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Statistics combined with system. Profitable? What do you think

{quote} I am currently studying possible use of Neural Networks using MACD indicator to find a dominant pattern automatically. I found one simple way to do data scaling of that indicator. Basically I tried to divide indicator values coming from JPY by 100 to get the right scale compared to other pairs
Thank you for your wisdom. I see you have really thought about finding a dominant pattern in the MacD.

- One may suggest that all patterns are Waves (1-2-3-4-5-A-B-C) or harmonic patterns. But I advocate differently, I say they are simply all M patterns in different fonts which makes it only logical that a 'font recognition robot' (not a trading robot, but a program that reads handwritten input from academic thesis papers by using Average-Pooling or similar Deep Learning techniques) adds as much value to it as, what you use to calculate (dividing 100). Have you ever used a font recognition program? If yes, do you see the effectiveness if used on the GBP/JPY or EUR/USD chart?

- Regarding your reply on dividing by 100. Okay, are you comparing all (major) currencies with the JPY? You mention 'dividing' in your formula, where I can only assume you would add a multiplication to your calculation as well. What do you multiply? Could you explain more about your formula as to recognize a pattern (in the MacD)?

- Neural networks, a concept where you add lotsize to probability aspects, am I summing it up correctly? Are you willing to list the different values (probability vectors and dropouts to avoid overfitting) in your concept (HWL) of pattern recognition with neural networks?
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I was just thinking to answer your question about scaling.. My message was that sometimes it's enough just to divide by the number...

regarding my use case I am training neural network to use pattern of indicator to predict price change directly. Because of the fact that I wanted to use data from major 28 pairs I had to use JPY as well. To align my data I had to divide price and macd indicator by 100...

I believe that my system just mimics traditional algotrading when optimization is used to find the best indicator parameters... I can't say it's a holy grail system more over even a blackbox however it's allowing to fully automate the trading process

I am still testing the system however honestly I have never got so good results with fully mechanical systems yet. In 3 weeks it has made 148 trades on demo account and still positive PnL
ah yes I see now.

Great that you have a fully automated expert.

Which neural network training or tutorial do you watch? On youtube? I'm interested. I want to learn how you 'weigh' additional probabilities for your entries/exits.
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Which neural network training or tutorial do you watch.
In general I am using R to interact with MT4 and use h2o framework for deep learning capabilities... I have developed it by teaching 'Computer and data science using algorithmic trading' feel free to check the entire story on my website
I use this EA to earn rebate
Some Broker rebate 10$/lot

Balance: 100$
Use M1 Candle,
USDCHF
Tp: 75,
SL 75,
Lot:0.1,
Leverage 1:3000
it will open every 1minute, open very much order

Example:
it open 278 order
0.1lot x 278 = 20.78x 10$=278$

i need to put some fuction to EA
- Time Sesson
- Time to Close all Opened order
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 wicksys.ex4   8 KB | 312 downloads
I use this EA to earn rebate Some Broker rebate 10$/lot Balance: 100$ Use M1 Candle, USDCHF Tp: 75, SL 75, Lot:0.1, Leverage 1:3000 it will open every 1minute, open very much order Example: it open 278 order 0.1lot x 278 = 20.78x 10$=278$ i need to put some fuction to EA - Time Sesson - Time to Close all Opened order {file} {image}
Do you have the source code?

Your rebate program is probably a monthly cash back. Because if you register two broker accounts under your name and refer yourself to get full cash-back, once the broker finds out, they'll probably remove all your rebates and probably close your account. That's basically the same as taking money out of their pockets without any added value.

Even if the rebate program is legit, they call this "churning" since it's not really trading and it's not accepted by brokers so those rebates will probably get voided.
{quote} Do you have the source code? Your rebate program is probably a monthly cash back. Because if you register two broker accounts under your name and refer yourself to get full cash-back, once the broker finds out, they'll probably remove all your rebates and probably close your account. That's basically the same as taking money out of their pockets without any added value. Even if the rebate program is legit, they call this "churning" since it's not really trading and it's not accepted by brokers so those rebates will probably get voided.
this idea for IB Program
I run EA on my client's Account to make commission

Here is Source Code
Attached File(s)
File Type: mq4 wicksys.mq4   7 KB | 428 downloads
{quote} this idea for IB Program I run EA on my client's Account to make commission Here is Source Code {file}
What modifications are you looking to do for the EA? Because there are utilities for closing all in different situations.
Thanks for bringing out this discussion. Do you think to build an EA is more effective to for large volume data collection and analysis?
As long as you do the tests on qualitative data with written n / a or less than 90%
you will never understand if it works or not.
Results with qualitative data can change drastically, just download the alpari demo and you will have them.
I use this EA to earn rebate Some Broker rebate 10$/lot Balance: 100$ Use M1 Candle, USDCHF Tp: 75, SL 75, Lot:0.1, Leverage 1:3000 it will open every 1minute, open very much order Example: it open 278 order 0.1lot x 278 = 20.78x 10$=278$ i need to put some fuction to EA - Time Sesson - Time to Close all Opened order {file} {image}
Does your word mean, your client's accounts would go bust, and you as IB can still collect the commission and lot rebates? is it much better than profit sharing if you trade your client account successfully?
I made a pinescript indicator (tradingview) and MOST of times, bull trends have more UPPER wicks and bear trens have more LOWER wicks, no matter the timeframe.
Green are bottom wicks, red are upper wicks.
Pics are from EURUSD in 15M, 1H, 4H and daily.
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SPB All Time Return: 4.3%