10 Mar So Simple It Just Might Work
So Simple It Just Might Work
Mar. 10, 2023
This week we’re looking at three free strategies that haunt me.
I’d love to trade them but I’m too stupid to do it.
The first two dealt with Futures. This one is Fx.
This one is super simple. That’s the beauty of it.
And also the problem with it.
First, the details:
BB 1-Hour Simple Breakout (Old)
Long Entry: When price closes above the Bollinger Bands™ (Length 60, 2.5 std deviations), go Long. Do the opposite for Shorts.
Target: 430 pips
Stop: 240 pips
This is the precursor for the more advanced Master Trend robot. It’s much simpler than Master Trend, as you can see above.
Here’s the hypothetical Report trading 1 lot each time:
Here’s the curve:
It moves up nicely from left to right, despite it being so basic.
However, it’s the simplicity that makes it robust. Because it has no tricks, it will definitely work during trends.
But it also has no tricks to keep it out of drawdowns. As a result, it will definitely not work during twitchiness.
I love the robustness of such a simple system. The drawdowns are too tough for me to handle, though.
What a weakling.
But I wonder if this could be combined with other simple robots?
Wouldn’t that kind of be the holy grail?
Simple robust systems all working together to create profit and eliminate drawdown without optimizing tricks?
Talk to you soon.
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It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.