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Codes. On the name. To prove this point, assuming that you executed all the trades the system signaled, there will be four types of outcomes: Small winners Large winners Small losses (which will happen in any system and are costs of doing trading business) Large losses (which be in the small losses category since you use a stop loss) If you sum those up, what happens is the small winners and the small losses will balance each other out, and youre mostly left with the large winners.
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