The Coin System

Victor90 said:

Hi,
This is something i been wondering for a while about. The market can only go up, down or sideways. So if you go long you will either make money, lose money or the market goes sideways and you dont lose or win. If i would trade only on flipin a coin, one side is going long and the other side is shorting. Then i place a limit order 200 pips away and a stop loss order 100 pips away. Then when i flip the coin it should be 50% chance of profit. And in the long run i should make more money than im losing, right?

Correct me if im wrong

Anyone ever tried this, or backtested it?

Click to expand...

rathcoole_exile said:

before putting pen to paper and writing your wee message, why not make the effort to read the actual thread about this very topic, something over 100 posts.

Too hard for you in noobieville, still expecting everything to be spoon fed to you ?

Click to expand...

Victor90 said:

Hi,
This is something i been wondering for a while about. The market can only go up, down or sideways. So if you go long you will either make money, lose money or the market goes sideways and you dont lose or win. If i would trade only on flipin a coin, one side is going long and the other side is shorting. Then i place a limit order 200 pips away and a stop loss order 100 pips away. Then when i flip the coin it should be 50% chance of profit. And in the long run i should make more money than im losing, right?

Correct me if im wrong

Anyone ever tried this, or backtested it?

Click to expand...

Victor90 said:

.... Then i place a limit order 200 pips away and a stop loss order 100 pips away. Then when i flip the coin it should be 50% chance of profit. And in the long run i should make more money than im losing, right?

Correct me if im wrong

Click to expand...

BerkshireBull said:

I've attached a spreadsheet which I think gives you what you're looking for. I've said that a winning trade nets you 200 points, and a losing trade takes 100 points from your account.

Click to expand...

GammaJammer said:

.....and for the record you're wrong. You're soooooo wrong

Click to expand...

Captain Currency said:

Hello Victor,

If you have a limit order 200 pips away from your entry and a stop loss 100 pips away from your entry, your 100 pip stop loss has a 50% better chance of been hit first.

Keep thinking of ways to beat the market ... :smart:


Kind Regards,

Click to expand...

brooks79 said:

Do you use a penny, nickel, dime, or quarter???? Oh, I will just back test all four!:clap:

Thanks for the system

Click to expand...

Captain Currency said:

Hello Berkshire,

The odds are not going to be 50/50 if your profit target is 200 pips and your stop-loss is 100 pips.

From your excel results you had 197 trades, 100 where losers and 97 where winners. This is not they way the results would be if you where to try this sysrem for real, as I said earlier a 100 pip stop loss has a much greater chance of been hit than a 200 pip target, it aint 50/50 im afraid

but keep trying ...

Kind Regards,

Click to expand...