Random Entry System

[b4gt 10]

I haven't read the whole thread so I am sorry if what I am posting is not consistent with the thread.

 

I did an experiment in Forex. I made an expert advisor for Metatrader. It's job was to see if current bar was 20 pips or less. If it was then it would enter pending orders 2 pips above and below that current bar. Stop loss 20 pips and take profit 40 pips. The pair was irrelevant and so was the Average Daily Range, the pip value, the spread and anything else to do with Price Action or indicators. I would wake up every morning at 4:00 GMT and run that Expert over 28 pairs. At that time we were still in Asian session so there would be at least 4-5 daily bars under 20 pips. My expert would take them all as long as the bar height was under 20 pips. So you could say that my entry was pretty random.

 

During the first 3 days there was not a single day closing in green so I tried different numbers. SL = 40 pips, TP = 20 pips. SL = TP = 20 pips. Needless to say still failed within the first 3 days so I abandoned the random entry theory all together.