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snow · 30-08-2006, 06:34

Think about it for a moment.

After been flipped a few times what has happened to your risk:reward?You end up risking a large % of your capital for a tiny profit!!

What happens when the it whips between say 25 pips for a couple of hours?You finished!!

At news time if your broker widens the spread you will get filled when in actual fact your price never hit which leaves you possibly catching the breakout....but the wrong way!!

Bad fills slippage frozen platforms etc will render this system useless.
Furthermore one your broker knows your system it would be just far too tempting for them to you know what....

I know these things cause i fooled around with this idea years ago.
BTW this is how Nick Leeson broke Barings.

30-08-2006, 06:34	#19
snow level 1 Join Date: Oct 2004 Posts: 20 Downloads: 0 Uploads: 0 Rep Power: 0	Re: 99% success trade Think about it for a moment. After been flipped a few times what has happened to your risk:reward?You end up risking a large % of your capital for a tiny profit!! What happens when the it whips between say 25 pips for a couple of hours?You finished!! At news time if your broker widens the spread you will get filled when in actual fact your price never hit which leaves you possibly catching the breakout....but the wrong way!! Bad fills slippage frozen platforms etc will render this system useless. Furthermore one your broker knows your system it would be just far too tempting for them to you know what.... I know these things cause i fooled around with this idea years ago. BTW this is how Nick Leeson broke Barings.