Trading and Analysis are Different, Don’t Confuse the Two

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BestMatchAdapter confuse two different questions with same response

Using the BestMatchAdapter of Chatterbot, it confuses two questions with the same answer. For example, training the ai.yml.

Artificial Intelligence is the branch of engineering and science devoted to constructing machines that think.

Artificial Intelligence is the branch of engineering and science devoted to constructing machines that think.

On the otherhand, the following similar questions make much sense in the bot answer:

No I can be perpetuated indefinitely.

No I can be perpetuated indefinitely.

2 Answers 2

@taiwotman I don’t know the corpus files you have trained. In short the best match algorithm works like this, Bot will iterate all the statements which you have trained the bot.

Chatterbot uses the default statement comparison algorithm is levenshtein_distance

In your example, the scenario look like this

In this the confidence is 1.0 and you will get answer Artificial Intelligence is the branch of engineering and science devoted to constructing machines that think.

I think you were confused with this case. The chatterbot default threshold values is 65% . Among on all statement which have greater confidence then it will become as response.

In this the confidence is 0.77 which is greater than 0.65 and you will get answer Artificial Intelligence is the branch of engineering and science devoted to constructing machines that think. I think you tried your bot ai conversations other you may get accurate results.

However you could get more granular results by setting confidence to 0.90 by using low-confidence-response-adapter.

The same answer applies to second question also. Let me know your suggestion/improvements on this question

Debunking 8 Myths About Technical Analysis

Some traders and investors denounce technical analysis (TA) as a superficial study of charts and patterns without any concrete, conclusive or profitable results. Others believe it is a sort of Holy Grail that once mastered will unleash sizable profits. These opposing viewpoints have led to misconceptions about technical analysis and how it is used.

Some misconceptions about technical analysis are based on education and training. For example, a trader trained in using only fundamentals may not trust technical analysis at all. But that doesn’t mean someone who is trained in technical analysis can’t use it profitably. Other myths are based on experience. For example, the incorrect use of technical indicators often leads to losses. That doesn’t mean the method is necessarily bad – possibly the person just needs more practice and training. Other myths are perpetrated by marketing, promising overnight riches if a simple indicator is bought and used. Rarely is it that easy. (For more, see: Basics of Technical Analysis.)

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Key Takeaways

  • Technical analysis tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities.
  • Contrary to fundamental analysis, technical analysts do not necessarily care much about the companies behind the stocks they trade or their profitability.
  • Some believe technical analysis is the best way to trade, while others claim it is misguided and lacks a theoretical basis. Here we debunk some myths on both sides of the debate.

Technical Analysis Myths Debunked

Here are eight common technical analysis myths. Read opposing viewpoints on why these myths simply aren’t true.

1. Technical analysis is only for short-term trading or day trading.

It is a common myth that technical analysis is only appropriate for short-term and computer-driven trading like day trading and high-frequency trades. Technical analysis existed and was practiced before computers were common, and some of the pioneers in technical analysis were long-term investors and traders, not day traders. Technical analysis is used by traders on all time frames, from 1-minute charts to weekly and monthly charts.

2. Only individual traders use technical analysis.

While individuals do use technical analysis, hedge funds and investment banks make ample use of technical analysis as well. Investment banks have dedicated trading teams that use technical analysis. High-frequency trading, which encompasses a significant amount of the trading volume on the stock exchanges, is heavily dependent on technical concepts.

3. Technical analysis has a low success rate.

A look at the list of successful market traders, who have decades of trading experience, debunks this myth. Successful trader interviews have cited significant numbers of traders who owe their success to technical analysis and patterns. For example, “Market Wizards: Interviews With Top Traders” by Jack D. Schwager cites many traders profiting solely from technical analysis. (See also: The Pioneers of Technical Analysis.)

4. Technical analysis is quick and easy.

The internet is full of technical analysis courses that promise trading success. Though many individuals enter the trading world by placing their first trade based on simple technical indicators, continued success in trading requires in-depth learning, practice, good money management and discipline. It requires dedicated time, knowledge and attention. Technical analysis is only a tool, only one piece of the puzzle.

5. Ready-made technical analysis software can help traders make easy money.

Unfortunately, this is not true. There are many online ads for cheap and costly software that claims to do all your analysis for you. In addition, less-experienced traders sometimes confuse technical analysis tools in broker-provided trading software for trading models that will guarantee profit. Though technical analysis software provides insights about trends and patterns, it doesn’t necessarily guarantee profits. It’s up to the trader to correctly interpret trends and data. (For additional reading, see: The Best Technical Analysis Trading Software.)

