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Statistical Gambling System (High Winrate, but NO EDGE)

  • #121
  • Jan 22, 2014 9:24am Jan 22, 2014 9:24am
Quoting Proximus
{quote} Of course not, but its not the MA which is the center of attention here, but the SL and TP. The entry is pretty much random, thats it, i dont believe in technical analysis so doesnt matter if i use a STOCHASTIC or PSAR or RSI or whatever, its all nonsense. But the size of SL and TP optimized can increase the efficiency of this system. And also dont ignore the fact that its a gambling system, not a holy grail nor a "forever profitable system" It is designed to gamble, and if you are lucky then you can make money with it.

I was getting worried you was taking this to seriously for a while then!!

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #122
  • Jan 22, 2014 9:35am Jan 22, 2014 9:35am
Quoting Turveyd
{quote} I was getting worried you was taking this to seriously for a while then!!
Depends, how you define serious.The name of the thread says "gambling" and "no edge", and because of this it should be treated as such.

It is not much better than a roulette or a slot-machine.But still i am trying to make the odds better.

In the long term it will definitely lose you more cash than you make, so its not good to use it for a long time.But in the short term, it can make money, preferably make you more money than you need and can quit trading after.

But at the end it all comes down to luck, nothing more, and only luck will separate those who will make money and those who will wipe out their account.Its a very high risk system, but the rewards can be nice aswell
"There's a sucker born every minute" - P.T. Barnum
  • #123
  • Jan 22, 2014 9:36am Jan 22, 2014 9:36am
Sorry Proxy, as soon as you said 95% win rate then you said you cannot lose I got somewhat interested lol. This sort of thing can be traded as well as magix threadbut ideally you need 2 accounts and blend them together,
I just stuck 3 trades in Simple Strategy room this was compounding plus an easy entry system, its just following the big boys, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #124
  • Jan 22, 2014 9:38am Jan 22, 2014 9:38am
Quoting Proximus
{quote} Depends, how you define serious.The name of the thread says "gambling" and "no edge", and because of this it should be treated as such. It is not much better than a roulette or a slot-machine.But still i am trying to make the odds better. In the long term it will definitely lose you more cash than you make, so its not good to use it for a long time.But in the short term, it can make money, preferably make you more money than you need and can quit trading after. But at the end it all comes down to luck, nothing more, and only luck will separate...

Well aslong as your having fun, hopefully learning something and not losing too much money, then it's all good!!

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #125
  • Jan 22, 2014 9:40am Jan 22, 2014 9:40am
Quoting billytt
Sorry Proxy, as soon as you said 95% win rate then you said you cannot lose I got somewhat interested lol. This sort of thing can be traded as well as magix threadbut ideally you need 2 accounts and blend them together, I just stuck 3 trades in Simple Strategy room this was compounding plus an easy entry system, its just following the big boys, be good

99.99% but it's risking everything almost, cause he has got a far out SL, not to sure how far out.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #126
  • Jan 22, 2014 9:41am Jan 22, 2014 9:41am
Quoting Turveyd
{quote} 99.99% but it's risking everything almost, cause he has got a far out SL, not to sure how far out.
lol what 4.99%. its like martingale 100% win rate
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #127
  • Jan 22, 2014 9:43am Jan 22, 2014 9:43am
Quoting billytt
Sorry Proxy, as soon as you said 95% win rate then you said you cannot lose I got somewhat interested lol. This sort of thing can be traded as well as magix threadbut ideally you need 2 accounts and blend them together, I just stuck 3 trades in Simple Strategy room this was compounding plus an easy entry system, its just following the big boys, be good
I never said you cannot lose, but the chance of a loss is very tiny, yet 1 loss can wipe out the entire account.

I thought thats obvious, because we are stopping only at a margin call, which is 95% of the account lost.

Even the chances are tiny, it can happen, but hopefully we get rich before that.

I also suggested to withdraw money frequently, but only the profits, not the initial account.

With these methods its safer, but the odds are still 50-50, hopefully with the AUD it will be better.

Its a gambling system.
"There's a sucker born every minute" - P.T. Barnum
  • #128
  • Jan 22, 2014 9:44am Jan 22, 2014 9:44am
Quoting billytt
{quote} lol what 4.99%. its like martingale 100% win rate

Sadly never a 100% cause then it would work, it's the 0.01% which sooner or later will catch you out every time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #129
  • Jan 22, 2014 9:46am Jan 22, 2014 9:46am
Quoting Proximus
{quote} I never said you cannot lose, but the chance of a loss is very tiny, yet 1 loss can wipe out the entire account. I thought thats obvious, because we are stopping only at a margin call, which is 95% of the account lost. Even the chances are tiny, it can happen, but hopefully we get rich before that. I also suggested to withdraw money frequently, but only the profits, not the initial account. With these methods its safer, but the odds are still 50-50, hopefully with the AUD it will be better. Its a gambling system.
I agree but you state odds so surely this isn't gambling. Seriously , you are spending lots of time on a gambling strategy when infact you should be trading properly. But hey ho you are keeping the FF myths alive
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #130
  • Jan 22, 2014 9:52am Jan 22, 2014 9:52am
Quoting billytt
{quote} I agree but you state odds so surely this isn't gambling. Seriously , you are spending lots of time on a gambling strategy when infact you should be trading properly. But hey ho you are keeping the FF myths alive


In fact I'd say he should be learning properly as before one starts trading he gotta know how to trade...
The single most important factor is having control of your own life.
  • #131
  • Jan 22, 2014 9:52am Jan 22, 2014 9:52am
Quoting billytt
{quote} I agree but you state odds so surely this isn't gambling. Seriously , you are spending lots of time on a gambling strategy when infact you should be trading properly. But hey ho you are keeping the FF myths alive

He's having fun, messing with code and stuff, leave him be.

