Hi All!
I have just finished developing a new system, base on martingales.
Now, I know, some of you would say immediately, without even hearing the concept of the system, “you’ll finish up dead”.
But what would you say if I tell you that I tested the system on 1 minute data, since December 1999 (I simply don’t have older data…)?
That means almost 10 years of 1 minute bars - more than 3.5 bars in the test!!
In the worst case, the system was needed to double up 8 times.
No 9 doubles since 1999 (and probably never…)
Now, with initial account of 1000$, and first trading amount of 0.02 lot (mini account), this system survives since 1999 until now with a profit of 23,000$, which is 2200%!!! (See first chart). All the profits ware reinvested to the account.
Of cource I can start with account of 2000$ with first trading amount of 0.02 lot, which means that I can survive 1 more doubling - up to 9 doubles, and the profit will be “only” 1300%...
I just want to hear your opinion about this, because indeed – it looks too good…
I have just finished developing a new system, base on martingales.
Now, I know, some of you would say immediately, without even hearing the concept of the system, “you’ll finish up dead”.
But what would you say if I tell you that I tested the system on 1 minute data, since December 1999 (I simply don’t have older data…)?
That means almost 10 years of 1 minute bars - more than 3.5 bars in the test!!
In the worst case, the system was needed to double up 8 times.
No 9 doubles since 1999 (and probably never…)
Now, with initial account of 1000$, and first trading amount of 0.02 lot (mini account), this system survives since 1999 until now with a profit of 23,000$, which is 2200%!!! (See first chart). All the profits ware reinvested to the account.
Of cource I can start with account of 2000$ with first trading amount of 0.02 lot, which means that I can survive 1 more doubling - up to 9 doubles, and the profit will be “only” 1300%...
I just want to hear your opinion about this, because indeed – it looks too good…