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Can a $10,000 investment yield $1,000,000 in a year? In five years? If so, what is th
Off course it doesn't matter! We are not talking about some C# indicator that is useless and lousy coded, hence the topic no good, yes Sir, no good! Can not handle intellectual dispute Master Wizard?
We don't consider our self's (speaking for myself and for the many in this forum that think alike!) masters of anything, actually we have conscience that we are far from being Masters/ Master Wizards/Master Puppies, etc.
Certainly most amusing!
I challenge you to solve the basic problem posted before... and if you break that (quite simple according to a fellow in this forum kids in MA solve this sort of stuff daily without an issue)... yes I'll never more post here again!
And by the way it's not personal at all! It's factual! Quite different!
Until then like a Brazilian would say " mais uma besta quadrada do caralho!"
Regards,
Mr III
Can you help answer these questions from other members on NexusFi?
Thank you Master Wizard for your comment in this "worthless topic".
I gather that you are a currency trader, pairs seems to be your mastery, well lets see Mathematicians, and Quants all of those low life know hardly anything!
Have a close look at the pic below - a very basic stuff, but functional and well written code! Like I said quite basic... but simple things produce amazing results sometimes.
Everyone on the forum has varying levels of experience and different backgrounds and approaches. Please be respectful even if you completely disagree with the post content, you can form a response without being rude.
It's really sickening to see how this thread turned into a shooting gallery with all the responders taking pot shots at the new guy who dared to try to start what could have been an interesting discussion, contrary to the Prevailing Orthodoxy.
Okay, congratulations geniuses. Now wait for your next target to show up.
There is no need to stop posting. So long as your posts are civilized then allow me to do the job of moderator, and I will deal with other posters who are rude and can't conduct themselves without mudslinging.
I apologize to you, or anyone besides the threadstarter who has found my post denigratory. I have only 87 posts and you can easily skim through them to see that I have never regarded someone with contempt, whether it is a new member like myself or a more experienced trader. Even if I had spotted a basic mistake, I would just voice my opinion and reason with the writer to widen his perspective.
This is a completely different case. New or old member, this forum or another, I don't think it is ethical for anyone in this world to (1) blatantly impersonate a faculty member at a university, and (2) make a personal attack at Optimus Futures. I took extra offense that he was (3) sullying the public opinion of the mathematics community, with his snide (and almost definitely fabricated) remarks about college students being unable to understand Fourier transforms. Or that anyone who doesn't understand a particular mathematical concept possesses an inferior intellect. The perpetrators of these myths (e.g. some Hollywood films) about mathematics education are the ones who undermine the efforts of my friends, who genuinely teach at universities, to improve the quality of mathematics education. It adds to my enragement that I have helped fund the American Mathematical Society's outreach programs every year since college. (I take this seriously; I have even publicly written against Gus Van Sant's portrayal of mathematics and my alma mater in one of his films (i.e. Good Will Hunting - Wikipedia, the free encyclopedia).)
I'm appalled that you side with this behavior. I don't think the threadstarter invites any respect from me. However, I will abide by @Big Mike's decisions and cease to escalate the mudslinging in this thread.
Going back to the topic, I will like future readers of this thread to weigh my opinions against that of the threadstarter and decide for themselves if what I say is true: I will outright state that Fourier analysis has a huge flaw for trading applications. "Decomposing a signal with the Fourier transform" basically means to write the signal as the sum of "orthogonal basis functions". Or more simply, it means to write the signal as the sum of sine and cosine functions.
Fourier transforms are limited to these two basis functions. You might ask: can we use more basis functions? Well, yes, more advanced techniques have arisen to do this, but Fourier transforms are just limited to these two. This has adverse consequences, but also some advantages: It is perfectly fine for applications in engineering or physical sciences, because natural phenomena have regular and periodic behaviors. This makes Fourier transforms a very simple technique. There is also some historical reason behind this. At the time when the technique was invented, this made much sense; we were more concerned about describing natural phenomena in simple terms. Even after Lanczos helped develop the FFT, we did not have powerful computers, making it necessary to use simple mathematical models. For example, the FT makes it possible to analytically decompose the sound signal produced by a set of instruments.
