Trading with Coinflip Accuracy!!
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Thread: Trading with Coinflip Accuracy!!

  1. #1
    Im going to conduct a 8 trading day experiment for your own GBP/USD and EUR/USD beginning 29Nov09. At the start of each trading day via alpari feed will put a 100 pip TP to get Gbp/Usd and also a 50 pip SL. Im going to put a 75 pip TP and a 35 pip SL to get Usd/Jpy. At the conclusion of 8 trading days will hold a forum poll to determine how we can upgrade the egy in a simplest way. Rigid Monemanagement.

  2. #2
    Its going to be at the start of the asian session, EST..

    Hey Folks! As a matter of fact im going to edit the system slightly, where going to enact a 50 pip stop loss and 100 pip take profit for the Gbp/Usd along with a 35 pip stop loss and 75 pip make profit on the Eur/Usd.

    Some key features:

    Beginning Balance: 1k

    Rigid moneymanagement: 2% per transaction

  3. #3
    Hey,

    To simplify it to get a few were simply going to exchange a more static.1 lot dimensions. Ive also substituted eur/usd with usd/jpy.

    Heads = Extended
    Tails = Brief

    Here are the open orders:

    Gbp/Usd:

    Short 1.64782 Tp: 1.63780 Sl: 1.66110

    Usd/Jpy:

    Long 86.61 Tp: 87.31 Sl: 86.11



    The Trial Begins....mmmuuuuuhhhhahahahhahahhhahahahahahahaha h

  4. #4
    Well looks like we had 2 loser traders yesterday.

    Gbp/usd = -50 pips
    Usd/jpy = -35 pips

    = -85 pips

    Here are the new trades:

    Short: Gbp/Usd @ 1.6451 w/ 50 pip stop loss and 100 pip tp
    Long: Usd/Jpy @ 86.35 w/ 35 pip stop loss and 75 pip tp

    Recall People, Im literally turning an OLD Nickel to make my commerce choices. Rigid MM in place.

  5. #5
    Both Trades are in minimal Profit. Lol

  6. #6
    Does anyone think I should incorporate a Trailing stop to these orders and if so how much and why?

    Also would you think the SL and TP are acceptable for each individual currency pair, if not why why why why why why ?

  7. #7
    Quote Originally Posted by ;
    Does anybody think I need to incorporate a Trailing stop to these orders and if so how much and why?

    Also would you think the SL and TP are appropriate for each respective currency pair, or even why why why why why why?
    My advice stick to your original plan and do it for 8 days before making changes. In case you have a goal that you need to achieve based on set parameters then there is no point chopping and changing every day, by the 8th day you'll have achieved nothing but change. In terms of the trailing stop, it will most likely restrict your potential. You're already only looking at 2:1 based on a 50/50 outcome. A trailing stop will more often not to further limit potential. If following the 8 days is up you decide to scrap the take profit point and place a trailing stop of some type then would be different because you first upside potential isnt restricted.

    Just my thoughts

    Razor

  8. #8
    Agreed, Im throwing ideads out there for after the 8 days

  9. #9

  10. #10
    Usd/Jpy just hit on Its TP 85 pips (Erroneously set the tp 15 pips higher)

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