Hi fellow traders,
Id like to share couple of thoughts on randomness and systems, hoe to hear some thoughts etc.
If the market is random, and as far as I could research with my excel it behaves as random, there are two ways of creating a system.
1. Martingale - it gives you small amout of money all the time, [btw correct martingale trader should reduce size of his bet everytime he wins to make it work perfect]
2. Trading extremes. As random market should jump a little bit up and down, it should be enough to open short on 'to high' price and long on 'to low' price with no difference what you describe as to high and to low [f.e. one can use bands of Keltner channel, or prev high and prev close]
From my excel reesearch it comes out that after couple of years you can expect up to 120000 green pips as a maximum gain, and about 40000 max drawdown, what seems to be really promising result.
I woder what are your thoughts about it.
My first was that it may prove that plain breakout methods with using entry order are blowaccounts as well as TP orders are better than closing signals.
Id like to share couple of thoughts on randomness and systems, hoe to hear some thoughts etc.
If the market is random, and as far as I could research with my excel it behaves as random, there are two ways of creating a system.
1. Martingale - it gives you small amout of money all the time, [btw correct martingale trader should reduce size of his bet everytime he wins to make it work perfect]
2. Trading extremes. As random market should jump a little bit up and down, it should be enough to open short on 'to high' price and long on 'to low' price with no difference what you describe as to high and to low [f.e. one can use bands of Keltner channel, or prev high and prev close]
From my excel reesearch it comes out that after couple of years you can expect up to 120000 green pips as a maximum gain, and about 40000 max drawdown, what seems to be really promising result.
I woder what are your thoughts about it.
My first was that it may prove that plain breakout methods with using entry order are blowaccounts as well as TP orders are better than closing signals.