Quote:
Originally Posted by oilfxpro
Hi
Better's EA is a probabilistic EA , very similiar to the games in a casino.
If Elektrance's theory is correct , casinos have got their probabilities wrong and may have to change them like Expert advisors may have to change in the future
casinos bar players for car reading and probabilistic system cut their losses
I don't agree with your views on great probabilistic expert advisors
oilfxpro
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Trading and random controlled games (casino games) are 2 different worlds. The sustainability of your viewpoint invocates something which I never said. Casino games are always in favour of the Casino because the dealer is emotionless while the player is betting his own money therefore is, in principle, already on a disadvantage position. Moreover casino games are restricted to small equations (number of cards, numbers that already came out, etc..etc...) while forex trading combines complex technical data with fundamental macroeconomics analysis which no EA can do for an indefinite period of time. Moreover Casinos are always reinventing themselves in some way and even the more traditional games are quite controlled. If you are a professional and very succesful casino player believe me that either one of 2 things will happen to you. 1) Casino will spot you through their security network and will reserve the right to admit you in their facilities 2) Maybe they'll offer you a job as pit boss or something. But you WILL NOT be able to take your place as a player unless you go to a different casino and so on...
So, even assuming that I said what I didnt say, I actually could have said "casinos have got their probabilities wrong " this statement is not true in absolute but it is relatively true. Thus a small elite of professional players can demonstrate that money can be made on Casinos quite easely, however adding to this theme that Casinos have deep security and surveillance systems and that the majority of the people loses their money to the dealer they still have a win win situation.
Regards,
Elektrance