Ep. 544: Serenity with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Coin Flip Entry Method Experiment
I think it's a fantastic story. I have to salute that 100%. Sure. And he has another question that I thought was great too. In my study, I just said, okay, let's flip a coin random number generator at the end of the day. As soon as that position's put in place, you take a simple range breakout strategy and if it's a sell, I put it into a buy stop. If it's a buy, I move it in the same direction as the trade goes. So you're truly just letting the trade run as long as you can until it hits the stop and then flipping the coin again. What I found when I did that was over
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