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Let me explain why I'm find seperating the Interest Profit and Trading Profit so important. This is system is "Cash & Carry", which is supposed to profit off Interests payment. Interest payment is definite. It can be predicted with 100% certainty that we will be paid (or charged) Interests...

No no, its my mistake for not being able to understand you. Well, at least you're willing to explain. $547.35 end profit - $315.33 estimated interest profit = $232.02 Hmmmm....so you actually made $232.02 trading profits for these 72 days? Q1) Why don't you think automation is...

Let me rephrase: Q1) Do you think it is possible to program the rules into a computer and let it trade by itself? Q2) Is having an edge on the entry important? Can we keep the average trade price close to the current price with random entry?

Thanks a lot, ES. Hmmmm...okay I'll make a mental note to log the interest payments at the end of everyday when I test this thing. By the way I read Woah ES, reading your spreadsheet is giving me a headache. You started this C&C on May 9th right? According to this...

Erm...thanks ES. But I really need to confirm whether this is the final state of the trades when u took the loss: http://www.elitetrader.com/vb/attachment.php?s=&postid=790728 . I also need to know how much Interest total you earned during the test period. This will give us a clearer picture...

ES, To facilitate further studies on this system I require a couple of things from you. It should be rather easy for you to procure. 1) The state of all the positions when you finally went flat. Is this one correct: http://www.elitetrader.com/vb/attachment.php?s=&postid=790728 ? 2)...

Basically you keep averaging to bring down the average price so a sufficient retrace/rebound will allow you to close out all your trades.

Oops, my bad. After margin considerations, NZD/USD returns $0.835 a day for 10,000 units held compared to $0.583 for 10,000 units of USD/CHF. Hmmm.... You got to admit, the basic prinicple IS average down losers hoping they'll rebound. While some pairs will rebounce. providing winners...

Dear friends, upon closer examination you might find that the heart of this system is "averaging down losers to get out on rebounce". The pairs held are no where near "almost totally hedged". In fact, they are "almost totally unhedged". No malicious intent, just pointing out the realities of...

NZD/USD today pays $0.57256 in interest for holding 10,000 units for 24hrs. USD/CHF today pays $0.58356 in interest for holding 10,000 units for 24hrs. I guess NZD/USD isn't that high now on the interest yield list. :( After reading the entire thread, I guess i got the gist of this...

I try not to drink when my life savings or OPM is in that trading account. :D

Hey hey, who cares what others use ET for. I'm a trader, a trader's goal is to make money. You trade C&C to make money too don't you? I see we have something in common then. This is definitely OPM material I tell ya, 25% returns p.a. is HUGE when it comes to OPM. It has way more potential...

FX Futures don't pay carrying interest....do they? O_o

You say our risk:reward ratio is 1:1 here right? And probability of winning or losing for that is 50% right? No money management or bet sizing at all right? Entry is totally random, no predicting the market etc right? You say there is an edge to be found even when all of the above are...

Yes yes, simulation can be very useful when training beginners or training myself to get used to discretionary strategies.

Good point. Just because we don't know doesn't mean it does not exist. Then how are you so sure that "coin toss has no edge" doesn't exist? :D Coin Toss system right? I think I know what you're thinking since I went down the same path when I started trading. What you're trying to do is to...

Guys, we need to show him that the coin toss system is "been there done that" to death since 1980s.

Ah I see. Best of luck in the future~

yep

Why in the world would anyone play with real money when they haven't nailed down the rules of their strategy playing with fake money? How do you even know if your strategy work in the first place unless you test it with fake money?