Think and grow rich

A 1:1 reward:risk ratio and a 50% success prediction rate is ...just... Gambling,
That's why this....so-called system...doesn't work, or has failed you a couple years of losses,

All you're doing is...just....gambling, in the market -- and equating the random, rare, wins as being skill and edge and understanding,

I don't want to brag, or think too highly of myself, but I think I have the true Holy Grail trade process....if my reward/risk ratio is 3:1 and my success prediction rate is 70%,

 

I dont algo trade 1:1, back testing shows me it is not very profitable. Because you cant get the win rate high enough to make it worthwhile. Unless you curve fit. Which wont work in reality.

 

Hello Millionaire,

Well, all my back testing shows 1:1 algos make no money.

Perhaps my trading ideas have no edge for 1:1.

I personally have never seen 3:1 with 70% win ratio algo backtest, more like 30% win ratio.

 

Actually, yours did, but barely. You made 12K per year back during the algo run up until 2020.

53% win rate is basically 1:1

https://www.elitetrader.com/et/threads/think-and-grow-rich.368474/page-3#post-5637965

 

Hello Overnight,

Yes, it did right. lol, That is a clean ass algo right there.

Yes, with algo testing, ANYTHING is possible. Currently working on a scalper to scale up to X - XXX contracts very quickly and get rich.

If you can not scale up, then you fucking up.

 

Except, it cannot scale up if it cannot also scale down. Algos work great on a backtest. But they never work on a forward test, until you "Just Do It"™

 

Hello Overnight,

Please explain what you mean by ""Just Do It" ?

Thanks

 

It means put on some Nikes.

 

I thought you meant this old video:

 

Nope, that's why I put the little ™ after the Just Do It thing. It meant to put on the Nikes, and run. Do it! FORWARD TEST IT WITH REAL MONEY! DO IT!