Ksat

Hey, what about time? I mean, when do you toss the coin? You can have a rule on that.. things like '30 minutes after London open'. Or something like 'after ADX turned up". Personally, I had the idea of random entries with SL at 1.5 ATR and take profit at 2.5 ATR (but never actualize it). This in demo, to compare that performance to the one of real trading, to get a measure of how one eventually mess up things :crap: I think you have to take all your responsibilities, and choosing the entry is one of them. That's why I was interested in comparing to random entries. I'm sure many people will be better off with them - but you want being better than many people right? Oh ya, another possibility is trading with the trend and let the random variable to timing. By the way, of course managing trades is the main thing and a random entry can be a good stratagem in order to focus on that (as people tend to focus on entries instead). Again, I'm talking about exercises.

Sorry, but giving some value to three months of performance means having no idea of the role of random. Three months with a big trend and trendfollowers are up, then it's somebody else turn. Also, remember that success brings more confidence, and more confidence brings ruin. One year would be somehow indicative, and still far too weak an information. Statistically, in a large number of dumb traders you have some lucky ones that perform well for lengths of time that look amazing, Most of those who made money in the quarter, will end the year as losers. Most of those who make money in the year, they'll lose the following one. The Pareto distribution is inbuilt in any business - and possibly in nature in general - and if financial markets are an exception, they are for an excess of failures, not success (as it is known since long). Anyway, the news on Oanda is interesting ideed. These guys make no ads but think, and the ads comes for free.