razorboy wrote:Don't "yell" at me for this question, but figured it was worth asking? Has anyone experimented with simply using "random" entries with tight SL's and trailing stops?
By random I assume you are referring to direction?
Some time ago I was using set patterns as a template for trading.
I would trade from the open price on the open of every time interval in a GO LONG, GO SHORT, GO LONG pattern.
This hour I am *coin flip* xxxxish!
What do you mean by tight SL?
The tighter your SL the more likely it is that you exist only to offer
other traders a better price to enter.
Stops are for risking a set amount of your account; once you place them do not move them.
Why would you use even a 10 pip trailing stop? You might as well count out $1,000 and just throw it in the trash...
Best price to enter --> best price to exit.
...I think you can do better than a monkey.