Trading system based on pure randomness

[jonlebon]

I v heard a story ( not sure if really true) about someone training a monkey to choose stocks at random in Wall street journal and ending up out performing successful funds. Could well be the greatest strategy ever since the decision making involves no human emotion.

I m actually considering backtesting such a system ( minus the monkey) and see how it would perform.

One possibility would be to use a pair of dice and create a pre defined set of parameters for FX pair, direction, stop size, target , exit etc

This could be traded on demo account for a while for research purposes.

Anyone tried something similar before?

 

[NVP]

how very dare you .....that monkey was me

 

[jiggly]

yes, but i used a random number generator with fixed bounds, 0-100.

get two random numbers from 0-100, place as stop loss and take profit according to the best risk vs reward at current market price.

eg, current rate eur/usd 1.4550

first number = 70, second number = 10,
sell short at market with SL @ 1.4570 and TP @ 1.4510,
Risk vs Reward = 1:2

it did not give satisfactory results.....