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  • #55,301
  • Dec 9, 2024 9:10pm Dec 9, 2024 9:10pm
Quoting Azen
{quote} What do you mean by noise? Noise in price?
By noise, I mean 'what other people are saying', you know like background noise! Lol
  • #55,302
  • Dec 9, 2024 10:11pm Dec 9, 2024 10:11pm
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Learn... Work Hard... Trade Alone
  • #55,303
  • Dec 9, 2024 10:37pm Dec 9, 2024 10:37pm
Quoting ghussain
GOOD MORNING I AM GOING TO CHANGE MY STREGDY FROM BOSS/CHOCH TO LUCK , DAILY AT MORNING 8 O CLOCK AS PER PAKISTAN TIME, I WILL USE COIN TO OPEN A TRADE, IF HEAD WILL BUY, IF TAIL WILL SELL WITH 300 PIPS TP/SL I HAVE SPARE 400 DOLLARS FOR THIS LUCK STREGDY, IN 44 TRADES (2 MONTHS) IT WILL BE ZERO IF ALL TRADES HIT SL. WILL USE CENT ACCOUNT.24375948 EXNESS THIS WILL BE 100% TENTION FREE, WITH ZERO SCREEN TIME, ZERO CALCULTIONS, ZERO DRAWING. {image} ONLY GOLD

I did this for a period in demo, I was struglling with psychology side and I used it as an exercise. Makes you appreciate that strategy is not that important but risk management, discipline and trading without emotion is the key.

Every open I used a random generator to buy or sell at the open with a 2:1 RR.

My win rate was 49% at end of month, ROI 68%, Profit factor 2.7

It was gold only and during trending period but made me realise I was the problem and I improved after this.
  • #55,304
  • Dec 9, 2024 10:57pm Dec 9, 2024 10:57pm
Quoting M31
{quote} I did this for a period in demo, I was struglling with psychology side and I used it as an exercise. Makes you appreciate that strategy is not that important but risk management, discipline and trading without emotion is the key. Every open I used a random generator to buy or sell at the open with a 2:1 RR. My win rate was 49% at end of month, ROI 68%, Profit factor 2.7 It was gold only and during trending period but made me realise I was the problem and I improved after this.
Are you still doing this random generator strategy with real account?
  • #55,305
  • Dec 9, 2024 11:15pm Dec 9, 2024 11:15pm
If gold makes a lower high on daily chart then I will be worried
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  • #55,306
  • Dec 9, 2024 11:16pm Dec 9, 2024 11:16pm
Quoting michiyo
Bought 2667. Tp 2690. Sl 2649
closed manually at 2670. Don't trust this pa
  • #55,307
  • Dec 9, 2024 11:17pm Dec 9, 2024 11:17pm
No it was only for a month, you need to be 45% win rate with 2:1 RR to make good money per week, so random generater or coin toss cant fail to work with a trending market but I wouldn't like to try it duirng a low volatility ranging market. (My sample size was only 40, so more backtesting would be required).

You need to have a positive R:R 1.5 - 2 and keep targets reasonable, (I did quarter of ADR or 2x ATR on 15min whichever was lowest at the time)
  • #55,308
  • Dec 9, 2024 11:31pm Dec 9, 2024 11:31pm
Quoting ghussain
GOOD MORNING I AM GOING TO CHANGE MY STREGDY FROM BOSS/CHOCH TO LUCK , DAILY AT MORNING 8 O CLOCK AS PER PAKISTAN TIME, I WILL USE COIN TO OPEN A TRADE, IF HEAD WILL BUY, IF TAIL WILL SELL WITH 300 PIPS TP/SL I HAVE SPARE 400 DOLLARS FOR THIS LUCK STREGDY, IN 44 TRADES (2 MONTHS) IT WILL BE ZERO IF ALL TRADES HIT SL. WILL USE CENT ACCOUNT.24375948 EXNESS THIS WILL BE 100% TENTION FREE, WITH ZERO SCREEN TIME, ZERO CALCULTIONS, ZERO DRAWING. {image} ONLY GOLD

