lilduckling, You're welcome. I hope this leads to prosperous times for all involved. And I hope Jack enjoys it also. Sincerely, Wayne
I am up tp date on the reading. I request that you review OODA, of John Boyd. You need to recognize deeply and completely, the flaws of CW. Then you need to spend a lot of time finding out how you work and particularly how differentiation works and more importantly how repairing differentiation is very difficult and after some point beyond possibility wothout care and intervention. I do not work in your chosen mode of interaction. You may notice the interaction convention of "Iterative Refinement" a thread on PVT and SCT. As you have found out, no one relates to you as you expect them to. Roughly, most of the sentences you have written so far are not on the mark. Consider, a nuance on the level of advanced expert. Here the person has passed forward what he practices through transference and he trades with consumate skill. I can suggest to you that this person is where he is simply because he has gone through transference and he has built a system of knowledge and practice mechanically first and with additional support systems subsequently. Look at the alarm system on the lower right of the ninja I posted. What does it need most? Two more columns that show what happened on the prior two bars. Why? Because a binary vector appproach is used in SCT. What is the substitute for not having it? SKILLS. Skills are acquired and they are available from long term memory in a manner of driving a car. Coding up driving a car is not a difficult task. UTube trials are fun to watch. Geeks do it for fun. Any average person can trade SCT at the advanced expert level if they do the work.
That's very interesting information but already covered in your books at traderuniverse.info. It's clear you have a tremendous amount of knowledge and abilities. It would be kind though to stay on topic of whether you accept me as a student of SCT and if we can agree on the baseline chart colors, etc. Jack, again you're considering a human trader. So that seems off topic because this thread involves an ATS which lacks any of those concerns. On a personal level, I have been through those feelings in live trading and worked them out using methods similar to what you teach of debriefing each day and reviewing each morning. I am already a profitable human day trader but not as profitable as you, of course. Do you speak any other languages, Jack? I have already undergone neuroplasticity many times over, understand it well and consider that off topic for this thread. Correct. Jack, which first post? Have you reviewed the ones that you quoted in this post? Those are the ones I was hoping for you to review since they are a completely new attempt. and NOT after the fact. They are built bar by bar looking forward by the ATS. What doesn 0% for traverses and 0% for channels mean? 0% of what? Okay point well taken. However, I don't see any short cuts here. Are you okay with using Forex or not? I understood SCT was workable on Forex in other threads. Was I wrong? Jack, do you propose that I must learn and master how to do SCT as a discretionary trader before being able to automate the task? I think that is a mistake. For example, does a software engineer have to actually get trained as commercial pilot in order to develop an auto pilot system? Of course not. Maybe you confuse the skills and neuroplasticity required to trade with those required to automated a manual process. They are extremely orthogonal skill sets. I know many very skill traders who are completely incapable of automating their own systems. Have you ever tried? However, I personally know ATS traders who trade profitable systems that they never traded themselves manually. Please avoid confusing the totally different neuroplasiticity involved. What is the color coding recommended? Are you refering to the Channels for B.W.? If so, okay, I will do so. If not, please post an example. The last time you posted examples they had 2 different color schemes. So which is recommended? What coding? an ATS that does SCT hands free? Again you think of building human knowledge and learning. If I follow that process you recommend, at the end of it we won't have an ATS that does anything. We'll have produced another human SCT trader (myself) which is not the goal if this thread, is it? Jack, please discuss your qualifications teaching how to code. I haven't read anywhere in your discussing of your training or qualifications that you ever built any form of decision support software or profitable ATS. I would appreciate knowing if you have qualifications in that area. On the other hand, I have architected many multimillion dollar automation systems. I complete the response in the next post because it doesn't all fit in one. Sincerely, Wayne
Jack, I already read that book years ago, I am already an expert at OODA with over 10 years experience and an instructor--I have dozens of other books besides John Boyd on OODA and software patterns. Please, Jack, again you're off topic. I need you to focus on the charts (results). Isn't it a waste of your time to attempt to instruct me in how to automate systems unless you have at least done so yourself once in your life? My understanding is you still trade discretionarily with the use of tools. If I am wrong, forgive me. IMPORTANT: Jack, the previous two paragaphs appear to state very clearly that you reject my qualifications at being able to automate SCT/PVT. If so, that's fine. Interestingly, I receive countless PM's due to this thread of people who, contrary to what you say, commend me for the thread and enjoy it saying they learn things here. Some traders propose they will work with me to automate their strategy. So it seems that, so far, everyone who has spoken up says they "relate" to me as I expect. So this sounds like pure imagination on your part. But perhaps others PM you about my missing the mark. I don't know. Still, there appears to be considerably more persons, pardon the implication, who relentlessly claim your sentences and posts miss the mark. Do I yet have groupies that follow me around trashing my threads? Not yet, any way. Some of those people are clearly "crazies" but several who PM me and posted previously on ET sound very kind and well intentioned and rather than bash, they simply propose other methods saying you have difficulty getting specific. And that makes since because you explain you give the foundation but the individual must learn the rest through neuroplasticity and differentiation. Still we not training a driver here. We're building an ATS. That's a totally different set of skills, This is a great example where you mention something useful to an ATS. Let's drop the talk about training humans like skills etc, please. Okay. If you say so. I ask other readers around the country, have you seen any driverless cars on the road yet? That'll be the day, as they say. This comment makes you sound as though you're in dream land, Jack. If you're serous it clearly states your lack of knowledge about the limitations of technology at this point. Again, were not talking here about people, persons, average or otherwise, it's an ATS. So I simply need us to focus on the charts. The baseline, are the tapes okay? You said 10% are off, which ones please, and on which chart, the most recent? CONCLUSION Finally, do you accept me at this point, without studying further about neuroplasticity, how to learn and such to automate SCT with your support? Do you trust me to guide this process? I sincerely believe that we can succeed. I'm very excited about the results and accuracy of the taping so far. It proves your words about these building blocks. At this point I doubt it. If we find ourselves unable to clear this up in another post or two, let's move to plan B. That is, attempting to automate SCT through collaboration of others without your participation. If you prefer that, there will be no hard feelings. And you would be very welcome to always chime in with any specific corrections or clarifications, but not O.T. stuff like learning to learn neuroplasticity, etc. Which mode do you prefer? Sincerely, Wayne
Volkswagen advertises a fully automatic car that drives itself on test courses. I love these two comments posted after the article.
