Reality based coin-tosser method that beats 95% of traders in the world.
- Thread starter Whisky
- Start date
Quote from jack hershey:
I've enlarged and annotated the short pattern for you so you can see how a person annotates a trend using our symbols. they are not unsual. In fact I am often accused of using stuff invented by younger people than me who started using what I use after I began. they are all noteworthy, since they are more recent vendors and I never left the ranks of amateurs as defined by NFA when it was created after I began trading.
Hi Jack - please bridge this to a coin toss
Please use words with 2 syllables or less
thanks
Quote from TheAngryHermit:
That stategy failed three times and worked once on the chart you posted. :eek:
You'd be better off having a beggar flip a coin for you.
Actually, if you read my "rules" for the strategy, entry is made when the pullback is within 5 tics of the average at close. That rules out the first 2 times you see entry points.
Say we scratch the 5 tic rule and just stick to the part where we enter at the end of the day... 2 profits and 1 small loss.
I know its fun to try to debunk a strategy but the stats I worked out in excel say otherwise.
Why are you people killing what was an interesting thread by responding to and talking about Hershey?
All you accomplish is looking as ridiculous as him.
All you accomplish is looking as ridiculous as him.
Au contraire, Whisky opened the door on his thread ... after that, it was all downhill.Quote from Random.Capital:
Why are you people killing what was an interesting thread by responding to and talking about Hershey?
All you accomplish is looking as ridiculous as him.
Whatever, have fun.
Quote from Mike805:
Yeah, I almost feel bad for the guy...
Not really though.
What cracks me up is that Wolinsky was asking $5mil for a pseudo pairs "system" with -33% DD and ZERO money made in the last 12 months. Hey Beau, I'll sell you this system for 100k... wait, nah, I'll make you great deal - $99k and its all yours. I'll even throw in a quarter if you buy in the next 24 hours? What d'ya think?
LOL...
LMAZO
Quote from Mike805:
Literally took about 30 seconds. I remember playing around with these concepts many years ago. Got bored though.
Anyhow, don't tell TraderZones or Bwolinsky as they'll try to sell this system on C2
Edit: Actually if you assume $30/round trip in transaction costs (12.5 x 2 for slippage and 5 for commiss) then we get 962 trades *$30 = $28.8k in slippage and commissions.
The system is net profitable by $44.8k-$28.8k = $15.9k.
Mike: Let's try to push this improvement of yours a little further. Please consider:
1-Using a symmetrical method that would take the exactly opposite position on entry than your method, and exit SOMEWHERE else in time. This would cut risk substantially and also cut comms and slip for the entry.
2-An exponential compounder/sizer for your suggestion as is. Ignore comms and slippage for now, just to get pumped up.
See if you can come up with any of the above 2 considerations (or both) in any order, and draw an equity curve with and without the improvements, for record purposes.
Only do this if you really want to.