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Re: Looking for Mentor to get started
[Re: Sling2]
#466465
06/15/17 10:51
06/15/17 10:51
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Joined: Nov 2016
Posts: 69 USA
jrath
Junior Member
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Junior Member
Joined: Nov 2016
Posts: 69
USA
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Gr8. On prices no they should be the same. You would need to let me know exactly what you are looking at for me to understand. Keep in mind in addition to market level Zorro is showing traded level, stops, trails etc. These are all dif to the current market level. On the GUI side Zorro is um-ashamedly minimalistic. They are leaving the GUI up to other packages that exist like you say MT4 (yuck!). Actually what I am currently personally working on is using R to visualize/chart the Zorro data files in a better way. I've made good progress but it is summer time - so project only moves on rainy days FYI I'll be offline this weekend but back at it Monday.
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Re: Looking for Mentor to get started
[Re: Sling2]
#466517
06/19/17 08:22
06/19/17 08:22
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Joined: Nov 2016
Posts: 66
GreenBoat
Junior Member
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Junior Member
Joined: Nov 2016
Posts: 66
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Hi, I have a bit different question which came to my mind when I was reading your topic and I think it's better to add it here, than to create another topic. I hope you don't mind. It's a bit philosophical. Maybe some experienced trader can add his/her thoughts.
I was thinking about trading the other day and I was wondering if it really works like this, when one want to have success with trading. It's hard to say what works, because trading field is fool of misleading information.
I mean does it really work like this, that if you do the right things and "work hard", your success is inevitable?
Actually it would make sense, because in other fields, that's how it works.
But if it really works like this, wouldn't there be more people doing trading? Trading is not that popular, at least not in Europe. But maybe that's because "success" means different thing. It's actually very hard to make some significant amount of money without managing other people's money. And without making money, trading isn't that fun really. If your job is programming, I can imagine that it's more fun to program games or apps then trading codes. Well, it depends I guess.
So I would like to ask, does it really works like this, that if you dedicate your time and work on it, you will find profitable strategies and start making money? Or it's more about luck and some people dedicate their time and even though they are smart, they don't make money?
And the second question is, isn't making money in trading mostly about other people's money? So the plan for success, about Sling2 is asking, should be far more complex then just "make the code"?
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Re: Looking for Mentor to get started
[Re: GreenBoat]
#466523
06/19/17 10:59
06/19/17 10:59
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Joined: Jun 2017
Posts: 6
Sling2
OP
Newbie
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OP
Newbie
Joined: Jun 2017
Posts: 6
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Hi GreenBoat I can answer some of your questions from my point of view and what I hope to achieve: There is no doubt that trading a bit like gambling and there is a lot of randomness involved. The aim of building a strategy is to interpret the data and remove a bit of the randomness and make a better call than the next guy, then you are able to make money. Remember that trading is literally buying and selling whether it is gold, shares or a currency. If nobody sells at a certain price you won't be able to buy. To answer your 'working hard at it' question: I suspect / hope that you are right. The more you are analyzing data, looking at it, the more experience you will build up and the better your judgements should get. I think the trick is that you will need a bit of luck and some analytical skill / talent to make sense out of the information. Remember that there are some external influences such as political, economical , etc influences as well. Personally I am looking at creating the strategy as a challenge. I have done a lot of programming in the past and I don't really enjoy that part but I really enjoy analyzing data to see what is hiding in it. Hence I am looking at an environment where I do not have to write thousands of lines of code but rather focus on the strategy. MT4 for example requires me to write huge amounts of very technical code in order to analyze the data. In Zorro (or in R) a lot of that is done already and I can just use these routines like a set of tools. (I hope that I am right here otherwise I need to find another environment. )
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