probability is % of chances and predicting is result of probability.

for example: if you put gun to me:

probability 1: gun failure : a%
probability 2: bullet not inside : b%
probability 3: shaking hand resulting miss his shot : c%
probability 4: someone come and help : d%
probability 5: bla bla bla : e%
and so on

so, prediction whether i will die or not is depend on % probability.

All TA is curve fitting, future predictions based on patterns in the past.
NNs are just another way of looking for these patterns.

Why not, why not predict the future!
It's impossible to predict the future, lol..

But, a well trained NN is not created to predict the future, i think all you are looking at the NN with a wrong attitude, a NN should be like a intelligence, like humans have, look at it as a entity, that can think, can calculate, and can choose.

Now, you get a NN, and train it, let it (he?) study the forex market (studying the chart), and let it study and study, when a certain time the NN say: well i understood everything, try me and i let you see that i've understand how price work (you query he by letting it doing some backtest).

Then ask to him (or to yourself): if you understand and understond how price work (worked in the past), surely you must have built a strategy, an algorithm, some thinking method that let you out of bad trades in these 5 years (5 years of backtest for example), now.. apply this strategy/algorithm with the future price, if you really got the perfect strategy (that worked well in the past 5 years), there are good probabilities that it will continue to work well for the next year!

And, it may work, for the next year, or for the next 10 years, or only for the next 5 days, i've worked with NN for some years, and i know that it can work, but at a certain time it just stop to work..
But i noticed that if a NN is trained well, and with a big amount of data, the results it give out are more (much more) then 50% right, neural network can work great! The only problem is how to integrate it with MT4, because i found that it is impossible to create a good NN with just mq4 code, and also to well train a good NN it is needed a too much powerful computer (compared to what i use), but it work.

Just my opinion

__________________

-

Now if somebody was really holding a gun at your head ,it would knock some sense into it

GET REAL !YOU GOT TWO CHOICES .RED OR BLACK .You don't know which one

IT COULD BLOW YOUR HEAD OFF ,

oilfxpro

Hi

Another point

A casino owner knows his probabilities of winning.

He knows he is going to lose to some punters

According to you lot, he is trying to predict the days he will lose?bUT YOUR NN WILL TRY TO PREDICT THE DAYS IT LOSES

Ha Ha Ha

OILFXPRO

Some interesting readings from Financial Times:

FT.com / In depth - Quantitative investing

FT.com / Comment & analysis / Analysis - Limitations of computer models

Exactly. The casino operator has an edge, and the longer that edge is played, the more successful he will be.

I really don't know where this fallacy that technical analysis tries to predict outcomes comes from. Ive read 1001 TA books, and a 1001 TA websites, and on not a single occassion have I ever read that TA predicts. The best it can do is skew probabilities in your favour

And yet, the forums are littered with people who in some way think that TA is supposed to predict, where do they get this strange idea from ?

There are certain set ups in technical anylysis ,which show good outcome if positions taken in a certain direction but that is just about all you can use from t/a ..................probabilistic set ups combined with other factors

OILFXPRO

You can actually get reasonable results with very simple linear combinators which can be optimized in MT4, but I ended up writing my NN trainer in C++ as debugging MQL code is like kicking yourself in the head over and over again.
The trainer writes the NN results to a database which is read by a DLL used by the MQL script, so it's all automated.

Hi Guys

Anybody post all the trades of better and some anylysis?

Maybe we could crack the egg

OILFXPRO