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Infinite trading strategies. Where's the end?

  • #61
  • Aug 18, 2011 12:42pm Aug 18, 2011 12:42pm
Quoting FX-Petra
Glad to see that you have seen the light!! Now go forth and tell others. Friends don't let friends flush their money down the toilet. The Blinding Light of Fast Money Forex has struck down so, so many. If I were not so stubbornly obstinate and abhorant of failure, I myself would have slumped away years ago in defeat. I have paid a high price for a 5+ years learning curve, both in money and in human terms. But I was stubborn and proud, and although I was encouraged by other traders, no one spelled it out for me in plain, simple terms.... as...
Clearly, our individual psychology and the markets are against us from the start.

Thanks for the in site Petra!
  • #62
  • Last Post: Aug 16, 2016 7:31pm Aug 16, 2016 7:31pm
Hey guys, the strategy described here actually may work - with some modifications and money management rules, and I've made >150% on real money for 2 years, and was 'lucky' to take profit away before crash - this is the trick. Also confirmed by Backtesting which shows straight line up until big crash - which you shouldn't wait. It works even better if you are placing high probability back-tested mean reversion rather than random trades.

The drawdown is huge 70-80%, Sharpe is horrible - this is why the position should be small. Buy, with huge stop and small profit target which will be hit in 90% of cases, accumulate small profits and remember - the big crash will come sooner or later.
so, gradually decrease position size and then actually take away your initial deposit leaving some profits to ride this strategy forever.

Simplicity and stupidity of this strategy actually make it work in a long term in FX - because it is almost guaranteed that within 50 years the Gbpusd will hit 1.35 - if you are patient enough to wait this long.
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