"Random" Trading...Anyone Interested?

Hey guys, while a few things are being programmed, I had a quick look at random trading.

Always seemed quite interesting to be as it seems like a stupid idea. However, with the simplest money management it actually seemed to work, nothing extraordinary, but certainly better then a normal interest rate (150-300% profit over the past 5 years).

I'm not endorsing it, but if some people are interested and I can manage to get up early enough (nearly missed my platelet donation today from sleeping in), I'll be willing to chuck some money at it just as an experiment.

For reference, for backtesting, I just took daily FTSE data. Then took the average "drawdown" of a day (would improve it to look at shorts and longs seperately), then used that as a stop and let it run for the day unless the stop was hit. Not perfect sure, but it's just an experiment for shiggles and a bit of fun.

P.S. Also I'm a right jammy ******* and probably will be more successful with this then any other strategy I use.

So long as there are trends it will work. The ideal plan would be to only turn on your bot about two minutes after news time and let it make one trade. I don't know how easy it is to back test that but you may find it very effective.

yes.. probably most of the rich trader are probably the dumbest ever and their trading strategy is probably too simple or random either... lol

If you are successful, others will have to do exactly as you do to win. The problem, as I see it, is that it is not the market that is random, although I believe that it is--- short term. but most of those who trade it are.

Most of us learn that following a plan is essential to trading success but, at some point, impulse comes into it. That impulse can never be the same, from one trade to another. Therefore, we are random, too.

Following on from that. If we are random, the market is random, too.

What a combination!

Split

Guys, as i said, I'm not proposing it as an actual strategy, please give me some credit. I just thought some people might be intruiged by the results.

nevertheless I think it will work as a startegy