DislikedI'm assuming that this binary system is an application of anti-martingale.
In that case, perhaps we need to go a different route.
http://traderpsychology.blogspot.com...toss-game.html
I'm working on an EA right now for this system. However, in manual back-trading, it looks like I would have made money. (Manual back trading uses tick data and "replays" the market for you to trade.)Ignored
It doesn't say how, or if, he varies his bet size after a win or loss.
To begin with, I don't believe it. I don't believe you can make a profit with a coin toss.
Whether you can or not, it isn't about money management.
EDIT-
I just put a pencil to Woodies coin toss and, mathematically, it's a loser.
50% of the time you'll get stopped out.
25% of the time you'll break even
25% of the time you'll hit profit
These are rough, but they're within 1 or 2%
That makes it a break even game. Then you have to account for transaction costs. In futures you pay a commission, plus you have slippage, on every trade, that you don't have in forex.
He fuzzies up the results by closing the trade if it goes nowhere in a certain number of bars. I don't think it will matter. That will probably deny him as many winners as it does losers.
I think it is bogus.