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Random Trading

  • #1
  • First Post: Feb 12, 2013 5:24am Feb 12, 2013 5:24am
Is it possible to trade randomly (buy/sell) and be profitable?

Could an EA just doing random entries and money management be profitable??
Any idiot can take profit, real traders know how to take losses!
  • #2
  • Feb 12, 2013 6:08am Feb 12, 2013 6:08am
Nice to see that the long & short trades are more or less 50/50 [as the entries are random].

Avg profit per trade is not great and the balance is draining ever so slowly. Although equity has stayed in positive territory through out, it would be nice to see the balance creeping up. What will be key is letting the winners run .. and run for a long!
Any idiot can take profit, real traders know how to take losses!
  • #3
  • Feb 12, 2013 9:09am Feb 12, 2013 9:09am
looking at the trade report GBPJPY has been a bit costly .. and looking at the daily chart it's clear that it has been range bound more than EJ & UJ ... need to find a solution to avoid over trading range bound pairs.
Any idiot can take profit, real traders know how to take losses!
  • #4
  • Feb 12, 2013 3:04pm Feb 12, 2013 3:04pm
take a look at chicky's thread, he's trading randomly

http://www.forexfactory.com/showthre...05#post6431805
  • #5
  • Feb 12, 2013 10:37pm Feb 12, 2013 10:37pm
Quoting PeterE
take a look at chicky's thread, he's trading randomly

http://www.forexfactory.com/showthre...05#post6431805
Thanks .. checking it out.

Made some slight adjustments to money management based on the win/loss ratio. Should the win/loss percentage stay where it is, the balance should start going up.
Any idiot can take profit, real traders know how to take losses!
  • #6
  • Feb 12, 2013 11:30pm Feb 12, 2013 11:30pm
Random trading is not good kind of thing,in my opinion. You can be successful once or twice, bt thn you'll lose all ur profit. Trading isn't a random thing, u'll should work hard, 2 get success.
  • #7
  • Feb 13, 2013 12:26am Feb 13, 2013 12:26am
Quoting jolene
Random trading is not good kind of thing,in my opinion. You can be successful once or twice, bt thn you'll lose all ur profit. Trading isn't a random thing, u'll should work hard, 2 get success.
I am not so sure Jolene, from the books that I have read, some trading and some mentality related book, the answers I have seen is that you do not have to work hard to be successful.

Personally I will be convinced either way if the account is blown or the system is in profit after 1000 trades.

I personally believe that long term price action (trend) is not random, however a lot of intra-day moves are random. Random in the sense that you do not know what caused the move. Sure EJ is in an up trend (I think) at the moment, but you/I cannot predict the direction of every hour candle and this for me is where the randomness comes in.

Anyway ... I must letting things run, lets see where it will end up!
Any idiot can take profit, real traders know how to take losses!
  • #8
  • Feb 13, 2013 12:53am Feb 13, 2013 12:53am
Quoting bmchunu
Is it possible to trade randomly (buy/sell) and be profitable?
Here's below a quote from the RR's profil:

Quote
Here's a tip for the newbies who are learning to trade.

Ignore all that hype for various systems. Remember--for now--this one fundamental rule: The exit is more important than the entry.

With that in mind, I want you to do the following on a demo account:

1) Toss a coin: Heads long, Tails short
2) Manage the trade as you see fit. If you think the trade is bad, exit.
3) When you exit a trade, go back to step 1.

If you can double your account in less than 50 flips, I consider you a good enough trader to go live.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • Feb 13, 2013 1:34am Feb 13, 2013 1:34am
Quoting FerruFx
Here's below a quote from the RR's profil:
So manually it is possible, which I also believe.

RR is impressive ... 37 Systems .... wow!
Any idiot can take profit, real traders know how to take losses!
  • #10
  • Feb 13, 2013 2:00am Feb 13, 2013 2:00am
Quoting bmchunu
Is it possible to trade randomly (buy/sell) and be profitable?
Yes

Quoting bmchunu
Could an EA just doing random entries and money management be profitable??
No (other than by good luck over the short term)
  • #11
  • Feb 13, 2013 2:11am Feb 13, 2013 2:11am
Quoting Razzle
No (other than by good luck over the short term)
That's why the target is 1000 trades!
Any idiot can take profit, real traders know how to take losses!
  • #12
  • Feb 13, 2013 3:47am Feb 13, 2013 3:47am
Added a filter to check if the pair is possible ranging ... GJ & UJ have been identified, so no trades until there's some sort of breakout.
Looking at the Trade Report the EA has over traded the pair so hopefully the filter is a step in the right direction.
Any idiot can take profit, real traders know how to take losses!
  • #13
  • Feb 13, 2013 1:57pm Feb 13, 2013 1:57pm
Quoting bmchunu
Added a filter to check if the pair is possible ranging ... GJ & UJ have been identified, so no trades until there's some sort of breakout.
Looking at the Trade Report the EA has over traded the pair so hopefully the filter is a step in the right direction.


What filter do you use? Ranging market is the big problem isn't it!
  • #14
  • Feb 13, 2013 11:45pm Feb 13, 2013 11:45pm
Quoting jmtini
What filter do you use? Ranging market is the big problem isn't it!
Without giving away too much it's pure price action. jut look at the OHLC of the last couple of days and if certain criteria is met the bot declares it as ranging. How effective it is .. we will see.
Any idiot can take profit, real traders know how to take losses!
  • #15
  • Feb 15, 2013 11:45am Feb 15, 2013 11:45am
So one week in, balance going down, but equity holding steady! Grrr .. a little frustrating.
Any idiot can take profit, real traders know how to take losses!
  • #16
  • Feb 25, 2013 12:19am Feb 25, 2013 12:19am
18 days ... Balance negative - Equity Positive.

What to do?
Any idiot can take profit, real traders know how to take losses!
  • #17
  • Feb 25, 2013 12:40am Feb 25, 2013 12:40am
Quoting bmchunu
18 days ... Balance negative - Equity Positive.

What to do?
Why don't you define a certain % ... then close all trades when reached ?

Then start again ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #18
  • Feb 25, 2013 12:52am Feb 25, 2013 12:52am
Quoting FerruFx
Why don't you define a certain % ... then close all trades when reached ?

Then start again ...
Ok Sounds good .. worth a try 10% looks a stretch so let's aim for that.
Any idiot can take profit, real traders know how to take losses!
  • #19
  • Last Post: Feb 25, 2013 2:20am Feb 25, 2013 2:20am
Quoting bmchunu
Ok Sounds good .. worth a try 10% looks a stretch so let's aim for that.
Forgot to mention that the % should be from the last % close in order to recover the losses (if any) closed between the % closures.
MT4/MT5 EAs/Indicators/Alerts coder
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