sounds interesting....
  • #55,309
  • Dec 9, 2024 11:36pm Dec 9, 2024 11:36pm
Quoting ghussain
GOOD MORNING I AM GOING TO CHANGE MY STREGDY FROM BOSS/CHOCH TO LUCK , DAILY AT MORNING 8 O CLOCK AS PER PAKISTAN TIME, I WILL USE COIN TO OPEN A TRADE, IF HEAD WILL BUY, IF TAIL WILL SELL WITH 300 PIPS TP/SL I HAVE SPARE 400 DOLLARS FOR THIS LUCK STREGDY, IN 44 TRADES (2 MONTHS) IT WILL BE ZERO IF ALL TRADES HIT SL. WILL USE CENT ACCOUNT.24375948 EXNESS THIS WILL BE 100% TENTION FREE, WITH ZERO SCREEN TIME, ZERO CALCULTIONS, ZERO DRAWING. {image} ONLY GOLD
Bro, message me if you are totally lost in market. there is always light at the end of tunnel.
  • #55,310
  • Dec 9, 2024 11:46pm Dec 9, 2024 11:46pm
short https://www.forexfactory.com/thread/...3#post15084753
vankiepsauff@gmail
  • #55,311
  • Dec 10, 2024 12:11am Dec 10, 2024 12:11am
Quoting ghussain
GOOD MORNING I AM GOING TO CHANGE MY STREGDY FROM BOSS/CHOCH TO LUCK , DAILY AT MORNING 8 O CLOCK AS PER PAKISTAN TIME, I WILL USE COIN TO OPEN A TRADE, IF HEAD WILL BUY, IF TAIL WILL SELL WITH 300 PIPS TP/SL I HAVE SPARE 400 DOLLARS FOR THIS LUCK STREGDY, IN 44 TRADES (2 MONTHS) IT WILL BE ZERO IF ALL TRADES HIT SL. WILL USE CENT ACCOUNT.24375948 EXNESS THIS WILL BE 100% TENTION FREE, WITH ZERO SCREEN TIME, ZERO CALCULTIONS, ZERO DRAWING. {image} ONLY GOLD
Here is one major thing I did... I took a market turning point, say buy for example, and put some indicators on the chart, then study the candlestick pattern/formation memorized it. Now, I went to historical data months/years, to see 1. the probability 2. Drawdown before turning to profit. So crazy an experience. But, sometimes in doing that, you hit upon something else that then becomes your winning edge.
Learn... Work Hard... Trade Alone
  • #55,312
  • Dec 10, 2024 12:18am Dec 10, 2024 12:18am
Quoting BiteFX
{quote} Here is one major thing I did... I took a market turning point, say buy for example, and put some indicators on the chart, then study the candlestick pattern/formation memorized it. Now, I went to historical data months/years, to see 1. the probability 2. Drawdown before turning to profit. So crazy an experience. But, sometimes in doing that, you hit upon something else that then becomes your winning edge.
In doing so, there are some chart patterns you just know will fall or rise based on historical data. It may take longer than you can emotionally hold. But, if you are not tied to your lot size by over leveraging, the trade will be a winner.
Crazy stuff man.
Learn... Work Hard... Trade Alone
  • #55,313
  • Dec 10, 2024 12:21am Dec 10, 2024 12:21am
Quoting ElCampeador
Going to perform a new ATH
In a few days
I am a rocket scientist.
  • #55,314
  • Dec 10, 2024 12:24am Dec 10, 2024 12:24am
Quoting BiteFX
{quote} In doing so, there are some chart patterns you just know will fall or rise based on historical data. It may take longer than you can emotionally hold. But, if you are not tied to your lot size by over leveraging, the trade will be a winner. Crazy stuff man.
this is the major reason I’ve not been stopped out and have been able to ride waves a little more than the norm, seems to work for me anyway
  • #55,315
  • Dec 10, 2024 12:26am Dec 10, 2024 12:26am
lost so much yesterday, I wonder if its worth buying at 2660 and holding till ATH in a few days to make my recovery + profit with a greater lot size.

might be stupid if gold decides to drop to 2590 but hope not.
  • #55,316
  • Dec 10, 2024 12:32am Dec 10, 2024 12:32am
Quoting BiteFX
{image}
I think instead of trying to make a profit, why don't you try to make a profit? like i was SL still happily accepted
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  • #55,317
  • Dec 10, 2024 12:49am Dec 10, 2024 12:49am
I refuse to believe that the big market participants are this indecisive about the future value of gold.
  • #55,318
  • Dec 10, 2024 1:04am Dec 10, 2024 1:04am
Quoting MrFanciful
I refuse to believe that the big market participants are this indecisive about the future value of gold.
They're not indecisive of gold, they just don't care that much. They trade ranges
  • #55,319
  • Dec 10, 2024 1:13am Dec 10, 2024 1:13am
GOLD SELL 2665
SL 2670
TP1 2660
TP2 2655
TP3 2650

Gold BUY limit 2650/45
SL 2645/40
TP1 2655
TP2 2660
TP3 2665
TP4 2670
TP5 2675
Success is not final, failure is not fatal... - Winston Churchill
  • #55,320
  • Edited 1:39am Dec 10, 2024 1:20am | Edited 1:39am
Quoting MrFanciful
I refuse to believe that the big market participants are this indecisive about the future value of gold.
I think its to do with PBOC resuming buying gold in November, they have stopped since May last year. They believe price is low enough for them to buy and then I think most institutions aren't arguing with a central bank and they're out of gold market for the time being and we're trading noise.
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