Let's Try an Experiment

[Mysticforex 13]

Buy @13257 09:30 EST

[Mysticforex 13]

Todays trade has not closed yet. Currently +5 We will close it at 17:00 GMT regardless.

 

For tomorrow we have Attila's flip Tails/ Sell

 

And the last open spot has been taken by TradingWizzard Thurs, 8/01

[Mysticforex 13]

BTW..... Siuya. we have your flip for a sell on Friday, which also happens to be NFP.

This "Non System" has been working so well, should we just be prepared for a poor NFP number ??

[Mysticforex 13]

Trade manually closed at 17:00 GMT +4 pips Tally to date +64 pips.

This was out first trade that was manually closed.

[SIUYA 11]

BTW..... Siuya. we have your flip for a sell on Friday, which also happens to be NFP.

This "Non System" has been working so well, should we just be prepared for a poor NFP number ??

 

No.

but i am sure we can adjust and excuse it after wards if it results in a loss prior to selling the system

[Mysticforex 13]

Sell @13290 09:30 EST.

[Mysticforex 13]

TP @13270 at 09:45 EDT. 7 trades +84 pips.

[TTony 10]

7 trades +84 pips.

 

wow

This time next year we'll be millionaires :rofl:

[Mysticforex 13]

Tomorrow we are doing Jimbo's flip, Tails/Sell.

 

I just received a PM from someone asking if TL was doing a Forex Trading Contest for August. It's a little late to get set up for August but I will set up a 1 month contest for September. I am going to enter my demo acct as "TL" . I am going to flip every trade, one trade a day. When the contest starts, depending on what the acct balance is, I will size the position so that every trade is either a 2% loss or a 2% win.

 

I want some volunteers to do some coin flips. It does not have to be one for every trading day on the month, we will rotate if we have to.

 

If the "Flip" acct wins the contest, ... well, ... well, ... well I think I would be speechless.

[SIUYA 11]

The dartboard often wins or does well in many trading competitions.

[MightyMouse 12]

Tomorrow we are doing Jimbo's flip, Tails/Sell.

 

I just received a PM from someone asking if TL was doing a Forex Trading Contest for August. It's a little late to get set up for August but I will set up a 1 month contest for September. I am going to enter my demo acct as "TL" . I am going to flip every trade, one trade a day. When the contest starts, depending on what the acct balance is, I will size the position so that every trade is either a 2% loss or a 2% win.

 

I want some volunteers to do some coin flips. It does not have to be one for every trading day on the month, we will rotate if we have to.

 

If the "Flip" acct wins the contest, ... well, ... well, ... well I think I would be speechless.

Mystic,

 

you need to create an adjacent thread with trader predictions to compare to the random thread.

[TTony 10]

I just received a PM from someone asking if TL was doing a Forex Trading Contest for August. It's a little late to get set up for August but...

 

Is it possible to set it up to start on Monday 5th? Or is that also to late?

It would be interesting to see the performance of the "Flippin' system"

[Mysticforex 13]

Is it possible to set it up to start on Monday 5th? Or is that also to late?

It would be interesting to see the performance of the "Flippin' system"

 

TTony,

 

Thurs 9/5/13 is completely doable

[Mysticforex 13]

Mystic,

 

you need to create an adjacent thread with trader predictions to compare to the random thread.

 

 

I'am all for setting up an adjacent thread but who is going to make the predictions ?

 

I'am thinking a week before the thread starts, let's see who's entered and ask one of them.

 

 

[ Brunehilde ! ( my secretary ) get Goldman Sachs on the phone. see if they have someone they can enter in our contest to compete against us. Oh, and cancel my appointments for the rest of the day. ]

[Mysticforex 13]

Sell @13232 09:30 EST.

[TTony 10]

TTony,

 

Thurs 9/5/13 is completely doable

 

I meant Monday, August 5th .... for August contest.

[Mysticforex 13]

I meant Monday, August 5th .... for August contest.

 

 

Onemove hasset up the contest for August. Here is the Link:

https://fx2.oanda.com/mod_perl/fxcon...contestId=2795

[Mysticforex 13]

Tomorrow's, Thurs flip is from Tradingwizzard. Tails/Sell

[Mysticforex 13]

Sell @13252 09:30 EST.

[Mysticforex 13]

TP @13232 10:00 EST Profit to date: 7 winners ( one with only 4 pips partial profit ) and 1 loser. +104 pips.

 

 

Having never played with Randomness before I find this pretty remarkable.

Who needs a system when I have you guys.

 

Tomorrow's flip belong's to Siuya. Tails/Sell.

Edited August 1, 2013 by Mysticforex

[Patuca 13]

TP @13232 10:00 EST Profit to date: 7 winners ( one with only 4 pips partial profit ) and 1 loser. +104 pips.

 

 

Having never played with Randomness before I find this pretty remarkable.

Who needs a system when I have you guys.

 

Tomorrow's flip belong's to Siuya. Tails/Sell.

i l know of a guy that was profitable using a pendulum. It went left he sold..right he bought or vice/versa..don't remember..

 

Now what might be interesting too is to run the same experiment but use the collective knowledge and experience..skills of the group. Let the group analize and vote on short or long and majority wins for the play ....each day. I know in memory test group memory it much stronger and detailed than individual memory.

[SIUYA 11]

i l know of a guy that was profitable using a pendulum. It went left he sold..right he bought or vice/versa..don't remember..

 

Now what might be interesting too is to run the same experiment but use the collective knowledge and experience..skills of the group. Let the group analize and vote on short or long and majority wins for the play ....each day. I know in memory test group memory it much stronger and detailed than individual memory.

 

wisdom of the crowds and the jelly bean jar.

 

 

.....maybe all of this will tell us is what we already know - we are often the enemy (whoops more physc stuff)

[Mysticforex 13]

Sell @13255 09:30 EST.

[Mysticforex 13]

Stopped out @13275 09:43 EST -20 Pips.

 

10 Trades

2 Loser's -40 Pips.

7 Winners +140 Pips.

1 partial winner +4 Pips.

Total for the 2 week "Experiment", +104 Pips.

 

Onemove has set up a TL forex trading contest for August. I will enter the contest under the name "TL Experiment". I will make 1 trade per day using the same format that we have used here. Sized at 2%

I do need some coin tosses. If you don't specify a date I will insert them where needed.

If I don't have a toss for a particular day, I will make a flip just prior to the entry using a 5 Swiss Franc coin I have.

 

I will continue to post the entries and results here. How we are doing will be reflected in the "Trading Contest" thread.

[onemove 10]

Onemove has set up a TL forex trading contest for August. I will enter the contest under the name "TL Experiment". I will make 1 trade per day using the same format that we have used here. Sized at 2%

 

I will continue to post the entries and results here. How we are doing will be reflected in the "Trading Contest" thread.

 

Thank you Mysticforex for starting this experiment, this is very interesting!

 

The adjacent thread for the "Predict" part of the experiment is to be found here http://www.traderslaboratory.com/forums/forex-trading-laboratory/16994-predict-experiment.html

 

I have a few questions:

1. Are the trades opened at 09:30 EST disregarding ideal entry location?

2. I created a $100,000 account for this experiment - is this the size account you wish to use? I can change it before Sunday so the 2% of the accounts will be similar in size so one is not stopped out prematurely.

3. What size contract are we entering?

 

Additional Question:

4. I was thinking risk:reward=2%:2% - doesn't that mean over the long run our expectancy is breakeven? What about having a 2% risk, but let the trade run until end of the day and not take the 2% target?

 

Thank you!

Edited August 3, 2013 by onemove
added question