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#101 31-05-2019 10:04:50

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2592
Website

Re: AWESOME: New forex hedging strategy! (ver. 2.0)

blonde wrote:

In the above case there are a few blurred scenarios when the 0.1 positions's SL is triggered and second order of 0.2 at $1.1020 is not triggered as price reverted at first orders SL at $1.1021:
Scenario-1) Price go up and keep going up from current price and will bypass the $1.1050 price (where we have 0.2 sell limit order), in this case, the Sell-limit order will not be triggered (as the price will not fall back to $1.1050 to trigger the sell-limit), and price keep going up and up it reaches e.g. $1.1100 and still going up.
This is one case that I believe that cause strategy to fail unless you have some secrets in your sleeve that you didn't give us before? wink
Could you give us the full strategy?

- Also, could you find us a grid strategy? Could you mix these hedges and martingale and grid and make the next generation of this strategy? as you are the current King of the hedging strategies smile I'm seeking your valuable advice, please?

- Could you answer faster? I was checking this forum for more than a week waiting for your valuable answer.

(EDITED on 25 June 2019): In my example, when the price descends and hits the stop loss but misses the Sell Stop order and turns around and heads back upwards, this is what happens: the price will either go down again and trigger our original Sell Stop position, OR, it will go upwards and trigger a new Buy stop position that we've just set up (once we've realised the sell stop might not be hit). Price cannot "bypass" the $1.1050 point on its way up, it has to trigger it - the only way it can bypass the $1.1050 Buy stop position is if the market closes on Friday night right below it and opens up above it on Monday. 

As for a grid strategy, I admitedly have zero experience or knowledge of "grid strategies, so I'm unfortunately no help in this department.

I'll do my best to answer faster, but as I travel a lot I sometimes don't have the unlimited internet access that I used to - I'll do my best wink   Have a great weekend (and stay out of the markets today if you can, yesterday was a bank holiday in Europe and today will be slow and "in a range" more than usual.


"Anything worth having is worth going for - all the way." - J.R. Ewing

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#102 21-06-2019 04:56:57

blonde
Member
From: Europe
Registered: 23-09-2017
Posts: 4

Re: AWESOME: New forex hedging strategy! (ver. 2.0)

Hi John,


Thanks for the clarification of my previous question. smile In your example, you mentioned we take 'the $1.1050 Sell Limit position', what will lead us to select the sell limit over buy stop order? What if we take the sell-limit but the price continues to rise? Or what if we took the buy-stop and price continues to fall after hitting the order? Could you explain how and in what price level, what we should do, in the case being on the wrong side of the market happen in the row?

Best regards

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#103 25-06-2019 18:28:24

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2592
Website

Re: AWESOME: New forex hedging strategy! (ver. 2.0)

blonde wrote:

In your example, you mentioned we take 'the $1.1050 Sell Limit position', what will lead us to select the sell limit over buy stop order?

Oups, sorry that was incorrect on my part and inconsistent with the strategy - thanks for pointing it out! (I've edited my previous post accordingly in order to not confuse people as well as the text in the strategy page)

The new $1.1050 position would indeed be a buy stop position and NOT a sell limit position, so the price will have to either trigger the original sell stop .2 lot position or the new .2 lot buy stop position. Once one of them is triggered, delete the other one, and set up your next pending position accordingly...


"Anything worth having is worth going for - all the way." - J.R. Ewing

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