Brainstorming on identifying the right direction

Dear trader, as trading is without indicators and information a 50 % 50 % possibility im wondering if its possible if we can find maybe together a way to make sure we know all the time the direction! Thats why just add which idea you could have to increase this ratio!

As im trying to say simply is it possible to create a way to always know we will be right with time without "speculating" too much!

I created that way and maybe we can add some ideas or improve my idea together

The idea is this:

Imagine starting at eurusd at 1.30000 starting with a buy 0.01

If price moves our direction 50 pipps tp we are fine and collect profit and restart! 1.3050

If price goes against us 10 pipp to 1.2090 we open sell 0.02 with tp 50 pipps 1.2040!

If price goes up to 1.30000 we open buy again with 50 pipps tp 0.04!

If price goes back to 1.2090 we open sell 50 pipps with 0.08!

Means if price is ranging we will add new positions but once price have to move in one direction and get into a little trend of 50 pipps!

What do you think of this idea ?

My idea behind is to hold it tight and try always to find the right direction through changing those position!
Through that trading style you wouldnt need an entry point you could just start anywhere and hope to get in a trend.

So the idea behind is to try to determinate the direction through positions and not "speculate" on the market

If anybody wants to add something positive i would be happy

Kr

sounds great,but problem is if price ranging too long then we are done and that moment comes

I know! Thank you,
yes that true unfortunately!

But i hope maybe someone is creative enough to solve the problem! I tried, but i dont get a solution!

The cool thing is we are giving the direction! With that manover! So we are not depending on market but money monagement should be solved ....

I think basicaly it would be better to act that way to find a solution like that then to speculate on 50% 50% chance! I hope we can find something here ,rg

I saw a seminar on a experienced trader that had made a EA on the exact same system he was saying on the seminar he had not lost a trade in 3 years and the most times price had gone up and down was 6 times only i am not sure thats exactly true,

but even with 10 times the leverage will not be super high it cant be very difficult for a coder to make a EA of a system like this it would be good too try it out.

Plot a line above the current price and a line below the current price. Trade in the direction price moves away from your starting current price and in the direction price is crossing the lines you plotted. That tells you the direction price is moving relative to when you started trading. This is not my original idea.

I've done extensive automated back testing with this idea and you WILL blow up your account eventually. You need a massive account to be able to withstand an eventual brutal ranging period. So you essentially make peanuts on your massive account because you can't take large positions sizes to make any money because you need the margin in reserve. Give up on the idea because a long ranging period will eventually show up and wipe you out. You'd be better off investing that amount of money in a nice dividend portfolio and living on a beach somewhere.

To have an easier chance of success with less effort would need to know and be able to see how much money is coming into the market in millions or billions or thousands, not just some lousy bars on an indicator indicating volume... has anyone got an idea where to acquire such sophistication? (some kind of forex tape)

i had developed an EA based on this...coder actually did it.. yeah it seems good.. may work most of the time but when market start ranging it will screw you...