MoneyTec Traders Community Forum - View Single Post - Win 15-18 pips 80% of the time los 34 pips 20% of the time

Urantian · 28-10-2003, 11:33

I have actually been trading this way for 10 days--first let me explain I was very frustrated at getting stopped on 20 pip or less stops while going for 100 or more pips--I woke up one day with the clear idea that if this was a proven loser why not turn it around--flip a coin use a close limit of 20 pips a 200 pip stop loss. So far I have won all 6 trades one is till on at 21 pips out breakeven. I haven't decided to keep it up however since it ties up capital for so long when I do get the loser it will be distressing. I have jokingly thought this fits my temperment of always cutting profits short (never thought of using a trailing stop with it makes sense) letting my losers run. Thanks for all the statistical analysis--but I just figured what are the odds your stop is going to get hit before your limit?? I didn't really anticipate it taking so long however!!

Another thing is I figured if I got 3 consecutive losers (highly improbable) to establish my trade size there so if it DID happen I'd only be down 50% of my account.

Thanks for the oppotunity to get this out--have wanted to ask how this would backtest--but what counts is how it works for me I guess. Maybe I could sell it--call it the noise capitalization system or the coin toss imizer!!

All the best

28-10-2003, 11:33	#7
Urantian level 1 Join Date: Jun 2003 Posts: 35 Downloads: 0 Uploads: 0 Rep Power: 0	I have actually been trading this way for 10 days--first let me explain I was very frustrated at getting stopped on 20 pip or less stops while going for 100 or more pips--I woke up one day with the clear idea that if this was a proven loser why not turn it around--flip a coin use a close limit of 20 pips a 200 pip stop loss. So far I have won all 6 trades one is till on at 21 pips out breakeven. I haven't decided to keep it up however since it ties up capital for so long when I do get the loser it will be distressing. I have jokingly thought this fits my temperment of always cutting profits short (never thought of using a trailing stop with it makes sense) letting my losers run. Thanks for all the statistical analysis--but I just figured what are the odds your stop is going to get hit before your limit?? I didn't really anticipate it taking so long however!! Another thing is I figured if I got 3 consecutive losers (highly improbable) to establish my trade size there so if it DID happen I'd only be down 50% of my account. Thanks for the oppotunity to get this out--have wanted to ask how this would backtest--but what counts is how it works for me I guess. Maybe I could sell it--call it the noise capitalization system or the coin toss imizer!! All the best __________________ True it is you mortals are of earthly animal origin; your frame is indeed dust. But if you actually will if you really desire surely the heritage of the ages is yours you shall someday serve throughout the universes in your true characters -- children of the Supreme God of experience divine sons of the Paradise Father of all personalities.