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--- forex:ideas [2022/12/09 21:21] – peter
+++ forex:ideas [2023/06/28 23:55] (current) – peter
@@ Line 47: / Line 47: @@
+  * Fibonacci Sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55...
+  * Golden Ration:
+    * The beauty of these numbers is a certain ratio, called the golden ratio.
+    * If we take any two successive numbers in the sequence, their ratio (Xn / Xn-1) gets closer to 1.618 which is what we call the golden ratio:
+    * 3/2 = 1.5
+    * 13/8 = 1.666
+    * 55/34 = 1.61764
+    * 233/144 = 1.161805
+    * 317811/196418 = 1.161803
+  Find the rest of the significant ratios useful to us in trading.
+  They are all variations of 1.618 and its reciprocal 0.618.
+  Notice how the reciprocal of 1.618 is simply 0.618.
+  A reciprocal is when you divide 1 by the number.
+  The below table summarizes the rest of the ratios and how we got them:
+^Ratio^Calculation^
+|2.240|1.1618 + 0.618|
+|1.1618|Fibonacci Golden Ratio|
+|1.130|1/0.886|
+|0.886|sqrt(sqrt(0.618))|
+|0.786|(sqrt(0.618)
+|0.618|Reciprocal of Fibonacci Golden Ratio|
+|0.500|Simply Half of an observation|
+|0.382|(0.618)^2|
+  * Retrades back either 113.0% or 161.8%.
+----
+<code cpp>
+double iclose15 = iClose(NULL, PERIOD_M15, 1);
+double ima15 = iMA(NULL, PERIOD_M15, 60, 0, MODE_SMMA, PRICE_CLOSE, 1);
+double iwpr15 = iWPR(NULL, PERIOD_M15, 18, 1);
+double iatr60 = iATR(NULL, PERIOD_H1, 19, 1);
+double ima60 = iMA(NULL, PERIOD_H1, 1, 0, MODE_EMA, PRICE_CLOSE, 1);
+double ima60atr601 = ima60 + iatr60 * 1.4;
+double ima60atr602 = ima60 - iatr60 * 1.4;
+double iclose5 = iClose(NULL, PERIOD_M5, 1);
+double iatr5 = iATR(NULL, PERIOD_M5, 60, 1);
+double ihigh60 = iHigh(NULL, PERIOD_H1, 1);
+double ilow60 = iLow(NULL, PERIOD_H1, 1);
+double ibandsU60 = iBands(NULL, PERIOD_H1, 26, 2, 0, PRICE_CLOSE, MODE_UPPER, 1);
+double ibandsL60 = iBands(NULL, PERIOD_H1, 26, 2, 0, PRICE_CLOSE, MODE_LOWER, 1);
+</code>
+----
+identify trends, patterns, and signals that help us make informed trading decisions.
+calculations for market volatility, trend strength, and the probability of successful trades.
+standardizing, normalizing, and removing outliers.
+prevent over fitting.
+risk management and continuous monitoring.
+capital management strategies to control risks and maintain stability in trading.