expert based on Elliott Wave Theory - page 11
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А вот ваш предыдущий пост, при общем согласии с вашей позицией, вызвал у меня несколько вопросов.
And now for the main thing: you need not just a coder, but a programmer who understands the subject area, i.e. who is not only familiar with Elliott's theory, but has worked with it in practice and has personally spent thousands of hours analyzing waves and counting them! A fanatic who would not ask who Neely is, but would quote him by heart.
If such a person exists, does he need NYROBA and why hasn't he done it all so far?
However, these are all rhetorical questions. You do not have to answer them.
As far as I understood the meaning of your post: "Don't count on me". The meaning of mine: "Got it". :-)))
The questions are rhetorical, but you can comment on them. I've got convinced more than once that many people that consider themselves wave specialists are in reality far from understanding the fractal structure of the market. Of course I am not speaking about the present ones :-) But even great analysts who can give a perfect markup on history often give up when it comes to a continuous multivariate analysis in real time, i.e., the trading system based on EWA. It's really not enough to read Preckter's 34 lessons and learn to see the waves already formed. The task is somewhat different, to try to predict which Elliot structure is developing with the highest probability and, accordingly, get the most out of this prediction or at least minimize losses in case the prediction is not met. Here you can take Balan's trading plan as a base or really try to program Neely's method.
Why programmers do not do it themselves and why do they need Nyroba? There are different reasons, mainly financial and domestic. After all, they are all working somewhere and the implementation of the project requires disconnecting from everything for a couple of years. Not having a salary or a rest, especially when you are still a family man - it is almost unrealistic, especially when there are no guarantees of getting a working MTS. But when there is a customer who knows the price of this work, who claims to have built a TC based on EWA and is willing to finance its programming - then it is quite another matter. With correct programming, the availability of the MTS is guaranteed by the customer - after all, he claims that the TS is profitable and ready for programming. So the risk is borne by the customer. And the programmer, if he does it professionally and on time, will not only get a decent pay for his work. The final result (a prototype of the system) can not be taken away from him, because it is in his head. And then the customer develops the system by himself at his discretion and capabilities, and the programmer also :-). Over time, there will be two different systems. I don't think anyone will sell them and I've never met anyone who makes money selling typewriters :-)
About "don't count on me" I think so, lots of people have helped me in life and on forums, sometimes it doesn't hurt to share something yourself... Of course, I cannot commit to one project and do another, but maybe I can suggest or advise you something useful. Just chatting with good people is nice enough.
Well, there's finally one more person besides NYROBA (and maybe a couple of other wolves) who truly understands the difficulty of the task...
What is the difficulty of the task? If one has a strategy, all one has to do is start and do it. Nothing will move even in ten years from talking. But I think the situation is somewhat different - you have an impression from the book, and you want to do something, but you do not know what. When a person knows what he or she needs, it is done very quickly.
What is the difficulty of the task? If one has a strategy, all one has to do is start and do it. Talking about it won't move anything forward in ten years. But it seems to me that the situation is somewhat different: you have an impression of the book, and you want to do something, but you don't know what. When a person knows what he needs, it is done very quickly.
Despite the author's impressive statements, I personally do not get an impression that NYROBA is an EWP virtuoso so much imbued with it that he sleeps in zigzags and goes to the kitchen with impulses. This is evident, for example, in the lack of stop-losses (there are obvious problems with defining critical levels, which are in fact inherent in EWP). It's probably just a matter of a few stable wave patterns that make for an almost error-free entry, and a knee-jerk estimate of their potential, done on a calculator.
NYROBA, I'm not going to belittle what you've created. It's just a personal opinion based on your own words. However, your comment about the approximate timing of the coder's work and the need to identify patterns makes one wonder if it is that fast to implement in a robot.
Well, at last there is one more person besides NYROBA (and probably a couple more wave-makers) who truly understands the difficulty of the problem...
What is the difficulty of the task? If one has a strategy, all one has to do is start and do it. Nothing will move even in ten years from talking. But it seems to me that the situation is somewhat different: you have an impression of the book, and you want to do something, but you don't know what. When a person knows what he needs, it is done very quickly.
Imagine a simple TS based on the normalized oscillator. At the maximum - sell, at the minimum - buy. Thus, it is enough to identify the extremum at the right time to trade successfully. Simple, isn't it? And definitely enough. Can you do it quickly (not very quickly)? Or at least just do it ?
Of course, the oscillator line is not smooth. Not only does it "ripple", but it also has all sorts of small waves. And, as you understand, not every local extremum is interesting for trading. Only the extrema of those waves that make up at least 25% of the oscillator amplitude are of interest.
I have repeatedly got convinced that many people who consider themselves specialists in waves are in reality far from understanding the fractal structure of the market. But even great analysts who can give a flawless markup on history often give up when it comes to continuous multivariate analysis in real time, i.e. an EWA-based trading system.
The fractal structure is not an eye for an eye, but an eye for an eye.
And next is the key to understanding why the complexity of the problem is not overestimated even in the slightest degree.(Mathemat, Nota bene)
But when there is a customer who knows the price of this work, who claims to have built TC on the basis of EWA and is ready to finance its programming - then it is quite another matter.
So the risk is borne by the customer. And the programmer for his work, if done skillfully and on time, will not only get a decent fee. The final result (system prototype) cannot be taken away from him, because it is in his head.
I'm not sure Alex is ready to fund this project. There is too much time and money involved. Besides, Alex certainly understands what will be left in the programmer's head. And maybe he thinks that's already part of the payment, maybe even substantial. Or even cooler: the TC is Alex's intellectual property and the programmer has no right to use it. Alex, what do you think about this ?
About "don't count on me" I think so, many helped me both in life and on forums, sometimes it doesn't hurt to share something myself... Of course, I cannot commit to one project and do another, but maybe I can suggest or advise you something useful. Just to talk to nice people - that's what it's all about.
Moreover, it is pleasant to share with nice people. :-)
It may not be difficult to calculate, but that's not the main thing. The main thing is image recognition, which takes place in the mind, and a person is not even aware of what work has been done and how it has been done. "That's it! I see it!" and that's it. :-)
Well, at last there is one more person besides NYROBA (and probably a couple more wave-makers) who truly understands the difficulty of the problem...
What is the difficulty of the task? If one has a strategy, all one has to do is start and do it. Talking about it won't move anything forward in ten years. But it seems to me that the situation is somewhat different - you have an impression of the book, and you want to do something, but you don't know what yet. When a person knows what he needs, it is done very quickly.
Imagine a simple TS based on the normalized oscillator. At the maximum - sell, at the minimum - buy. Thus, it is enough to identify the extremum at the right time to trade successfully. Simple, isn't it? And definitely enough. Can you do it quickly (not very quickly)? Or at least just do it ?
Of course, the oscillator line is not smooth. Not only does it "ripple", but it also has all sorts of small waves. And, as you understand, not every local extremum is interesting for trading. Only the extrema of those waves that make up at least 25% of the oscillator amplitude are of interest.
I can and very quickly.
Imagine a simple TS based on a normalized oscillator. At the highs we sell, and at the lows we buy. Thus, it is enough to identify the extremum at the right time to trade successfully. Simple, isn't it? And definitely enough. Can you do it quickly (not very quickly)? Or at least just do it ?
I can and very quickly.
Great ! Then throw in an RSI(14,Close) indicator on EURUSD, M1 and solve the problem of identifying without lagging RSI extremums.
The amplitude of RSI change between adjacent extremes should be at least 25.