15 pip risk 1000 pip gain ea??

Hey guys,

I've just had an idea after looking at the 1 pip guaranteed thread and decided it would be better to risk 1 pip and gain a lot so I started looking at the daily candle to see how many had zero wick.

Unfortunately there are not very many so I changed to the weekly chart. Although there are some with zero wick it seemed more likely that an ea would be better off looking for wicks less than 15 pips and there are quite a few.

So the idea is at the start of the new week , if the previous week ended up the ea would buy at open with a 15 pip stop loss, and the reverse for a previous down week.

This ea will lose more trades than win but how many times will it reach 1000 pip gain within the year. This is what testing the ea on many pairs will tell us.

Let's say it loses 15 pips per week out of 52 weeks
so 15 x 51 is 765
and wins once ie 1 x 1000 we get a net profit of 235.

Food for thought eh......thanks to anyone who wants to give this a go.

Cheers J

Sounds kind of like pipEasy's Equity Millipede. He builds a portfolio of low-probability high reward:risk trades. His goal is to have open trades in his account that are months and years old. He does it by persistently probing the market with small orders until 1 sticks.

I don't know if his concepts translate well into an EA though.

altho the cable chart shows 2 successful 1000 pip moves I have just checked back using 10 years worth of data.

This is a losing strategy with the result being a loss of approx 2255 over 10 years.

I wonder if this means then that you should just take profit at 15 pips instead with a stop loss of 1000 lol

Cheers J