I will use this thread to trade coin flips. I, myself, do NOT trade in this manner. So, this is merely for "research". I could have backtested the strategy but this way seems more fun. So here it is.
I will buy/sell NF futures based on the coin flip at 9:20 and square off at 3:25. I will use 2 coin flips and make decisions based on the following outcome:
1.HH - Buy
2.HT - Buy
3.TH - Sell
4.TT - Flip again.
I have used 2 coins instead of 1 because I wanted more NF Buy calls than NF sell calls (since we are in a bull market). Thus, on an average, 67% of the time I'd be buying NF and selling NF 33% of the time. Only on RARE occasions will I exercise my judgement and not follow the coin toss.
And for today, it's HT - so Buy. The high of 9:20 bar for Sep-NF is 8113.5.
So the position for today is LONG @ 8113.5
I will buy/sell NF futures based on the coin flip at 9:20 and square off at 3:25. I will use 2 coin flips and make decisions based on the following outcome:
1.HH - Buy
2.HT - Buy
3.TH - Sell
4.TT - Flip again.
I have used 2 coins instead of 1 because I wanted more NF Buy calls than NF sell calls (since we are in a bull market). Thus, on an average, 67% of the time I'd be buying NF and selling NF 33% of the time. Only on RARE occasions will I exercise my judgement and not follow the coin toss.
And for today, it's HT - so Buy. The high of 9:20 bar for Sep-NF is 8113.5.
So the position for today is LONG @ 8113.5