It could just be variance.Emtaxx wrote: ↑Tue Apr 29, 2025 9:32 pmIm having a bit of a pickle atm, I started a bot when I first came here and it went really well. Since rhen I have dropped it to peruse other bots and ideas before then combining them all at a later date.
However a current situation Im working on in essence is a scalp bot, it goes well and then a price gets bought and doesn’t buy out off its position and going into the red, no matter what.
It’s a hard question to answer tbh as there’s so many things to consider and also you guys helping me will take away a potential edge from you guys right.. but any ideas on how this can be reduced ?
When you're scalping you're effectively betting at very low odds that the trade will close. Most of the time you will close the trade, for this example let's assume a £1 profit target with a £9 max loss, which with luck alone would average around 90% success rate. Unfortunately until you have traded thousands of markets you can't say with any decent certainty whether your system outperforms chance with an actual success rate closer to 91% and you're onto a winner, or underperforms and only achieves 89% and you're going to lose in the long run. And this is all before you've covered 2% commission which makes it much harder.
