We regularly analyze the ideas of a particular TradingView participant to find out the degree of overall coincidence of the real price movement with the forecast.
Very often, those who share ideas have a very high rating and a lot of likes, but in general, the real price movement did not coincide at all with the forecast.
It's time to show in the participant's profile the overall percentage of coincidences of the forecast with the real price movement, which is more important than the rating level and the number of likes.
Please support the idea of launching such an analyzer if you agree.
Fully agree! I believe there should be a way that the stop loss and trade point when posted are tracked, when either profit or stop loss is hit, it is measured and placed on your record, but does this stop account deleting, very limited posts ect I am not sure, but fully agree, half the big accounts are BOGUS!
Totally agree, but it is near impossible. Ideas are very difficult to track.
UnknownUnicorn4430035
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@DEUS, nowadays there are no tracking issues thanks to advanced AI and neural network technology. 🤟😎
Fomenka
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@Viktor-Klimov, Well, than why don't we use it for trading instead of screening who is profitable?
UnknownUnicorn4430035
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@DEUS, there is a huge difference between using artificial intelligence and neural networks for trading and just for tracking and analyzing the overall statistical profitability of a particular trader's trading ideas. Of course, market makers use these technologies to stabilize the markets and, of course, for their own trading. Due to the high cost, only some advanced programmer traders-individuals can use this technology to trade. But the point is that it is this technology that will not allow absolutely everyone to trade profitably... but the right to choose and make our own decisions in trading is not yet prohibited... therefore, my idea to create such analyzer is intended only as an auxiliary tool.)))
Fomenka
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@Viktor-Klimov, if you can hardcode where trading idea begins and where it ends - there is no difference between algo trading and backtesting algo traders. You do not need AI for that. The purpose of AI is to do things that humans do but faster. But how do you define and track something like this - Was it analytical success? yes. Was it a profitable idea? depends on your trading method. If only 2-3% of humans can trade profitably, statistically it means that humans cannot trade on average. Do you understand where I am leading to? I am sure @TradingView labs are busy with testing thousands of methods and approaches how to sort and rank authors.. and yet this is still more of a social network rather than a ranking tool. And I think I like it for that and I wish it stays that way.
Sinex
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Oh I couldn't agree more. My accuracy is good to great imo, but there is NO traction. If I posted a BTC chart and said $1,000,000. I would get hundreds of votes and followers. I can't do that even if I get paid for that, which I don't I post for free. This is clearly the reason why people lose at this business, people are looking to confirm their biases not learn to trade or seek correct projections. They don't look for a mentor that is reputable they seek charlatans or people with their own biases. I welcome something like what you propose. I imagine it would have to be numbers based i.e. give prices, stops, durations, targets, to make it easier for the numbers guys to analyze faster.
UnknownUnicorn4430035
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@Sinex, thank You so much for quite informative comment! The idea of such an analyzer seems simple at first glance. But you are absolutely right, in order to analyze whether the predicted price movement and the subsequent real price movement coincide, the proposed program will need input data, which can be both graphical and numerical. By the way, each option is interesting in its own way. For example, a user posted a chart with a hand-drawn curve of the expected price movement, but did not specify any digital parameters. In this case, the code for comparing graphical data may well work, for which the curve of the real price movement is the initial one, then the drawn curve is periodically superimposed on it and a comparative result is obtained in percentage of coincidence. Of course, it will be much easier to analyze if the user has indicated the goals and the parameters corresponding to these goals in numbers. Alternatively, it is quite possible to use the "forecast questionnaire", with fields for entering data, such as You suggested - prices, stops, durations, targets. In general, a prerequisite for the publication of ideas (forecasts) should be a description and argumentation based on knowledge of the market and trading experience, otherwise numerous meaningless ideas will confuse more and more people who are trying to learn how to trade. And the alleged analyzer will help not to waste time and money, charlatans will gradually get tired of publishing their "beautiful ideas" for the sake of ratings and likes.
danielpikho72
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Most people lose in this game. When you see the majority Scoffing and laughing at your trading idea it should bring confidence :)