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Views:: 7792
Rating:: (12)
Published:: 2019.11.13 08:02

CoinToss.mq5 (2.01 KB) view

DeleteObjects.mq5 (0.05 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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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Coin Toss Trading - script for MetaTrader 5