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- Joined Oct 2005 | Status: Pip Slappa Extrordinaire | 1,012 Posts
You are in a maze of twisty little passages, all alike.
Stupid Trading System 5 replies
The simple stupid system 855 replies
very stupid question but grrrrrrrrr!!!!!!!!! 2 replies
Call me stupid - Indicator discovery 32 replies
Stupid maths 19 replies
QuoteDislikedIf you calculate the average amplitude (1/2 daily high-low range) for each pair, you will find that this corresponds to the average open-high range, the average open-low range, and the average open-close range. The amplitude is a kind of basic measure of inherent volatility. That's just how much the price wiggles around (either up or down) every day.
DislikedHi Stevegee
Have you tested this, and if so, over what time frames?
Sorry to be so negative, but it sounds too good to be true. If trading was this easy, we'd all be millionaires.
If it's possible to trade profitably on the basis of a coin toss entry, then all of the entry systems that have ever been devised are a complete waste of time, as is the maxim "the trend is your friend", since you'd be counter-trend trading, randomly, 50% of the time.
Cutting losses short and letting profits run is profitable only to the extent that markets trend, and far enough to overcome costs.
In all honesty, I'd be delighted to be proved wrong, and I'd be the first to congratulate you.
I admit that I'm skeptical, but I apologize if this any of this sounds facetious or mocking, I don't intend it to be.
Best wishes
David
[My apologies to Inflection - I didn't mean to hijack your thread. This is my last post on this subject.]
[Edit #2: perhaps I've been too hasty. It's very possible that the best systems are simple. Combine this idea with (1) trading in a long enough timeframe to make costs less significant (and perhaps allow positive carry to offset this further), and (2) trading only in the direction of the trend in an even longer timeframe, and I suspect the probability improves significantly. But of course that's no longer a truly random entry.....]Ignored
DislikedMy apologies, Inflection. I inadvertently hijacked your thread.
I may just move this whole coin tossing thing to my own thread. Or maybe I should just attach a lightening rod to my head.
Ignored
DislikedThis thread becomes more and more interesting every post!
How do you calculate this average? How many bars would you consider?Ignored
Disliked"4. At the open of each trading day, "
Could you clarify this statement for me. Are you talking about specific market openings related to individual pairs or NYSE Opening Bell?Ignored
DislikedMy apologies, Inflection. I inadvertently hijacked your thread.
I may just move this whole coin tossing thing to my own thread. Or maybe I should just attach a lightening rod to my head.
Ignored
DislikedHello friends.
I have started a thread about making minimum 100 pips a week, so since this thread is dead and if you're still interested you can keep an eye on my journal and see how far I get.Ignored