|
PureBytes Links
Trading Reference Links
|
>This is something that has puzzled me for some time. There are many tools
>out there for performing complex math on time series, that have
>exceptional graphics capabilities and are far more powerful than the likes
>of TS or other programs oriented towards the trading marketplace. I can
>think of a few reasons why they might not be used: 1) most traders are a
>lazy bunch and don't have the discipline to learn to use powerful tools 2)
>traders don't know about these tools 3) traders think something written
>specifically for trading must be superior 4) too much trouble coding
>indicators in something other than a trading app. Maybe it's a little of
>each.
I'd offer two more: 5) Most of us don't have much of a background in
the kind of math it takes to benefit significantly from these programs.
(I've barely made it to the stage of not taking my shoes off to count,
myself), and 6) For the most part, concern with advanced math seems
like any other aspect of the search for the Holy Grail. I'm willing to
withhold judgment on things like neurofuzzy algorithms, but if the math
gets too complicated for TS/SC/etc., you've probably lost contact with
the real world of trading. Or so it seems to this exceedingly humble
trader.
Owen Davies
|