Each independent trade carries a 50% chance, so the odds of the 15th is still 50%, however, the odds that the previous 14 would have all been winners is .5^14.
well there are only two ways the price can move, so there is a 50% chance it will go that way. However, if you are trading with a 3 pip spread then a 10 pip loss is only a move of 7 pips while a 10 pip gain is a move of 13. so if you are taking 4 pip profits but taking 7 pip losses, you will suffer gamblers ruin eventually.
well, since there about 4800 dollar in that account as a result of this profit, i would have to lose at least 20 times in a row now to blow out the account =)
Well my tp obviously depends. As you see, i got about 55 pips on one trade, 12 on another one. And by the way, my winning ratio is not 50%, but rather 90%
But really. Do all of the people here really believe that it was 100% luck? No skill? And ive a different perspective when it comes to leverage. 2500 dollar is just a portion of the money that ive put aside for trading. Say that i have 10 million dollar, then 2.5 lot is a tiny amount. A 10pip loss, would be 0.000025% of my money. I think people here are focusing too much on the leverage. What really counts are the pips gained, which is the real performance.
that is excellent performance. just be careful of euphoria - certainly dont ramp up size for at least 3 months i would think. congrats! so what can you tell us about this system - anything interesting? yes, bring him the finest meats and cheeses! =) funny ^
Yeah I could. The system is focusing on minimizing risks, which are done by: 1your position should only be exposed for a short amount of time,before closing it. You either timed the entry right or not. 2Never have a position open during an economic announcements,even smaller ones. 3Rangetrading is favourable.Trending markets does also work. If the trend is up, buy the currency when it has moved down for a while. Never go the opposite direction, and always wait until it is oversold. 4If you expect, the trend to go up, and say it has gone up 8 pips in your direction, close your trade, and by at 2 if it goes down to that point. Because a currency will never go up in a straight line,but will usually sicksack. 5 You should always make a partial position. this is a great way to increase the probability to profit. 6 Stoplosses, are usually at ten. However, say that i bought at 70, and it goes down to 58 in speed, i would close my position if the currency goes up to 64 for instance. I close the position after it have retraced back a bit again. I think this is a crucial thing, and that there are more to it than meets the eye.
interesting - my current system also is time stopped for about 30secs-15mins... if its not good by then, or stopped out limit - its no good.
While you can flip a coin and hit 14 winners What are the odds that your first 14 flips are winners. Can't you place any value on the fact that you have 14 winners in a row? Assuming he has not been doubling down?