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Stocks Universal strategy works on almost any random outcomes

Discussion in 'Stock Market Forum' started by cluedupcity, Jul 16, 2020.

  1. cluedupcity

    cluedupcity Active Member

    Joined:
    Jul 6, 2017
    Likes:
    36
    Location:
    U.S.
    Just applied my baccarat strategy to ftse 100 (but could be any market) started to check results from a year ago, historical open/close prices, got through checking 26 days, not betting everyday, would have won 8 days and lost 1, total points gained = 443 and 1 loss could have a 20 points stop loss or hold open the position there are options. But say taking a -20 loss on that one day, still a 423+ points profit at whatever £ per point.

    My strategy will work on any market including forex.
     
    Last edited: Jul 16, 2020
  2. Bago

    Bago Well-Known Member

    Joined:
    Jun 16, 2017
    Likes:
    326
    Location:
    Mars
    Footsie like any other indexes are not random since over the long run they are rising, therefore there is a bias, it's not "50/50" like Roulette or Baccarat.
    Forex is another story, especially if you are trading short term, yes it's random, for the next hours you have taken a position, there is 50/50 chance the EURUSD will climb, like it can fall.

    And before getting excited because you won 8 times and lost 1 time which is unsignificant (like Roulette, there are losing systems that shows a profit after MANY spins played), test your idea over the long run in demo mode or code a robot, but frankly, with what I've learned, if you are not taking into account the fundamentals, and the technical analysis (especially the long term levels: support/resistance/trend lines), you have no chance of getting an edge.
     
    Last edited: Aug 13, 2020

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