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Quoting Ray DalioDislikedIf you have 15 or more good, uncorrelated return streams -- the math of that is such that if you go from 1 to 2 uncorrelated return streams. That you will reduce your risk by about 80% at about 15. And there's a certain math to it; there's a certain structure to it. If I was to show you a chart, I could describe it mathematically. So for example, if I had return streams that were 60% correlated, and I had a thousand of them, I would only reduce the risk by about 15%. And after 5 or 6, it's limited. SO there's a certain notion when approaching investing. What do I want? I need to have a certain structure. That can come in the form of alphas and betas. What is my risk neutral position? I'll say everybody in the room, they say what should I invest in? They don't start off, I think, with what is a neutral position. What represents a good neutral position, balance? For example, does gold represent a part of my portfolio? What should, if I had no view, what should the concentration in dollars be? What is a structural beta portfolio? And then how do I take a deviation from that beta portfolio? And how do I do that in an uncorrelated way, so that I can then maximize my return to risk? So in that first principle, what I'm saying is that if you follow that first principle and you get 15 good -- don't have to be great -- uncorrelated return streams, you'll improve your return to your risk by a factor of 5. That means 5 times the return for the same amount of risk. That's just a principle; that's a reality...Ignored
DislikedHi Marco! I love your job. I am following the evolution for a week. Since I found your harmonica work on the web. I think you might also include an option to automate operations. Operations conditioned to the analysis of the harmonic. In that sense we would have the possibility of generating backtesting to verify the effectiveness of the analysis in the income statement. It would also be interesting to filter other indicators such as an RSI. You know here we continue analyzing the possibilities EA. Greetings !! and thanks for sharing your...Ignored
DislikedGreetings Traders. I am here to present my new Harmonic Pattern EA, hoping to get some great feedback that can help me developing a better software. - Short Description: As a Harmonic Pattern Finder, Polygon has the job to find all the patterns on the chart and show the trader where the last point of the pattern completes, in order to forecast a possible price movement. I know there are out there many and many other pattern finders like ZUP and other scanners but i've NEVER been able to actually see what i wanted to see, for example ability to backtest,...Ignored