6. Technical indicators can be applied across all markets.

While this may be true in many cases, it is not true in all cases. Specific asset classes have specific requirements. Equities, futures, options, commodities and bonds all have differences. There may be time-dependent patterns like high volatility in futures and options nearing expiry, or seasonal patterns in commodities. Don’t make the mistake of applying technical indicators intended for one asset class to another.

7. Technical analysis can provide very accurate price predictions.

Many novices expect recommendations from technical analysts or software patterns to be 100 percent accurate. For example, inexperienced traders may expect a prediction as specific as, “stock ABC will reach $62 in two months.” However, experienced technical analysts usually avoid quoting prices so specifically. Rather they tend to quote a range such as, “stock A could move in the range of $59 to $64 in the next two to three months.” Traders betting their money on technical recommendations should be aware that technical analysis provides a predictive range, not an exact number. Technical analysis is also about probability and likelihoods, not guarantees. If something works more often than not, even though it doesn’t work all the time, it can still be very effective at generating profits.

8. The winning rate in technical analysis should be higher.

It’s a common myth that a high percentage of winning trades is needed for profitability. However, that is not always the case. Assume Peter makes four winning trades out of five, while Molly makes one winning trade out of five. Who is more successful? Most people would say Peter, but we don’t actually know until we get more information. Proper trade structuring allows for profitability even with few winners. Profitability is a combination of win-rate and risk/reward. If Peter makes $20 on his winners but loses $80 on this loss, he ends up with $0. If molly makes $50 on her win and losses $10 on her losses, she walks away with $10. She is better off, even with fewer wins.

The Bottom Line

Technical analysis provides a large basket of tools and concepts for trading. There are successful traders that don’t use it, and there are successful traders that do. Ultimately, it is up to each trader to explore technical analysis and determine if it is right for them. It doesn’t guarantee instant profits or 100 percent accuracy, but for those who diligently practice the concepts, it does provide a realistic possibility of trading success. (For additional reading, check out: Technical Analysis Strategies for Beginners.)

ЕГЭ: Задание 7 на высказывания и утверждения

Вы услышите 6 высказываний. Установите соответствие между высказываниями каждого говорящего A-F и утверждениями, данными в списке 1-7. Используйте каждое утверждение, обозначенное соответствующей цифрой, только один раз. В задании есть одно лишнее утверждение.

1. Devices with a large variety of functions may confuse some users.
2. We should learn how to use a device before attempting to use it.
3. If a new device stops working, the repair should be free.
4. If a device is too expensive, most people will just do without.
5. Most people prefer devices that can serve many different purposes.
6. A device should be strong enough to survive a fall.
7. The appearance of a device is an important feature for some.

A – 3
B – 6
C – 1
D – 5
E – 4
F – 7

Speaker A: Electronic devices have become so sophisticated these days. I love the fact that my mobile phone and music player can do a million different things. Of course, sometimes they stop functioning properly. With most phones you’re covered for a year or two, so that if that happens you can take them back to the shop, and either get the staff to fix the devices, or get replacements, free of charge.

Speaker B: I’m rather clumsy when it comes to handling small things. I cant tell you how many times I’ve dropped my phone on the floor. Just the other day, my laptop slid off my lap and hit the ground. I had dozed off while I was surfing the net. Luckily they both still work. These manufacturers have done a good job with their products. I wonder how many times they threw them on the floor when they were testing them!

Speaker С: When it comes to electronic devices, the only thing I’m very good at is switching them on and off. I’m simply not very keen on them, and every year, devices get more and more complicated. I know they do lots of useful things, which I’m sure is helpful for some people. But people like me – and I cant be the only one -need simplicity. I don’t want to spend hours trying to figure out how to use something.

Speaker D: As an estate agent, I’ve got a lot of different tasks to carry out. I work independently, so I’ve had to purchase my own equipment, and I’ve had to choose wisely. I needed a mobile phone that can schedule appointments, send emails, and take photos and videos of property, and it can do much more. I think lots of people share similar needs as myself when it comes to devices. They need to do a minimum often things at once.

Speaker E: Lets face it – were not all millionaires. Most of us cant throw down a huge pile of cash when we go into an electronics shop. Devices should be made affordable for the average user. I’m a fairly picky shopper as well. If I think I’m getting ripped off I wont spend the money. I’ll wait for a sale, or I just won’t buy it. I think a lot of people are like that, which is good.

Speaker F: When I’m looking for a new device, such as a mobile phone, I have a lot of things in mind just like everybody else. I want a phone that does a multitude of things, like take good quality photos and have easy access to the internet. But on more than one occasion I’ve chosen one device over another simply because it had a sleek, more modern look that matched my style a bit better. It’s something to consider.

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