I know this has been tried a few times but i want to try my own version of this "system" so here we go:
I'll use EUR/USD for this test, a fixed 23 pips stop loss (20+ spread) and a 69 pips profit target (3*23).
IMHO this kind of "strategy" that relies just on a good risk/reward ratio can be profitable only if we have a strong momentum so my plan is to flip a coin every day just 2 minutes before important news.
The test will be conducted on a live account using 1 mini lot (1$/pip).
I will post here every trade i'll take.
I will stop after 100 trades to analyse the results.
First trade tomorrow just before Core CPI release.
I'll use EUR/USD for this test, a fixed 23 pips stop loss (20+ spread) and a 69 pips profit target (3*23).
IMHO this kind of "strategy" that relies just on a good risk/reward ratio can be profitable only if we have a strong momentum so my plan is to flip a coin every day just 2 minutes before important news.
The test will be conducted on a live account using 1 mini lot (1$/pip).
I will post here every trade i'll take.
I will stop after 100 trades to analyse the results.
First trade tomorrow just before Core CPI release.