How to determine the internal structure of a "black box" when it is necessary?
Integrity and separateness as internal properties of a system nevertheless allow to distinguish its constituent parts, which in turn (depending on the problem statement) can be represented by constituent parts and elements.
Elements are those parts which are considered as indivisible. The system is divided into elements in various ways, depending on the formulation of the problem, purpose and concretisation in the process of analysis. Sometimes the principle of partitioning is modified by identifying other elements.
The parts of a system consisting of more than one element are called subsystems. The division into subsystems reveals interdependent elements with relatively separate functions-targets that contribute to the overall goal of the system. In any case, when we speak of a subsystem, we mean that the selected aggregate preserves the integrity of the system, unlike a group of elements for which this property may not be fulfilled.
Thus, it is not difficult to imagine a model of the composition of the system. The simplest models of composition are all kinds of classifiers and unordered lists of constituent parts of any system.
The structure of a system is a set of necessary and sufficient relations between the elements to achieve the goal. At the same time, the structure is understood as an image, a certain picture of a phenomenon or object, so it is said that the structure reflects a regular pattern of relationships between the elements of the system. In other words, the structure is a set of elements that interact with each other in a certain order to implement the functions of the system. Structure determines the orderliness of the system, the orderliness of its elements and relationships.
As follows from the definition of structure, it is more about the connections between the constituent parts of the system. Obviously, we can talk about the connections between the elements of the system only after the model of the composition of the system has been defined, i.e. after the elements themselves have been considered.
There is an unimaginable (maybe infinite) number of relations between the real parts of any system due to the infinity of nature itself. However, when we consider some set of objects (parts) as a system, only some of them are important, i.e. essential, for achieving the goal. More precisely, in the model of the system structure we include only a finite number of relations which, in our opinion, are essential in relation to the goal under consideration.
A relation is a set of dependencies of properties of one element on properties of other elements of the system. To establish a connection between two elements means to reveal the existence of dependencies of their properties.
Interaction - a set of interrelations and relationships between the properties of elements when they acquire the character of interaction with each other.
In philosophy, the doctrine of connections is the basic concept in describing phenomena and processes in the form of a universal and connected whole. Connections appear in the laws of causality, unity and struggle of opposites, content and form, essence and phenomenon.
Connection as a concept included in any definition of a system characterises the emergence and preservation of integrity properties of the system, it reflects both the structure and the rules of functioning of the system.
Links are classified by directionality (directed and non-directed), by force parameters (strong and weak), by type of control (subordination and equal control links), by place of application (internal and external), by order of action (direct and reverse).
Thus, the structure of the system is a set of elements of the system and the links between them in the form of a set.
Further consideration is beyond the scope of the article and everything can be found in the Theory of Control Systems.
8. Weierstrass function
Everybody studies the chart, everybody knows that it is fractal, but its main peculiarity is that the price chart is a stochastic Weierstrass Function. A fractal function! It is continuous everywhere, but nowhere has a derivative!
These are the difficulties a trader has to face in reality! It is even impossible to take a derivative here!
The Weierstrass function is defined on the whole real line by a single analytical expression:
where a is an arbitrary odd number, b is a positive number less than one.
This fractal complexity and the absence of a derivative by definition causes serious problems in mathematics, when the solution is found only with the help of the derivative, in differential equations .
9. What is randomness of price charts and is there such a thing?
Is there randomness in our world or everything that happens on Forex is regular, i.e. subject to the action of known or not yet learnt laws?
At first glance, the very statement of such a question looks absurd: after all, everyone knows that there is even a special science - "Probability Theory" - the subject of which is the study of random events. However, we should not rush to conclusions - in fact everything is not so obvious and simple.
Or rather, everything is simple only with the Theory of Probabilities. This respected science, being one of the sections of mathematics, operates, like all mathematics in general, with abstract (i.e. fictitious) objects, providing a person for his everyday needs a convenient model of objects, events and processes of the real world and their real interrelations.
