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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (84630)2/21/2024 7:25:52 PM
From: Sun Tzu2 Recommendations

Recommended By
ajtj99
towerdog

  Read Replies (1) | Respond to of 98121
 
I am working on that. It just takes too damn long to put everything I know into it. I can look at a chart and tell what I should do. But I can't easily convey that to the computer. Programming certain patterns is not easy.

Here's an example: I see the price approaching the red line. It keeps making smaller moves consolidating near the red line. Then it makes a slightly bigger than recent moves away from the red line. Or it makes a dash for it but pulls back in small gravestone type formation, or it has consolidated enough that two separate moving averages are now almost touching and the stock moves below both of them.

Any of the above moves would trigger a sell order if I see it. I have no problems recognizing them. But to make the computer execute that trade, I have to define how close is close enough to the red line. And how close should the two moving averages be with each other. What does a pullback mean anyway? How big does it have to be to qualify.

That quantification takes a long time. And putting it into a condition is not easy. I am going to make the best algo that I can, knowing that it will not match a good human trader, but perhaps can help him out by pointing out some things that he may have missed.

Then maybe I will get busy writing an AI to bring some judgement to the heuristics.

Nonetheless, that program is doing a good job. Not as good as hedge funds and dedicated HFT algos, but better than most retail traders.

There are still a few important todo items. Then I can start working on the user interface. Apparently having red and green lines confuses people and I should hide them until they are needed. I hate working on Ux.