I came across this system by accident. In back testing the results were bad, so bad in fact, that if traded backwards the results were good.
Extremely simple to trade, a child could do it. But some people may find it hard, as it's only one trade a day, and some days - no trade. (If you're a day trader used to looking at the screen for hours every day, placing trades and charts on social media and you're addicted to the idea of trading and being an active trader you may find it hard.)
First lets examine a simple misconception. I don't believe markets are total random (chaos) but let's assume they are. With regards to a 1:1 risk reward ratio, one would assume a 50% win rate? what about a 1 risk to 2 reward... 33% win rate? Dose that mean if we took three trades and the first two hit stop loss there is a high chance the third trade will hit tp?
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Many thanks hakary for coding this EA.
So far this year the results have been interesting... (unless you use a broker which gives you a 10 pip spread on CADJPY as shown in this post, in which case, I recommend looking for a new broker...)
Extremely simple to trade, a child could do it. But some people may find it hard, as it's only one trade a day, and some days - no trade. (If you're a day trader used to looking at the screen for hours every day, placing trades and charts on social media and you're addicted to the idea of trading and being an active trader you may find it hard.)
First lets examine a simple misconception. I don't believe markets are total random (chaos) but let's assume they are. With regards to a 1:1 risk reward ratio, one would assume a 50% win rate? what about a 1 risk to 2 reward... 33% win rate? Dose that mean if we took three trades and the first two hit stop loss there is a high chance the third trade will hit tp?
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Many thanks hakary for coding this EA.
So far this year the results have been interesting... (unless you use a broker which gives you a 10 pip spread on CADJPY as shown in this post, in which case, I recommend looking for a new broker...)
Attached File(s)
Backwards.ex4
14 KB
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395 downloads
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Uploaded Mar 23, 2016 2:48am
Well sir, looks like you're playing checkers at a chess match.