Thus, the invention of a wonderful mathematical model of "random" events does not mean that this abstraction must exist in real life. For the same reason one should not look for mathematical "points", "straight" lines, "infinity" or "continuity" in the real world - they are not there, never were and never will be.
In fact, everything that we perceive as "randomness" is just its illusion.
Not only are there no accidents in the world, they are fundamentally impossible: all events are causally determined and subject to laws that are 99.999999999% not yet known to us! Thus, we are not dealing with randomness, but exclusively with regularity.
Thus,
"randomness" of price charts is a measure of our ignorance of Forex laws.
But as long as our knowledge remains imperfect, the illusion of randomness will always take place in our lives. The Weierstrass Function is a prime example of proof of this.
And so it will always be true for the humble statement that: " I know that I know nothing".
10. About wind FOREX
Wind is an unconventional source of energy!
Obviously, no one will dispute the fact that wind speed, or the height and frequency of sea waves in a particular geographical point and at a particular time - have random and practically unpredictable values, although they are, in general, wave-like in nature.
Despite the fact that all these quantities have pronounced seasonal features, it is only possible to predict with some probability the probability of occurrence of their values at a particular moment in time. This is one of the main problems of using such sources of seemingly inexhaustible, "free" energy of our Sun.
Another problem of utilising light, wind and marine energy is to create highly efficient technical means for converting their truly limitless (in volume and/or power) but "almost elusive" energy potential into, for example, mechanical or electrical energy. In some cases, this potential turns out to be weak, which means that it is too expensive to extract energy from it (it is cheaper to buy a diesel generator!); in other cases, it is too large, when these converters themselves, designed for some "regionally average" energy indicators, break down.
Nevertheless, it is quite possible to extract useful energy from such sources, but everything depends on its cost price, i.e. on how successful the efficiency (productivity, efficiency) of the corresponding converter of such energy turns out to be, as well as on the total energy potential of the exploited renewable source in the place where the converter is installed. It is clear that backlashes and friction of various kinds in the mechanical elements of such converters will always be present, but the less they are, the more chances there are for the possibility to extract any energy at all or to increase the efficiency of energy extraction from weak sources.
The prices of financial instruments in the Forex market behave in a very similar way. This highly liquid, ubiquitous and practically constantly operating process, conditioned by movements of large and small world socio-economic and currency-financial waves, is positioned by dealing and brokerage institutions exactly as an inexhaustible source of income - "go and take it"!
However, as we know, this is easy to say but difficult to do: almost random nature of price fluctuations of different intensity (from one-period "microwaves" to powerful trends of different orientation), the presence of transaction costs, spreads, delays in order execution and price slippages, other "near-market" factors (including fraudulent ones), analogues of which in the renewable energy sector are friction and backlash in mechanical elements of converters - all this builds such obstacles that our trading systems - these "converters" of market "free" monetary energy - usually cannot overcome.
To solve the problems arising in the practical use of natural renewable energy sources, whole scientific institutes and departments have been established in higher educational institutions, specialised departments have been formed in ministries and agencies, and branches in national academies of science in many countries of the world. These organisations and bodies are called to contribute to the development of scientific and theoretical basis of unconventional energy and development of designs of efficient energy converters generated by inexhaustible (in a certain sense) hydrogen-nuclear reserve of our Sun.
But to solve the problems in Forex, arising in the practical use of market energy, the whole scientific institutes and departments in higher educational institutions have NOT been created , profile departments in ministries and departments and departments in national academies of sciences in many countries of the world have NOT been formed .
And no sane person would think of accusing anyone of speculation and condemning him for attempts to get hold of this "free" energy and then sell it at a price exceeding its cost price!Another attitude to the Forex market. Yes, it is possible to earn theoretically, unlimitedly much and constantly on the Forex market. Such theoretical possibility is conditioned by the fact that currency quotations are always changing somehow, forming on price charts similarities of waves - prices are rising and falling, in some way like sea periodic or even tidal waves. But involuntarily they attract the attention of the public, which, as it is known, consists of envious and unsuccessful traders, who only by virtue of brokers' statements about the ease and grandiose earnings at Forex market hang the label of a speculative and fraudulent office on it, and call it a GAME. And those who have come in close contact with the realities of Forex, experience the "ease" of getting such profits on their own skin. Let us remember the gold diggers who worked like the damned and sometimes laid down their lives in hostile mines for the sake of the glitter of particles of washed gold! And today, thanks to scientific and technical achievements, the development of gold-bearing rocks is carried out on an industrial scale, and no one thinks of accusing gold mining companies of speculation.
