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#81 29-08-2012 14:54:18

anuj20jain_India
Member
Registered: 11-10-2011
Posts: 22

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

IT soesnt work even on USD/JPY

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#82 10-09-2012 12:19:45

kasapreko
Member
Registered: 10-09-2012
Posts: 1

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

isn't anyone still using thing method or ea anymore? still working well?

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#83 11-09-2012 07:38:45

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2831
Website

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

kasapreko wrote:

isn't anyone still using thing method or ea anymore? still working well?

I'm currently testing a new, simpler version of the strategy where I close out the trade after the 3 stop loss has been hit, this allows me to completely eliminate the risk of catastrophe, and I can start out with much larger trades. I still need to test it for a few weeks to confirm that this is a good strategy, will keep u posted!

As for the EA, I'll have to get back to you, a friend of mine is testing it but he changed the parameters to 100 pip SL/TP.


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

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#84 16-09-2012 07:14:52

anuj20jain_India
Member
Registered: 11-10-2011
Posts: 22

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

Hey John,
Yes, do keep posted us...but i still wonder if going for higher lots after 3 SL would also fall in a range then this also goes for a toss...

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#85 16-09-2012 13:28:29

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2831
Website

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

anuj20jain_India wrote:

Hey John,
Yes, do keep posted us...but i still wonder if going for higher lots after 3 SL would also fall in a range then this also goes for a toss...

I'm actually doing the opposite, instead of starting out with .01 lots and going up to 9 positions, I'm starting out with .07 sized lots and fulling giving up on this trade once the 3rd SL has been hit. When that happens I no longer trade until the next trading day where I start all over again with a .07 sized lot.


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

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#86 20-09-2012 08:15:43

anuj20jain_India
Member
Registered: 11-10-2011
Posts: 22

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

If for the next 4 days again you keep hitting stop loss then that would blow up your account.

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#87 20-09-2012 14:27:09

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2831
Website

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

anuj20jain_India wrote:

If for the next 4 days again you keep hitting stop loss then that would blow up your account.

Using .07/.14/.28 positions sizes and during 5 days of nothing but stop losses, my account would not blow up. My account is a 5000 account:
Day 1: SL1=17, SL2=34, SL3=68, total loss of day = 17+34+68=119
Day 2: SL1=17, SL2=34, SL3=68, total loss of day = 119
Day 3: SL1=17, SL2=34, SL3=68, total loss of day = 119
etc...
After 5 days of hitting 3 SL each day, I lose 595 (just 12% of my account).


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

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#88 21-09-2012 05:55:53

anuj20jain_India
Member
Registered: 11-10-2011
Posts: 22

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

After Loosing 12% in 5 days, what will be the winning position on sixth day ?

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#89 21-09-2012 18:00:08

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2831
Website

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

On sixth day, you just start out with a .07 position (per my example), so your profit would be 17 when the TP is hit.


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

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#90 20-10-2012 11:52:53

dedoctor
Member
Registered: 20-10-2012
Posts: 1

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

Admin, your system look promising but pls when are you releasing v3 ? So that I can add to my system. First, if a trader can identify the current trend, then the less risk.

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