99% success trade

[fxtrader777]

Guys i understand your comments but the accent was hit to the success rate of the trade (99%). It really has 99% sucess rate but it does not mean we must trade it. yes it really works but 20$ does not worth the risk. But it can be taken with some conditions, hence news releases

[Dr. Zogg]

Mick,

Asia. Mosquito hitting a broad leaf in Africa...

There will always be something that catches the doomed over leveraged souls....

fx, what kind of logic is that? If it works 99% of the time of course we must trade it. But it doesn't work 99% of the time. That strategy has 0% chance from day one.

[fxtrader777]

Originally Posted by Dr. Zogg

Mick,

Asia. Mosquito hitting a broad leaf in Africa...

There will always be something that catches the doomed over leveraged souls....

fx, what kind of logic is that? If it works 99% of the time of course we must trade it. But it doesn't work 99% of the time. That strategy has 0% chance from day one.

it work 99% of time but this remaining 1% can burn all you have gained if you do not use filters. The fitlers are as described above, hence trade only on news release move and stop trading after 3 attempts withought success. The 99% ratio will make you winner with this approach.

I think I have made it clearer and more acceptable and riskworthy
Haven't I?

[sunabeach]

Uh No!!

"stop trading after 3 attempts withought success. The 99% ratio will make you winner with this approach."

3 losers means next 297 trades have to be winners. The best traders are lucky to have a 50% win/loss ratio. Do you actually read your posts before clicking submit reply button ?

[fxtrader777]

LOL may be not hahaha

[fxtrader777]

BUT why 297?
If 3 trades are losers you lost 20$ + 40$ + 80$ = 160$
and you need 8 successful trades to be recovered, thus if success rate is 99% it is quite possible that you will stay winner.

[sunabeach]

thus if success rate is 99% it is quite possible that you will - own everything in this world that there is to own.

[MickMason]

Originally Posted by sunabeach

thus if success rate is 99% it is quite possible that you will - own everything in this world that there is to own.

But where would he put it all, that's an awful lot of things.