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Re: data mining in tradestation?
Hi Darth,
Data mining is generally a waste of time. It is the same as curve fitting, and for most circumstances un-useable. The reason is that that market is dynamic and irrational, just like the human mind.
I have been around easy language for years, almost everything I have developed I have tossed. The reason most tools are not helpful is because nothing competes with the human eye.
If you are trading stocks it can be helpful to program in logic to call attention to certain conditions with easylanguage. My opinion is that easylanguage is useful to test very general ideas, but at all times runs the risk of distraction.
You can be sure that just about every worthwhile idea you could come up with is begin exploited - especially candles.
I think there are very few tools that you need - everything is really just an extraction of price and volume. Tools like market profile are a good way of organizing information, but the same information is available there to the naked eye.
The probability map seems to be garbage also.
I think I can speak for a large number of people who can look back and say they have spent way too much time programming, time that could better be used refining and practicing one approach.
hope that helps!
ws
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