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Forex "Random Entry Trader Exit" trading simulation

Discussion in 'Forex Forum' started by k6chris, Apr 25, 2016.

  1. k6chris

    k6chris Guest

    One interesting thing to think about is the impact on profitability that might come from simply managing open trades effectively. There is a lot of discussion about entry strategies but seemingly less about when to exit a trade? One of the areas the research I am involved in (see other threads) is looking at is the question of whether you could develop a profitable strategy simple based on the exit of randomly entered trades? To help examine the effectiveness of this approach we have created a 'serious game' that allows a trader to try doing this, in a non-trading environment. The game, "Pip Farmer", involves the player planting seeds that will then grow into either weeds or flowers, which can be cropped to generate a positive or negative score proportionate to the size of the flower/weed at the time. The growth of the flower/weed is driven by randomly selected historic 1 minute FX data and might be a long or short trade (again random). Planting the seed costs 2 points (simulating the trading cost of a spread). Players can try scalping approaches (crop flower when small) or letting winners run and cutting losers short. If a trader (player) can develop a winning strategy in the game it might be likely that approach would improve profitability in live trading. You can play the game online at the link below (Firefox browser works well, Chrome requires a plug-in) or you can download the game, for off-line play, via the same site.


    http://www.retailfxtrader.com/play-pip-farmer.html
    You get statistics after you have played the game. There is also the ability to send an e-mail which contains some summary data about the approach a player has taken and it would help our research greatly if you would sent the e-mail generated after you have played the game a few times. All feedback welcome, either via e-mail or on this forum.


    Thanks - Chris

    Source.
     

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