Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#632
The myth of 10,000 hours: how much effort is required to achieve excellence
In recent years, one of the most persistent stereotypes of psychology has become the myth of the "rule of 10,000 hours", according to which it is the time it takes to invest in any activity to achieve meaningful success. Here I publish an abstract of the article on Brain Pickings, debunking this stereotype and proposing a more complex and effective scheme of movement towards perfection.
"Rule of 10,000 hours", which supposedly can make any person extremely successful in any field, has become a kind of sacred commandment, constantly repeating itself on various websites and master classes. The trouble with this rule is that it is only half true. If you, for example, are new to golf and constantly make the same mistake, 10,000 hours of practice will not improve your skill level. You will still be simpletons, just more experienced. The mechanical repetition of actions will not bring professional growth, but you can approach the goal, if you repeatedly adjust the performance of a task.
The secret of constant improvement is not in the amount of time invested in a business, but in its quality. This sounds simple and fairly obvious, but we still often count on success, based only on the amount of time that we invest in solving a particular problem. The main factor of success is a conscious practice - constant training, on which you concentrate entirely, guided by the instructions of a qualified expert, coach or mentor. This approach is fundamentally different from the approach to measuring success only in terms of the number of hours spent on training. Feedback is a necessary element that allows us to determine our mistakes, to identify sources of their occurrence and to correct them. So the mirror helps the dancers in training. Ideally, feedback should follow from an expert in your field - if you do not have such feedback, you are unlikely to succeed. It is also important to think realistically.
Dreams have their own creative advantages, but in the context of purposeful practice they only dilute the effectiveness of the process. Once you get used to the business that was once new to you, you start making it at a good level automatically. Here you risk becoming a hostage to the "okay-plateau", ceasing to grow and stuck at some level of development. If you are going to achieve brilliant successes, it's time to move from autopilot back to the phase of active attention. Fans are often content with fifty hours of practice - whether skiing or driving - they get to the stage of "good, but enough", reaching the level of performance at which they can perform the required actions with ease.
They no longer feel the need for concentrated practice and are satisfied with the repetition of what they have already learned. In this case, no matter how many more they will practice, their progress will be insignificant. Real experts, on the contrary, continue to pay attention to the matter, deliberately opposing the desire of the brain to automate the processes. They actively focus on what they do not perfect, fix what does not work, and never stop learning. If they start to move by inertia and stop their "smart practices", then they immediately fall into the plateau, where their skills no longer develop. But even if the issue of quality is resolved, the issue of quantity still remains open.
How much conscious practice is sufficient to achieve perfection? It is believed that for world-class champions - be it weightlifters or pianists - the practice should be about four hours a day. This allows you to have enough time to improve your skills, and enough time for rest and recovery of physical and mental energy. Optimum practice maintains optimal concentration. "
Zastavka 4.jpg

Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#634
amdudus wrote:
Thu Jul 19, 2018 2:28 am
The myth of 10,000 hours: how much effort is required to achieve excellence
In recent years, one of the most persistent stereotypes of psychology has become the myth of the "rule of 10,000 hours", according to which it is the time it takes to invest in any activity to achieve meaningful success. Here I publish an abstract of the article on Brain Pickings, debunking this stereotype and proposing a more complex and effective scheme of movement towards perfection.
"Rule of 10,000 hours", which supposedly can make any person extremely successful in any field, has become a kind of sacred commandment, constantly repeating itself on various websites and master classes. The trouble with this rule is that it is only half true. If you, for example, are new to golf and constantly make the same mistake, 10,000 hours of practice will not improve your skill level. You will still be simpletons, just more experienced. The mechanical repetition of actions will not bring professional growth, but you can approach the goal, if you repeatedly adjust the performance of a task.
The secret of constant improvement is not in the amount of time invested in a business, but in its quality. This sounds simple and fairly obvious, but we still often count on success, based only on the amount of time that we invest in solving a particular problem. The main factor of success is a conscious practice - constant training, on which you concentrate entirely, guided by the instructions of a qualified expert, coach or mentor. This approach is fundamentally different from the approach to measuring success only in terms of the number of hours spent on training. Feedback is a necessary element that allows us to determine our mistakes, to identify sources of their occurrence and to correct them. So the mirror helps the dancers in training. Ideally, feedback should follow from an expert in your field - if you do not have such feedback, you are unlikely to succeed. It is also important to think realistically.
Dreams have their own creative advantages, but in the context of purposeful practice they only dilute the effectiveness of the process. Once you get used to the business that was once new to you, you start making it at a good level automatically. Here you risk becoming a hostage to the "okay-plateau", ceasing to grow and stuck at some level of development. If you are going to achieve brilliant successes, it's time to move from autopilot back to the phase of active attention. Fans are often content with fifty hours of practice - whether skiing or driving - they get to the stage of "good, but enough", reaching the level of performance at which they can perform the required actions with ease.
They no longer feel the need for concentrated practice and are satisfied with the repetition of what they have already learned. In this case, no matter how many more they will practice, their progress will be insignificant. Real experts, on the contrary, continue to pay attention to the matter, deliberately opposing the desire of the brain to automate the processes. They actively focus on what they do not perfect, fix what does not work, and never stop learning. If they start to move by inertia and stop their "smart practices", then they immediately fall into the plateau, where their skills no longer develop. But even if the issue of quality is resolved, the issue of quantity still remains open.
How much conscious practice is sufficient to achieve perfection? It is believed that for world-class champions - be it weightlifters or pianists - the practice should be about four hours a day. This allows you to have enough time to improve your skills, and enough time for rest and recovery of physical and mental energy. Optimum practice maintains optimal concentration. "
https://www.investopedia.com/articles/t ... rading.asp

Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#635
Multi-frame analysis
Multi ... what? Frame analysis. You know, I came to you to study technical analysis, and you frighten me with terrible words. Calm down! Nothing complicated. Multifram analysis is when we analyze the same currency pair (or another asset) at once on several timeframes. You yourself know that any price can be seen on the chart: Problem. Traders often get confused with this. On the 4-hour chart, they see a signal for sale, on a 15-minute chart for a purchase. Where to run, who should complain? Maybe just sit on one timeframe and ignore all the others? Oh, great idea. You can also throw a coin for reliability. Let's understand: what timeframes need to be used and how. The question of which timeframe is better to trade is asked very often. And it is constantly given the wrong answer when a newcomer chooses a timeframe, which does not suit him psychologically at all. Green, inexperienced traders want at once a lot of money in the shortest time. Such naive cuties with big eyes. Therefore, they naturally choose a 1-minute or 5-minute chart. However, with time it turns out that most of these timeframes have a continuous upset stomach and emotional frustration. The frenzied price of these TFs provokes incredible greed, disables brains and most lose money in turbo mode. For some it is convenient to sit on the 1-hour chart. We have to wait much longer, the signals to the entrance are much less. But much more time to analyze the market and there is no hurry. At the same time, there are people who work steadily with the 15-minute schedule, and 1-hour does not interest them at all. And of course a frequent guest in the terminals - several TFs on one screen at once: So what's with the best timeframe? The whole point of Dow's theory is that we do a price review from the senior TF to the youngest and get, therefore, a complete picture of the market. A timeframe is just a detail of the price movement. It is always the same, a glass of prices is always the same. Just the price can be looked at least in a minute, at least monthly. When it comes to basic TF, it is too fast for one, too slow for another. This is normal, it should be so. You will still try them all, so the question of a permanent timeframe is purely rhetorical. Before looking for signals and inputs on "small" charts, it is advisable to analyze:
• 4-hour (or even daily) chart;
• 1 hour chart.
When you see the whole picture as a whole - the chances for successful trading decisions increase significantly. Multiframe analysis is the basis, which complements the Dow theory and, in fact, is based on it. First you need to choose a global timeframe, after which you learn how to detail it. And, on the contrary, enlarge small timeframes to get a general picture of what is happening. Never enter into transactions without checking the situation on senior TF. Otherwise, you risk getting stuck on one timeframe and certainly miss an important market move. You can watch the timeframes one by one or several at a time on the same screen.
11.jpg




  1. Similar Topics

    1. Systems that doesn't make sense

      11 Replies 1311 Views

      by ionone, Mon May 10, 2021 10:40 pm in MT4 Indicators

      11 Replies
      1311 Views
    2. Help for Introduce Good trading system for Trading

      8 Replies 2389 Views

      by alijvhr, Fri May 14, 2021 5:17 pm in Trading Systems

      8 Replies
      2389 Views
    3. [EA] Cost Of Trading

      1 Replies 525 Views

      by ionone, Fri Feb 26, 2021 11:47 pm in MT5 Indicators

      1 Replies
      525 Views

Return to “Express Coding & Commercial Services”