However, the use of the FT completely breaks down when you approach financial time series, because the signals are nonperiodic. Sine and cosine functions stretch out to infinity - financial time series and price swings don't. To compensate for this shortcoming, academics have first started to extend the signal (so it starts repeating itself at infinity) to make it artificially periodic. They also tried chopping up the financial time series into multiple parts and decompose their frequency contents separately. The names for these weaknesses have unintuitive names to ordinary English users, such as "nonlocality" and "discontinuity" - if you need keywords to search for more literature on this topic. The ad hoc solutions attempted by these researchers have also given rise to a whole set of names such as WFT, STFT etc., but they are basically small changes targeted at these problems.
Anyone who wants to use FT for his trading is welcomed to do so. But you will be at least 65 years behind in whatever you are doing. Anyone who trusts in a "professor" who promotes a discretionary system that will grow your equity curve by US$1 trillion over 8 years is also welcomed to do so.
Edit: This is the last post I will like to contribute outside of my journal. I hope @Zondor finds this a satisfactory result. I also need a short break from this.
Instead of this action, it would be better to simply use the 'ignore' feature and ignore a user if you do not wish to read their posts, this way you can continue to contribute to the community. I really see no reason to withdraw from the community because someone you disagree with made a post you disagree with.
futures.io (formerly BMT) is a very civilized forum. We do not allow posting for "lulz", we do not allow trolls, we do not allow rude behavior. I have issued a warning in the thread, and I will follow through with it as needed to ensure that everything remains civilized.
Debate and discussion is a key part of the function of the community. You will always find people with whom you disagree with.
@Zondor My pass the hookah comment is like a church picnic invitation compared to some of the items that I have seen you post. Lets not forget that tone is very difficult to distinguish in the typed word.
Past that, there are good and effective ways to communicate and there are other ways to communicate that will illicit a broad range of responses.
@Mr III I'll back off of my pass the hookah statement and say , of course it is possible. My personal experience with first posts seeming to be of such a grand and provocative nature is that they are a waste of time. Self control failed me and I responded with a roll of the eyes and a comment that you and Zondor have felt to be too sharp. That was not the intent.
Here is the irony, and I'm certain to be doubted, judged and flamed for it. It is near impossible to determine in a forum like Big Mike's who is legit and who is a fraud without really engaging them. Guys come here for all sorts of reasons....mostly though to seek something that they feel is a need, either for their own actualization or for their trading. The place is full of SIM trade tycoons, great traders, fantastic code guys, people willing to help and people in need of help. Without knowing the personalities it is sometimes hard to find valuable collaborative relationships or solid meaningful discussion.
Speaking for myself...I can trade grass skirts with Eskimos. I make money almost every day. All the ratios and numeric measures from my trading that guys like to use for evaluation, if shared, are immediately rejected. I understand that online a person can create any number of alternative realities...they can be who ever they want to be.
So I come to futures.io (formerly BMT) because I am lucky if I can log on without screwing something up. Seriously, turning off the lights is about as tech savvy as I can be. There are guys here that can do stuff without thinking that I can not do if my life depended on it. @Zondor , you are one of those. The frustrating thing, I guess, and as it relates to my own personality, is that I see a post like the thread you initiated and I see it as another math guy that is baiting the forum to show us how damn brilliant he is. Perhaps like a quasi academic seeking a following for a theoretical body of work. Now , after just a few members bristle, you are going to stop posting and another guy is going to only post in his journal. Mike is involved and Zondor is the post police. Crazy.
Embrace the vernacular of the different posts and call them out to clarify, don't take your idea and go away. I know that is very hard at times. When I post a trade detail I get two types of response. 1) give me all your indies, all your settings, explain the mechanical side in detail, explain the discretionary metric, tell me now everything it took twenty years to learn...its sort of like a stranger asking if they can sleep with your wife. 2) that is a lie, show me you account statement, bank balance, and tax documents for the last 5 years. What you state can't work.
So if I responded to your initial post with:
Yes, very possible. I've done it a few times and I've taught others how to do it, guys that are dumber than a box of hammers, whose highest level of academic math was happy numbers in the room down the carpeted hall.
I'd get jumped either way...similar to how you and others feel I've jumped you.
What I've noticed is that the most serious guys in the forum have conditioned themselves to avoid the folly. Unfortunately I do not have that skill. I jump right on it and I'm not sure why.
Maybe because I see the peril in store for the unknowing who are setting up to follow a self anointed guru? Maybe its a natural response carry over from the floor days. Maybe it's because of the way I viewed your post as bait.
So, no personal offense intended. Please continue to seek or to share consistent with whatever your needs are...and pass the hookah anyway, maybe that is what I need to relax a bit.
