No loss system - experiment

I am trying live the no loss system from Chicky.
I might as well keep a record of it.
http://www.forexfactory.com/showthread.php?t=400483

I thought there were no system?? Anyway all the best.

First, Good luck with the No Loss system.

Secondly, if you are planning on using this to keep track (no pun intended) of your trades and results, you should probably see if a Mod will move this to the Trading Journals section as it would be more appropriate than under the Rookie Discussion.

Best Wishes,
Dfwfire

What will be your base price? I mean, where you intend to place your buy order?

if you place it at the current level of 1.3070, the (theoretical) sl will be 13,070 pips below at 0.0000. That means you will gain 430 pips if it gets to 1.3500 or 430/13,070 = 3.3%. However, if you wait until it gets to 1.2500, your profit at 1.3500 will be 1,000/12,500 = 8% or 16% if it gets to 1.4500 from 1.2500.

You may also like to split your trades in such a way that you buy heavier and heavier when it gets near to zero and lighter and lighter when it moves away from zero.

As I mentioned patience and holding power are the basic requirements. If I were you, would wait until a very promising opportunity presents itself, maybe one or two in a year.

ps. This is your thread and your experiment and therefore you may also like to balance Risk and Reward. I mean you can modify this method and settle at anything between "No Trading Risk but Low Reward" and "Crazy Risk but Crazy Reward".

Every system has losses, just some systems have a lot of small loses and some have one huge loss that wipes whole account out.

good luck, put this should be put in the journal section

I disagree, nobody but a complete rookie would think that this strategy would make money over the decades that would be required to prove its validity.

don't know the system and don't bother.
but I doubt that it's a rookie dream.
read weinstein's remarks in Schwager.
and anyway, why would you analyse the market if not to win?
since you aren't taking losses as predefined losses (and small )))), ),
it means that you're searching smth on the freaking holy graal scale.

Of all the..sure give it a shot but can tell you now it's not going to end well. There are other threads on the same and with results not forthcoming, it's going to be a doozy, but hey, let us know if your experiment with the "no loss system" works out.

Looks like the OP's been banned for multiple usernames.
So unless there is someone else daft enough to try it....?

Figures, someone dumb enough to suggest this in the first place and move on to posting the same under different user names, guess when they start coming out of the woodwork, they come out in full flow..
I would have banned the user for suggesting the "no loss overdrive" rather than the multiple user id's..