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I saw this posted somewhere and wanted to get feedback on the mathematics of it:
1. Get on a sim in your market and set up a simple fixed bracket order (ie: 8 tick gain, 4 tick stop)
2. Flip a coin for your entry - Heads/Long, Tails/Short
3. After the trade exits, wait 30 seconds, do it again
4. Take 50 trades
5. Repeat exercise a few times (in a different market if you want)
The expectancy in your results just might surprise you.
(If you want to see something really powerful, use the same approach but use 2 contracts and have one scale out at 4 ticks. When you look at your expectancy now, remember that this is with a completely random entry.)
The unstated suggestion here is that the above would be profitable long term. True or not?
Can you help answer these questions from other members on NexusFi?
