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Coin Toss Trading - script for MetaTrader 5

Mokara

Views:
1725
Rating:
votes: 7
Published:
2019.11.13 08:02

ASSUMPTIONS

  • Market conditions are indeterminable. Billions of factors are affecting market in different ways.
  • At any instant evenly spaced upward or downward movements have same probability of occurence like in coin toss game.
USAGE

  • Double-Click or Drag-Drop on an active chart.
  • Script opens a buy or sell order randomly. 
  • Volume and Exit Levels are determined by user inputs.
  • Use DeleteObjects to clear setup lines after closing order.

HOW TO WIN IN A TWO PROBABILITY GAME

  • Open order randomly. In equally spaced TP and SL you have 50% wining probability.
  • Until hitting SL, you will have chances to close order with smaller profits unless unluckily you catched the top/bottom.
  • To increase winning probability SL range should be greater than TP range.
  • In short term count of wins will be more than losses. In long term they will be equal. (Zero Sum Game)

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