Some at ForexFactory.com did such about the MACD. It didn't go to well for most and they had excellent money management...maybe the shared program was bad ? I think they have some Youtube videos too. Yet, oddly, it works for some while not for most. How's that possible if its a program (code)...shouldn't it work for every one of them using the exact same program and why was the money management ineffective ? Maybe there was other important variables missing from the trading plan that money management needed to be able to do its job properly ?
I would be more than happy to bet on heads in a coin flip contest if I was to get x3 payout on heads.
Ahem---those are part of money management. As I have said before, The only true edge is trading is capital and the prudent use thereof.
There is no edge in determining direction. There is only one edge and that is in the management of the trades taken in that direction.
It is interesting to hear the many arguments against the money management edge. It is also interesting to note that most traders, especially day traders fail.
Do you actually trade that way...you flip a coin and then post a live call and leave it all on money management to get you through the trade without any input from the below info considering you don't mention them with your live calls. You properly capitalized to be trading the Emini ES/NQ futures ? What's your broker margin rules or leverage you're using for those live calls ? You diversified in other markets as a trader or investor ? What's your commission rates and their impact on your bottom line ? You supporting only yourself or a family ? You have another job or you full-time trader only ? You trading paper trading (ET message text only), simulator or real money ? How do you deal with a drawdown ? What's your plan for refunding if you're still interested in trading after a blowup ? What's your stress management routine ? You're discretionary trader (no automation), system trader (program) or mechanical ? Seriously, shouldn't you be discussing the above aspects in your own journal or the ES Journal threads or should I assume that if you don't discuss them...you're not actually trading. Maybe they are not important to you because Money Management is the only thing that matters. If they are important to you...doesn't that in itself imply there are other variables important in your trading plan that you need to apply to properly apply your money management rules. Something to think about very carefully. I'm done with this discussion...its ran its course. You can reply or not with answers or talk about "high win rate" folks as a facade.
In this posting, we saw questions concerning money management, the most important aspect of trading. Thank you for your posting!