Hi Whisky, Please do not respond to stupid comments, just ignore them so that the thread can go back to what it should. This method might yield profits, if it is polished. As, I am sure you know that trading is gambling. The outcome of next move is always uncertain and each situation is unique. So, how to we find an order in the chaos? I did an experiment a while back (on sim obviously), to enter the trades based on coin toss, but differently than you did. It was intra day on 3 min chart, when ever I would get a valid signal, letâs say to go short (well it least I thought it was a valid signal ), I would flip a coin heads to go long, tail to go short, and would proceed accordingly. To my surprise, this way of trading performed better than if I would execute trades in a direction that I THOUGHT was right. At the end of the exercise, I still ended up with small loss, if you would add commissions, it would be bigger. The slippage was not in consideration since it was ES. Now, years later, I am staring to realize that this type of trading can yield great profits, should it be used properly. I am currently working on the rules. Another great thing about it, is that these type of methods can be automated without big complexities. Regards, redduke
the thread is NOW officially open to kindergarten. children are taught to develop basic skills through creative play and social interaction, such tossing coins and placing sim trades on a 3 min chart.
You missed the meaning of what I wrote. It obviously did not work with those parameters. It was just an experiment. But it is the idea that is important here. The spin of roulette is random, every time it is 50/50 for black or red (let's put aside 0/00 for now). However, for en extended period of time there could be more reds then blacks, and there are various ways to profit from such situations. Similar can be applied to trading.
It seems that just like in politics a bunch of incompetent and loud idiots managed to silence an otherwise interesting thread. But there is a lesson to learn for Whisky in all this: Choosing not to ignore an idiot does not bring at least 1 tic per day on average extra profit! Take this thread is a proof of that statement.
Now that poor ole whisky has been bitchslapped by his superiors and stripped of his power to alter our posts, let's close this thread and forget it or the OP ever existed.
Seriously, this was an interesting topic. I can't understand why the OP would actively ruin his own thread. Too bad, probably drove away some talent that would have contributed more.
In the markets there's at least some amount of memory which supports your thesis. I doubt that's the case for roulette. But for the markets, i suspect the thesis is valid.