Is forex education misleading or everyone is stupid? - page 5

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Dominik Egert #:
Good.

Finally someone who understood forex and was able to articulate.

What's your approach, what type of contribution are you looking for?
The day i realized whats going on I dropped all my forex EAs from the market as i did not want to be involved in the mess and misleading people, I started making EAs for trading stocks, index funds mostly and things i consider valuable
 
Ndumiso Mavuso:

·         90% indicators are moving averages. Pointless to combine them, they do the same thing!

Facts, indicators of the same type are pretty much the same if you check correlation between them you will realize they are more than 90% correlated, Using multiple indicators seems dumb TBH

Find a certain pattern with a probability of 51% or more

·         49% of the time you lose, make sure you lose less or equal to what you profited 51% of the time

That’s it simple.

From my experience working with AI models a well made model usually provides a probability of around 51-54% winning, you get more than 60% or 70% something might be wrong and the model might not generalize well in the long run as it is overfitted, in my view forex data is very random and too complex to predict, and it doesn’t make much sense from a technical standpoint

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