Conclusion
Everyone should create his own wind generator or rectifier, but for this purpose it is necessary to study very seriously and do Fundamental and Applied research in Forex.
All exchanges and Forex need not so much technical analysis but scientific and technical analysis.
This science is open to all traders and academics practitioners and theorists from any technical and mathematical field.
Supplement and enrich the new science..... with your ideas and research!
PS
In applied questions of EA software implementation you can and should apply "Automatic programming", given in my first article "Automatic programming as a new way of creating automatic trading systems"
If suddenly my critics, and other readers who do not need Science in Forex at all, and they want to live in their own way and in the old way, I will say in advance ..... "And you, friends, no matter how you sit down, you are not fit to be musicians".
I write about the truth and the truth, and if it cuts or stabs your eyes , let it ! The main thing I managed to convey in the article is the idea and thought for the clever and talented, and let the rest of you counsellors clap the same old way!
and more....
The monkey has become weak in the eyes in his old age;
And she heard from people,
That this evil is not yet so great a hand:
It's only a matter of getting glasses,
She got herself half a dozen glasses;
She twirls them round and round:
She presses them to her temples, or strings them on her tail,
Smelling them, licking them;
The glasses don't work at all.
"Ugh, the abyss! - she says, "and he's a fool,
"who listens to people's lies:
"All about the Glasses I've been told;
And they are of no use to me."
The monkey, with vexation and grief.
She smashed them against a stone,
That only the sprinkles glistened.
Unfortunately, that's the way it is with men:
No matter how useful a thing may be, it's worthless,
The ignorant man's opinion of it is always to his own detriment;
And if the ignorant know better,
And if he is ignorant of her, then he drives her away.
Literature:
How to extract real profits from the potential energy of the forex market?
blah, blah, blah.
And there is also the Weierstrass-Mandelbrot f-iie (a kind of Weierstrass f-iie). Fractal dimension is not so difficult to calculate. There is only one parameter to pick up :)
I want to add my article
about a topic that no one has ever thought or reasoned about!.....
No wonder they don't want to publish.
Это сообщение всем, кто сыграл определенную роль в эволюции этой статьи, особенно автора.
Я не могу полагаться на 100% на текст или лингвистику, чтобы я мог передать свой ответ и реакцию на статью, которая была опубликована здесь. У меня так много, что я хотел бы выразить. Если я начну пытаться объяснить мои чувства с помощью текста, тогда я буду ей на половину жизни и все равно не смогу точно передать свое сообщение. С учетом сказанного мой выбор заключается не в том, чтобы сильно полагаться на текст и слова. Моя отзывчивая энергия найдет свой путь ко всем тем, кто сыграл определенную роль в событиях, ведущих к моему открытию.
Богатство мудрости, ожидающее здесь, нашло меня, и я понял с удивительной ясностью. Это в надежных руках.
Спасибо.
Большое спасибо.
С уважением,
Дол. :-)
This is a message to all who have played a part in the evolution of this article, particularly the author.
I am not able to rely 100% on text or linguistics in order for me to convey my response and reaction to the article that has been published here. I have so much that i would like to express. If I begin to attempt to further explain my feelings through text, then i will be her for half a life time and still not be able to accurately convey my message. With that said my choice is not to rely heavily on text and words. My responsive energy will find its way to all of those that have played a part in events leading up to my discovery.
The wealth of wisdom waiting here has found me and I have understood with amazing clarity. It is in good hands.
Thank you.
Thank you very much.
Kind regards,
Dale. :-)