Coin Flip with correct Money Management system. Will it profit ?

People say coin flip with correct MM can still make money.
lets put it on test. on live 0.1 micro account......

total trade to take ~ 100 trade. time until complete, not sure.

Trading instrument : GBP/CHF
Flipping Ken's coin here
Head, Go long
Tail Go Short

TP 30 pip, SL15 pip..

Lets See.........

1st Trade

Short GBP/CHF 2.4095

Like Usual, when I see Green Pips I am tempted to close the trade

0001 - + 15 pip.........

I guess it could be argued that since the Bell Curve doesn't hold in financial markets because of fat tails, a random entry with a higher r/r ratio should be profitable. IMHO I think there are better ways to trade than to enter randomly. Good luck.

Hi, Syafi.

What timeframe are you trading? I think a "coin flip" strategy would be more successful on shorter TFs, H1 or less, because of their random nature. Have you considered trying this on two TFs simultaneously? Maybe M15 and D1? Just a thought.

No' I just open the coin page when
I thought i want to enter the trade, and viola ! ........

I prefer Cyrox Rainbow Scalp as my main trade strategy though.. ais it doesnt involve guessing or predicting, just follow the price.....

but this coin flip is for fun, if it prove to be profit then why not use it

There are already another thread about the same thing here:

http://www.forexfactory.com/showthread.php?t=48562

This would be a good test for the other thread. There is room for both. Lets see what happens. Nothing is as fun as research. LOL

I just noticed that too, Arctic. It appears bullrock is taking a far more systematic approach.

Second Trade

Buy GBP/CHF 2.41286 .....
SL 2.4110
TP 2.4155

Dont plan to wait that long to get my 100 trades...
so I put all NZD & AUD pairs as well as GBP pairs......EXCEPT gbp/jpy since I want to trade it with my rainbow

and i guess the odd is a bit against me as the spread sometime ~4 pip which make the SL hit with only 10 pip move against me while it need ~35 pip movement to be in my favour. Not to mention the Slip, with market orders....

I like to make it Simple..

no chart' no news' no nothing,
just select a currency pair, flip the magic coin in the cyber space...
then enter the trade.....

watch the RED and GREEN pips .......

I noticed watching the Green gives satisfaction you can only get in the green valleys near mountains, with all the mild breeze.. so GOOD..

All the Trades, I take this morning..

some are closed some not, I will post the statement from broker later on ...

1 GBP/CHF SHORT
2 GBP/CHF LONG
3 NZD/JPY LONG
4 NZD/USD SHORT
5 AUD/CAD LONG
6 AUD/JPY LONG
7 AUD/NZD LONG
8 AUD/USD SHORT
9 NZD/USD SHORT
10 GBP/AUD LONG
11 GBP/CAD SHORT
12 GBP/CHF LONG
13 GBP/USD LONG
14 AUD/CAD SHORT
15 AUD/JPY SHORT
16 AUD/NZD LONG
17 CHF/JPY SHORT
18 NZD/JPY SHORT
19 GBP/CAD LONG
20 NZD/USD SHORT
21 GBP/JPY SHORT
22 GBP/JPY LONG
23 NZD/JPY LONG
24 GBP/AUD LONG
25 AUD/USD SHORT
26 AUD/CAD LONG
27 AUD/JPY SHORT
28 GBP/AUD SHORT
29 GBP/AUD SHORT
30 EUR/JPY LONG

The ultimate in simplicity! Good luck!

I noticed, it goes, RED when I enter a trade, then soon it be GREEN, then it goes RED then again GREEN........ I am so tempted to close the green when it reach +20....... leaving it make it goes back to RED again sometimes....... then GREEN again.. then either SL or TP......

this is a scientific observation....

Ahh yess, to many +15,+20,+25 pips turns Red after a while before reach 30 pip TP .........

Since The market determind what our ultimate Reward is...... mmmm So maybe I should start to move my SL to profit once it reach +10 pip and close them if it goes down further..

dialist do make sense about the reward Risk ratio ......

Hehe, only 1 day and i am thinking about changing my own rule already......

Syafi, so when can we expect the EA for this? haha

You wont believe the result ......

I felt shocked I only used 0.1 micro lot for this while I could have used mini lot......

Awesome.

This system is too easy... It do make profit for me after few days test..

But this is not a system for me as it is pure gamble. ..

If you like, Read auslanco post which talk about this, I was inspired to test it because HE SAID SO