Very useful Article.
Thank you.
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New article Category Theory in MQL5 (Part 8): Monoids has been published:
This article continues the series on category theory implementation in MQL5. Here we introduce monoids as domain (set) that sets category theory apart from other data classification methods by including rules and an identity element.
To illustrate the possible application of monoids to traders we will consider 5 decisions some or most traders may be faced with before executing trades. These are:
For each of these decisions we will come up with:
We are considering 5 decision points of lookback period, timeframe, applied price, indicator, and signal interpretation. Another trader may have different key decision points. It is therefore important to keep in mind this is not a definitive step by step guide but is something that is simply chosen for this article.
Author: Stephen Njuki