DislikedVery good point, I overlooked this. Lets put down a rule then that says the trader must open every trade with TP and SP = 20.Ignored
In theory you can say that markets are random and each trade has a 50-50 chance of winning.
But then you are not considering a lot of things, like trending, sl/tp, trader sentiment etc.
I have made a few quick analysis on my testing platform. I used some EA and will show you the result. I mean, it was quick, I used quick point reference etc, it should not be considered for trading. But, I think it will prove a point.
I used the same timeframe for all trades 4h, same currency eurusd, same data, from 2000 till 2010 so it will have seen all markets, bull, bear, panic, sideways etc.
1st chart is the MACD that comes standard with MT4
2nd chart is same MACD EA with 20/20 tp/sl
3rd chart is a random EA that opens position at random, with random sl/tp and lots.
4th chart is an EA that I developed based upon moon declination and very specific rules. And I need to add that in this mode it doesn't open many trades.
So decide for yourself.