NICE ONE SIR , I LIKED IT

cajuncailloux wrote:

Hello, and thank you to propose your hedging strategies, very definitly. However, I have a question:



The second basis or price reached the 1.4280, I have the impression that there is a small error in the limittes orders, cut the martingale while he as not take profit. for me, I would have placed B12 S1, then after, S24 b1 to take profit in sell, volume 24, at price 0.4260 ?

           Or i have not understood? Thank you

Hi Cajunrock. I just checked the graphic, after staring at it for 5 minutes I concluded...you're right! After the blue S6 order hits the stop a B12 order is placed at 1.4280, followed by a S24 order at 1.4270, with the blue order becoming profitable when the price hits 1.4260.

Thanks for pointing this out :)

EDIT: I have now fixed the above graphic, it is now 100% correct!

Hey, sorry I missed your post (better late than never!).

In theory, I would prefer this new double martingale strategy as you're always picking up pips no matter which way the market goes. In practice, though, I don't use it as you have to constantly juggle with 6 orders at a time (1 buy + 1 SL + 1 TP, 1 sell + 1 SL + 1 TP). If you end up getting into a highly volatile situation (such as during a news release) it could be quite difficult to keep up with all of the orders you need to place. For now, I stick to the second hedging/martingale strategy I describe here.

Also, I probably should have used the word "variation" instead of "variant" in my post! (that's what happens when you translate stuff from French without reading it over!)