ehorn, Jack might be bailing out of the thread per his last post. That's our loss. Here's an image of my chart zoomed into an area to see the volume more clearly. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2080013" height=600 width=800> [click on the image to view Full Size] NOTE: I added back the 2 bar forward extension of the tapes so it's possible to see where prices cross them to trigger a trade (just a dumb--but profitable--trading rule). I had turned off the extension for some debugging. You can clearly see the Gaussian curve in the volume of this graph. I'm searching ET as I'd like to implement the Gaussian curve indicator at this point and only found unclear definitions of it of it's algorithm. On your charts, did you write it yourself or was it in the software you use? If so, what software, I'd like to experiment with one. I could easily reverse engineer the logic if I can play with it. Thanks for your great posts, eHorn. I enjoy keeping this technical, specific, and focused on results. I'd like your thoughts on my recent charts. Jack didn't seem thrilled. But I'm not clear on that. Wayne
FYI, you'll see that some of the tapes don't actually touch the lows or highs of the bars. It's because some fiddling around shows it's more optimal to give the tapes a minimum width because in low volume, flatter areas, that protects from useless meaningless price breakouts. I just observed that I did the minimum width without thinking in the diagonal. Let me test an algorithm to provide constant visual width by adjusting it for the perpendicular of the TL. Wayne
Jack, Sorry, I confused your OODA book by John Boyd with another on on OOD and OOA which means (object oriented analysis and design). John Boyds work on military combat OODA is very interesting. However, I will table that reading until finished automating an SCT-like system that takes all the market offers. Anyway, that's all off topic for this thread. Sincerely, Wayne
Hi Wayne, I sniped your post And pasted it below: "Again, were not talking here about people, persons, average or otherwise, it's an ATS. So I simply need us to focus on the charts. The baseline, are the tapes okay? You said 10% are off, which ones please, and on which chart, the most recent? A gain I failed to communicate. You are 90% off on tapes; 100% off on traverses and 100% off on channels. The chart I refer to has one comment on it about a "bar 3" and it is a forex chart on a 2 minute fractal. It looks like the day was complete when you or your coding began to draw the chart. CONCLUSION Finally, do you accept me at this point, without studying further about neuroplasticity, how to learn and such to automate SCT with your support? I support anyone who wishes to work with the algorithm and its applications. As I said an average person can become an advanced expert when he does the work. Any mechanical trading algorithm or its application can be coded. Coding is done by following a coding rule set as the coding rule set is applied to a design. The design came from developing a model. Do you trust me to guide this process? This is your idea and you explained that you are doing a process using this and that to build an automated system. I usually work with teams and I never play the role of guide. I sincerely believe that we can succeed. I'm very excited about the results and accuracy of the taping so far. It proves your words about these building blocks. At this point I doubt it. If we find ourselves unable to clear this up in another post or two, let's move to plan B. That is, attempting to automate SCT through collaboration of others without your participation. Plan B sounds great. There are many plan B's going on out there. If you prefer that, there will be no hard feelings. And you would be very welcome to always chime in with any specific corrections or clarifications, but not O.T. stuff like learning to learn neuroplasticity, etc. Which mode do you prefer? I have always engaged in these processes for various applications in a very conventional manner. It has been posted both in terms of my career experiences (CV) and informally with respect to examples. I am basically a scientist and I like applying science in order to institutionalize solutions to pervasive problems. The markets represent a source of capital and capital has a broad based utility so getting capital (extracting it like maple sap) is a good idea. If every one gets a tap and a bucket, then a lot of sap can be spread around where it is needed. The pool extraction is a tap and its application is adjusted to any market with liquidity to any fractal all of the time. Sincerely, Wayne"
Tapes Thanks to Gucci for the exhaustive exploration... <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2009629" height=600 width=800> <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2009738" height=600 width=800> <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2012300" height=600 width=800>