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myRandom
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[QUOTE="tonynz, post: 23762, member: 13481"] Hello there, Thankyou, this is very interesting. I have been trading Forex for about an year now, and I can say that most of the time the Market is random due to News events, natural disasters, wars etc... But the market can only go in 3 directions: 1)Ranging 2)Up 3)Down When it goes Up or Down, it doesn't go in a straight line, but only in Fibonacci retracements. This is the only pattern that I see in Forex. So the fact that you use a random entry period, is a very good idea to work with the Fib tracements. Anyhow, with the myRandom ea suing default settings., if it opens 5 trades a month, there is only 1/6 chances 16% of chance you can loose, and 84% of chance of making a profit- ranging from small profits to large profits. Its all about probability. There's so many Eas out there that try to trade according to some pattern and most of them don't even reach 90% success rate- and there is no gurantee that is will continue to work in future market conditions. This is worry- better to change something that is random, which will work in all market conditions. Like throwing a dice, how many times will 6 come up? or 1 come up? Thanks alot :-) Tony [/QUOTE]
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