Suspect he's after a quick turn nothing into something account booster, some times you've got to go high risk and take your chances.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #132
  • Jan 22, 2014 9:54am Jan 22, 2014 9:54am
But then again trading (normally) can be regarded as a gamble. Proxy, why do you not just trade off that boob pattern use a massive stop loss or none at all and double up on any loss and to be more excentric compound the winnings or a percentage, This is a good way
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #133
  • Jan 22, 2014 9:57am Jan 22, 2014 9:57am
Quoting billytt
But then again trading (normally) can be regarded as a gamble. Proxy, why do you not just trade off that boob pattern use a massive stop loss or none at all and double up on any loss and to be more excentric compound the winnings or a percentage, This is a good way

MT4 is lacking a boob pattern indicator strangely!!

Doubling up, is martingaling then you can't take as big a move against you so it'll just be over quicker!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #134
  • Jan 22, 2014 10:04am Jan 22, 2014 10:04am
Quoting Turveyd
{quote} MT4 is lacking a boob pattern indicator strangely!! Doubling up, is martingaling then you can't take as big a move against you so it'll just be over quicker!

Martingale is solely for idiots, I did say doubling up to keep it easy, The big boys adjust their trade sizes it is standard practise.
it is also useful to have a massive bank roll so you can play the game properly. Get into a trade and if it doesn't go according to plan a good trader can with the right experience can trade it back to good.
it also helps to have an extensive statistic bank and play some decent music
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #135
  • Jan 22, 2014 10:32am Jan 22, 2014 10:32am
Quoting billytt
{quote} Martingale is solely for idiots, I did say doubling up to keep it easy,

I am consistently AMAZED with people that have zero information or relevant data posting opinions as they are authority.

You picked a good place for this talk, billy.

But again...bad form.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #136
  • Jan 22, 2014 10:33am Jan 22, 2014 10:33am
Quoting Magix
{quote} I am consistently AMAZED with people that have zero information or relevant data posting opinions as they are authority. You picked a good place for this talk, billy. But again...bad form.
explain please
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #137
  • Jan 22, 2014 10:43am Jan 22, 2014 10:43am
Times up,,, I have seen throughout my life many times where people take a loss whether it be horse racing, tennis ,roulette etc you name it , they then double up on another race etc, this is MARTINGALE, the odds are stacked against you.
If you have a good trading method with a good profitable strike rate it is ok to double up or add in to, this is not Martingale
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #138
  • Jan 22, 2014 10:49am Jan 22, 2014 10:49am
Quoting billytt
{quote} explain please
I mean...

Rather than actually add to content, you side with popularity on a subject that you can neither quantify nor statically prove.

Thus, the spread of misinformation on this site, spreads like WILDFIRE!

Your words, much like this thread are completely out of context.

Martingaling is a valid and profitable system, but must have restrictions and is only viable during certain market criteria.

But like the thread title...yours is another blind sweeping general statement, without merit, to be included with the popular kids.

Again, since this thread is based loosely on colored bubbles, you can actually go on with another baseless claim.

Keep up the good work!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #139
  • Jan 22, 2014 10:55am Jan 22, 2014 10:55am
Quoting Magix
{quote} I mean... Rather than actually add to content, you side with popularity on a subject that you can neither quantify nor statically prove. Thus, the spread of misinformation on this site, spreads like WILDFIRE! Your words, much like this thread are completely out of context. Martingaling is a valid and profitable system, but must have restrictions and is only viable during certain market criteria. But like the thread title...yours is another blind sweeping general statement, without merit, to be included with the popular kids. Again, since...
we actually do have the same idea regarding martingale, but perhaps we will never see eye to eye do to you not being a trader.
Some things need not be explained due to being basic but I do try to show people to open their minds to a different approach to trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #140
  • Jan 22, 2014 11:03am Jan 22, 2014 11:03am
Quoting Magix
{quote} I am consistently AMAZED with people that have zero information or relevant data posting opinions as they are authority.
Quoting Magix
Rather than actually add to content, you side with popularity on a subject that you can neither quantify nor statically prove. Thus, the spread of misinformation on this site, spreads like WILDFIRE!
Quoting Magix
Martingaling is a valid and profitable system, but must have restrictions and is only viable during certain market criteria.
Pretty much what I was saying many times here...

P.S. Never thought I share some ideas with Magix...
The single most important factor is having control of your own life.
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