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80% hit rate 1 minute system
- Thread starter oilfxpro
- Start date
Quote from ssrrkk:
There is a well known statistical fact: the poorer your statistics (e.g., small sample size, existence of correlations), the more likely you will get extreme values.
If you are the genius , you can pick and choose trades with that give you a 80 % hit rate , 50/50 hit rate is gained by the toss of a coin in trends , 67 % is gained with stop that is 33 % wider than target.
Your eyes can see the very immediate move on prices , that is on 1 minute charts.It is more difficult to read wider profit targets achievable.So trader edge accounts only for 13%.
if you trade the trend the chop will eat you up
If you trade the chop you will do fine until the trend wipes you out
if you try to trade them both at the same time you will break even minus the spread and commissions
so all you are left with is trading one or the other
preferably 80% of the time trading the chop and 20% trading the trend
wait for one or the other and you can be waiting a long time
something is always trending on some time frame
the chop keeps you alive
the trend makes you money
If you trade the chop you will do fine until the trend wipes you out
if you try to trade them both at the same time you will break even minus the spread and commissions
so all you are left with is trading one or the other
preferably 80% of the time trading the chop and 20% trading the trend
wait for one or the other and you can be waiting a long time
something is always trending on some time frame
the chop keeps you alive
the trend makes you money
Quote from oldtime:
if you trade the trend the chop will eat you up
If you trade the chop you will do fine until the trend wipes you out
if you try to trade them both at the same time you will break even minus the spread and commissions
so all you are left with is trading one or the other
preferably 80% of the time trading the chop and 20% trading the trend
wait for one or the other and you can be waiting a long time
something is always trending on some time frame
the chop keeps you alive
the trend makes you money
Seems designed to trade the chop and small trends do very well in large trends.You can have one system which makes money in all market conditions.
I'd trade my patent for the perpetual motion machine AND my elixer for the fountain of youth for a system that works all the time in all markets.Quote from oilfxpro:
Seems designed to trade the chop and small trends do very well in large trends.You can have one system which makes money in all market conditions.
Well, after miliions of us have looked for it for thousands of years, I feel honored to converse (if even just on the internet) with the one guy that finally figured it out.Quote from oilfxpro:
Some people don't get it ,even if it is handed on a plate for free.
It's hard to even imagine just how rich you will be.
Too bad, I never got it. Some of us just never get it.
If only some one would hand it to us on a silver platter. (like you say, preferably for free.)