I just posted this on a system that will probably be deleted.
However, I find this information very useful, specially for beginners, so I thought it would be a good thing to post it here.
Many of us start trading and think "If this is 50/50 chance, if I loose I will double my next trade and recover". I mean, how many trades can you loose in a row? 2? 4? 7???
Also, some people say "With good money management I can turn a 50/50 chance system in a winner, I will loose what, 6 times in a row if I have bad luck?"...
It turns out that this is not the case.
In this thread, this guy said that having 10 looses in a row would be bad luck.
Here are 1,000 random numbers from random.org (www.random.org)
A series of 10 numbers is not bad luck, it's absolutely normal.
If you define bad luck as an event with low probability against your desires, you will have "bad luck" and loose all your money some day in the next year or two, making only one trade per day! http://cdn.forexfactory.com/images/s...nailbiting.gif
If not, every gambler in Las Vegas would be rich with his "If I loose I bet double until I recover" argument, and every Martingale EA would work http://cdn.forexfactory.com/images/s.../yim/happy.gif
Numbers from random.org (try http://www.random.org/integers/?mode=advanced):
1101000100101010001001011001000111111001001001110100010111111010001101110100010001100111111011010000010011111010110110111100011101100010011110111010111010011100010101011000101001101100111000 01001100101010110010111001000011011001000100100101011100011111000111001010110000010100101111100101100100110000010011111100100010110111010110011100100010011100110001011111000111100100010111000011110111011001000101000001101110011100000010101111100000010100110001101110010010100001100000000000010000001001111111111111100111001110111010001000111100100101010000010111110001000100111111100111001010101000110010100110101001010011010111101110100111011100110101110000001000110111100001001000011010010001000110101111000101000001010010110100110001100100001001100110101100011010101001100100111110101110100111101101111110001111101100101100101000001011011100101111101100100100000001010000001011000101001001101010100001100000100110010011110001111111101111110011100110001110110010111101 100110
However, I find this information very useful, specially for beginners, so I thought it would be a good thing to post it here.
Many of us start trading and think "If this is 50/50 chance, if I loose I will double my next trade and recover". I mean, how many trades can you loose in a row? 2? 4? 7???
Also, some people say "With good money management I can turn a 50/50 chance system in a winner, I will loose what, 6 times in a row if I have bad luck?"...
It turns out that this is not the case.
In this thread, this guy said that having 10 looses in a row would be bad luck.
Here are 1,000 random numbers from random.org (www.random.org)
A series of 10 numbers is not bad luck, it's absolutely normal.
If you define bad luck as an event with low probability against your desires, you will have "bad luck" and loose all your money some day in the next year or two, making only one trade per day! http://cdn.forexfactory.com/images/s...nailbiting.gif
If not, every gambler in Las Vegas would be rich with his "If I loose I bet double until I recover" argument, and every Martingale EA would work http://cdn.forexfactory.com/images/s.../yim/happy.gif
Numbers from random.org (try http://www.random.org/integers/?mode=advanced):
1101000100101010001001011001000111111001001001110100010111111010001101110100010001100111111011010000010011111010110110111100011101100010011110111010111010011100010101011000101001101100111000 01001100101010110010111001000011011001000100100101011100011111000111001010110000010100101111100101100100110000010011111100100010110111010110011100100010011100110001011111000111100100010111000011110111011001000101000001101110011100000010101111100000010100110001101110010010100001100000000000010000001001111111111111100111001110111010001000111100100101010000010111110001000100111111100111001010101000110010100110101001010011010111101110100111011100110101110000001000110111100001001000011010010001000110101111000101000001010010110100110001100100001001100110101100011010101001100100111110101110100111101101111110001111101100101100101000001011011100101111101100100100000001010000001011000101001001101010100001100000100110010011110001111111101111110011100110001110110010111101 100110