Larry Williams Inspired Trading Strategy Wins 10 / 10 Trades (Seriously!)

[@Pranjal_Das]

thank you for all your knowledge and wisdom, you have changed my life

[@davidgalea430]

Has it been tested on other forex pairs and what was the success rate

[@stephentaylor2119]

I just managed 98 wins in a row, using 3 SMAs best ever was 1 loss in 890 trades, Pity that was on a demo

[@law.of.assumption]

That great Stephen. Mind sharing the strategy I am curious about it. Will even trade it on my real account and give you some feedback.

[@dsper1]

dont mistake your dreams to be real lol

[@wayneflint8077]

Did RSI set at 2 with the midline make a difference to profit. Jarrod????

[@beyondthemoonexploration]

just backtested it ...sadly is BIG no! has literally no logic behind . sometime the 8th trading day is on the pick of a retracement and is a losing trade, some others with a 350 FIXED SL is taken out the same day. sorry maybe is me ,I just do not get it

[@jaybee9054]

Nicely done.. though I believe in statistics the “rule of thumb” is that you need at leat 30 data points to conduct significant statistics 🙃

[@exceptionallymaybe]

At least 64

[@costacarta]

When you say you have to be in the trade for a minimum seven days is that seven trading days or seven actual days?

[@markhields8203]

He means trading days …most strategies exclude weekends

[@StillChrist]

Win rate is only one statistic, and a weak one, unless matched with a couple other stats to describe whats going on. For example, a win rate of 40% can be excellent when matched with a 2:1 win-to-loss ratio, or better. Profit factor is a better stat to tout if you only had one stat for a headline, assuming you had at least 100 data points with a few losses mixed in. Without any losses a better description is what was your average payoff, in percentages, compared to your average risk per trade, in percentages. 10 out of 10 is only significant if your R:R ratio was at least 1:1 or better. Also, never describe income in terms of dollars or even pips. Income is about percentages over time versus average drawdown, again, in percentages.. Larry risked 30% of capital per trade during his contest win. His daughter risked 10% capital per trade during her contest win. But Larry admits that 3-5% risk is more normal for him, while 1-2% is more normal for most.

[@charismapowerdotcom]

Yes You are Right !!!

[@WentylSk8]

This strategy really seems like going too far in data mining which some say Larry was guilty of. Although it may work in the future it can also break down completely. Wouldn't trust it unless having a huge portfolio of systems.

[@johnsmith-qc8ud]

Why do you always emphasize the win rate? Leave that practice to those scam backtesting channels. Be serious, average_trade = win% * avg_win + (1 - win%) * avg_loss. win rate is useless without avg_win/avg_loss info.

[@antigabut5878]

350 pips stop loss was a too huge, we might get margin call first before reach that SL

[@el-sig2249]

Simple solution: use a small position size.

[@stponyt]

you think 10 trades is suffice? lol

[@wayneflint8077]

True 10 trades are not enough. But, but, but he says that doesn't he. Over a longer time frame it most likely fail. All my 100% winners did. Unfortunately, you don't get clicks unless you address the market lunacy of the magic 100% W/R. There is no holy grail and I'm pretty sure he knows that. He has been telling me so for 15 mths. So far, he has been correct.