the greatest thing i've ever seen on a forum

Discussion in 'Trading' started by 1a2b3cppp, Feb 12, 2018.

  1. So, we all know there are forex forums with a lot of peopel who are trying to get rich trading systems. Most of us know these don't work.

    What about the idea here? Basically it's a system that goes long, if it doesn't work it goes short, and repeats 7 times until it stops out for a loss or turns a profit.

    https://www.forexfactory.com/showthread.php?p=1967227

    Supposedly there was another system that goes 24 times.

    If you can't predict direction this might be the way to do it.
     
    cole_ likes this.
  2. speedo

    speedo

    Whipsaw yourself to fame and fortune :D:rolleyes:
     
    murray t turtle and JackRab like this.
  3. Saltynuts

    Saltynuts

    Hahaha. Roulette. Bet black. Lose? Bet red. Lose? Bet black. Win? Bet black again I guess. Lose? Bet red. Freaking A, almost there!
     
  4. It's almost as if gambling has every turn independent of the previous but trading might not be.
     
  5. I like it. ive seen some roulette strategies that are similar and semi "work"
     
    truetype likes this.
  6. Saltynuts

    Saltynuts


    I wouldn't buy that in a million years. :):):)
     
    tomorton likes this.
  7. Must have been in your imagination.

    The probability of hitting any one number is 1:38. They payout is 35:1. Those odds are fixed and cannot be altered by the player. Any strategy which seems to work (semi or otherwise) is random.
     
  8. That's half of the definition of gambling. The other half is "the payout is less than the probability of win". The gambler is hoping to prevail in spite of the odds being against him.

    Trading is not gambling. The trader is not "hoping to beat fixed odds against him".
     
    birdman and Handle123 like this.
  9. rb7

    rb7

    This is called the 'Martingale Strategy'.
    Nothing new here. And that's why casinos have limits on tables.
    It has a 100% chance of failing. It a well documented strategy.
     
  10. thats why i said "work" I would never martingale in a serious manner
     
    #10     Feb 13, 2018