EURUSD Cultural Center

[Instant Karma]

2 things:

1 - this is a 100% mechanical strategy

2 - i make no claim that this strategy is profitable in the long run...
time will tell.

 

[Instant Karma]

bot 1.2917

stop 100 pips
target 25 pips

 

[oldtime]

Quote from Instant Karma:

bot 1.2917

stop 100 pips
target 25 pips

stop 100 pips?

if anything, that's just a routine point to buy some more

If I like it here, I like it even more the lower it goes

I'm a buyer

once it starts going up I will be a seller

are you just going to dabble?

or are you actually going to get in the businesss?

nothing worse than increased demand, and no inventory left to sell

 

[contra]

when it goes up you buy, and when it goes down you sell... with clear risk defined.

A few of these trades I liked, and i don't use tight stops in the FX market but... 100 pip stop seems a bit much without any intelligent intervention when things are going wrong, but being it's a mechanical system, lets see how it plays out.

should probably get the 25 here.

I think I see what you're doing though Instant Karma.

 

[Instant Karma]

Quote from Instant Karma:

bot 1.2917

stop 100 pips
target 25 pips

out 1.2942 +25

 

[Instant Karma]

Quote from contra:

100 pip stop seems a bit much...

everybody seems a bit perplexed re: the 100pip stop...
i'm agnostic, if backtest says ok then i'm ok...i don't care if it looks wrong..

 

[Instant Karma]

Quote from oldtime:

stop 100 pips?

yeah..yeah..i know..

 

[oldtime]

Quote from Instant Karma:

yeah..yeah..i know..

nah, it's just that 25 pips target is a rough way to go. Good for you young kids, but it gets old. Hard way to make a living over time. One or two pips is good, 100 or 200 pips is also a way, but that in between stuff is completely reliant on your energy and youth.

 

[contra]

Quote from Instant Karma:

everybody seems a bit perplexed re: the 100pip stop...
i'm agnostic, if backtest says ok then i'm ok...i don't care if it looks wrong..

It's not the 100 pip stop, that's fine... it's the risk:reward i think that has people perplexed. Something different for sure but I can't fly with completely mechanical systems, as eventually they tend to end bad. but interested to see how it works out.

 

[maxpi]

it takes about 85% win rate to consistently make money [and that's not guaranteed] with a 1:4 r/r...

http://www.swingtraderguide.com/swing-trading-system-simulator