How not to make money trading the markets (part 2)

Hotch

Well-known member
Jul 8, 2008
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#4
Maybe I should run this so it's only if I have no orders open, or go to a different pair or something, oh well, for now.

short @ 1.35099, stop 1.35262, target 1.34827
 

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Jul 12, 2010
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#5
I've dug out my lucky coin again!

Going to do things a little differently this time.

Flip a coin every hour, long on heads, short on tails. Set a limit and stop. Repeat at the next hour. Trading solely EU for now.

£100 account, 10p/point, not as confident with this.
Don't laugh.....you might even beat the trading room moderators at Live Trader Global (LTG Goldrock) with this strategy!
 

Hotch

Well-known member
Jul 8, 2008
1,410
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#10
Are you updating the thread every hour? I might open a book on how many pages this lasts
Finished for the day, probs start 7am tomorrow unless alarm clock fails again.


I'm thinking I need to change this up a bit it's a bit dumb as is, I admit it wasn't thought through, having decided to do it 5 minutes before the hour.

Shall rework it I think.
 

megamuel

Well-known member
Aug 1, 2008
1,098
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#14
Hotchy I have a more exciting idea! Why don't you flip the coin, head-long tails-short. Have an equal risk reward. If the trade wins then flip and enter again. If it loses - Martingale and DOUBLE UP in the same direction. That would be good to watch! ;)
 

Hotch

Well-known member
Jul 8, 2008
1,410
256
93
#15
Hotchy I have a more exciting idea! Why don't you flip the coin, head-long tails-short. Have an equal risk reward. If the trade wins then flip and enter again. If it loses - Martingale and DOUBLE UP in the same direction. That would be good to watch! ;)
Give me a grand to punt on it and your on!

Apologies that this hasn't got off the ground yet, some stuff came up and I'm suddenly busy. I am thinking more that I'll enter positions at the start of the day based on coins and then exit when I think is best, but I'm open to suggestions.