I’m thinking of a method that doesn’t cut losses & losing big on a coin toss [Kirisato Yuu]
Coin Toss Trade Results Announcement 11/18 (Mon) - 11/22 (Fri)
【Verification Rules】Coin Toss Trade
■ Currency pair: GBP/JPY
■ Trading rules:
- If heads appears, buy; if tails appears, sell
- Take profit at +60 pips, stop loss at −50 pips via OCO
- Entries around 15:00–16:00
Last week's Coin Toss Trade didn’t go perfectly, but I did take quite a few losses. It happens.
November 18 (Mon)
Sell → ×
November 19 (Tue)
Sell → ○
November 20 (Wed)
Sell → ×
November 21 (Thu)
Buy → ×
November 22 (Fri)
Buy → ×
With this, 92 wins and 96 losses for +720 pips! We’ve processed 188 trades so far!
Only 12 trades left to 200 trades. If I suffer 12 consecutive losses from here, that would be −200 pips. That means, as of now, a result of at least +120 pips is guaranteed ♪
Missed Entry Opportunity Due to Oversleeping
【23:00 Heikin-Ashi Trade】
【Trading Rules】23:00 Heikin-Ashi Trade
■ Currency pair: EUR/USD
■ Time frame: 1-hour chart
■ Trading rules:
- Open EUR/USD chart at 23:00 and enter only if the 22:00 hourly Heikin-Ashi shows a reversal
- If a bearish candle then bullish candle, buy; if bullish candle then bearish candle, sell
- Take profit at +100 pips, stop loss at −50 pips via OCO
- Maximum one long and one short position each; do not hold multiple positions in the same direction
■ Backtesting results over the past two years show a clean upward trend
I still hold the buy position from November 14! When I checked the P/L, I was close to a +100 pips profit but couldn’t reach it, which is frustrating.
As expected, once you place an OCO order, it’s healthier not to look at it. It avoids unnecessary regret like this time.
On November 21 (evening), I dozed off a little and woke at 23:02. Checking the chart immediately, there was a setup for a sell. I missed entering, but there’s nothing I can do about it.
Bonus
I’m thinking of starting a new style that doesn’t involve stopping losses, so I retrieved this book from my parents’ house to remind myself.
There were indeed some helpful parts.
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Yu Kizato (Kizato Yu) Profile
About 10 years of FX experience. No fine-grained technical analysis; aims for profits through probability theory and psychology. Also uses swap carry to grow steadily. A free-spirited person who loves spirituality and music. Based in Tokyo.
Official site:Yu Kizato’s Swap FX Life
Twitter:https://twitter.com/KizatoFX
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