Q. How can you trade smart and win a trading comp?
A. You very likely can't !!
The reason you can't is most if not all comps are won by outsiders who got VERY lucky, traders who are smart and got lucky OR traders that took high risk trades and got very very lucky.
A comp is not won by a trader with a 50% return over one month (a great return), its won by a trader with a % return in the 100's of %
So if we enter we know the only way we can win is if we go a little nuts and trade large size, roll profits and compound wins. Danger is going bust and often we will go 100% broke if we try this strategy.
My idea for a comp Im about to enter (one month duration) is to split my cash in three and trade three EA's on a very high risk setting.
If any one of my EAs survive the comp I should win or at least place as my EA's backtested average return when they survive for one month is 300%+
My objective is to have
Bot 1 DIE = -33%
Bot 2 DIE = -33%
Bot 3 Hes Alive = +200%
=200 - 33 -33 = 133%+ return minimium if "1" bot survives.
Of course a better outcome is if two or even three could survive
I will log each trade, its risk, and update the trading balance of the three bots on this thread.
The mini bots Im entering all use the same EA and trade one pair each (never changes), once a day, new trades are opened on/near UK market close.
A. You very likely can't !!
The reason you can't is most if not all comps are won by outsiders who got VERY lucky, traders who are smart and got lucky OR traders that took high risk trades and got very very lucky.
A comp is not won by a trader with a 50% return over one month (a great return), its won by a trader with a % return in the 100's of %
So if we enter we know the only way we can win is if we go a little nuts and trade large size, roll profits and compound wins. Danger is going bust and often we will go 100% broke if we try this strategy.
My idea for a comp Im about to enter (one month duration) is to split my cash in three and trade three EA's on a very high risk setting.
If any one of my EAs survive the comp I should win or at least place as my EA's backtested average return when they survive for one month is 300%+
My objective is to have
Bot 1 DIE = -33%
Bot 2 DIE = -33%
Bot 3 Hes Alive = +200%
=200 - 33 -33 = 133%+ return minimium if "1" bot survives.
Of course a better outcome is if two or even three could survive
I will log each trade, its risk, and update the trading balance of the three bots on this thread.
The mini bots Im entering all use the same EA and trade one pair each (never changes), once a day, new trades are opened on/near UK market close.
