TUTORIAL 02: DYNAMICAL PATTERNS
Every Event in Market Space is a Pattern Orbit can read.
Stemming from my NFP's trade yesterday viewtopic.php?p=1295505809#p1295505809, I touch on the important subject of dynamical patterns. These are sub patterns of the main pattern that allow us to know exactly the meaning of fluctuations, such as the exact inception of a move and the end of a move and much more. This knowledge means that we can tell in real-time a bunch of information which currently traders are only able to judge with considerable difficulty. However, this also makes the point of why the CLOUD BASED TOOL is critical and how the prototype is incomplete. Dynamical patterns allows Orbit to read the market precisely and at all times and so enables functions like automatic take profit or entry to be predefined exactly but because MT4 is not able to take the body of the algorithms required these are not employed in the prototype. But by demonstrating my take profit in a live trade yesterday, I attempt to show (just a part), of the capabilities we are now missing as a result of the technical limitations of the current platform.
The second point that is made is that Orbit the Tool is in no sense a "technical" tool or a trading system. It is a mathematical model of the market and as long as we do not understand what that means for our trading and persist to employ an apophenic "technical" sense to trade it as if Orbit is a "trading system," the less we are likely to gain the true benefits of science based trading. For instance, below I show the quality of trading implied when trading Orbit the Tool to specification. By quality of trading I mean the a) the ease and consistency of early entry b) ease and consistency of holding a trade to amplitude (i.e. you get to keep the money most of the time) c) the timeliness and accuracy of information provided to guide the trader. Finally, a step in the direction of learning to trust Orbit is also learning to recognize that the mathematics is visual and you can see it with your eyes. So look at the order of bars and the behaviours described -----> what does that tell you about the system (market), a stochastic or deterministic system? Your answer tells you how far you have come along on this interesting journey.
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PS: Terms or words not understood or unfamiliar are best looked up in Google. This is good practice because it is wrong to assume that because you are an "experienced" "technical trader," that this somehow equips you to transfer your knowledge and or experience over the line. Will be true in some contexts but chaos has absolutely nothing to do with "technical" anything - NOTHING. It is a major mistake to make in trading TO TRY TO MIX THE 2 and we should learn from what a huge mistake IT is by looking at the work of Bill Williams.
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Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space
Darkdoji, Sun Mar 12, 2023 12:51 am