hello,

i've a strategy but it still unperfect

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Rules
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buy and sell on daily open price everday...
i suggest to put hedge position at -15 loss position
for example
close price : 1.1900
so it will open buy at 1.1902 (spread : 2) (order #1)
open sell at 1.1900 (order #2)

then the price raises to 1.1915
it will open buy position at 1.1915 to lock the Order #2

the best scenario is eurusd still raise until closed at 1.2000
i will get 85 pips (the position wil force-closed every 00:00). with locked loss -15, so it gives 70 pips profit.

the second scenario is
the price moves up to 1.2000 then fall to 1.1800,
i suggest to use trailing stop/stepping take profit (profit 30 lock 15, profit 60 lock 45)..
it will gives about 85 from buy position and 100 pips from sell position, minus 2x -15 = 185-30 pips = 155 pips (in a day).

the worst scenario, is the price ranging at 1.1915
if i use an EA, it will open-close-open-close that will cost huge spread. i wonder if there any technique to solve that.

notes: if the hedge position was opened, then the price reverse, it will be closed, and if the price reverse again, it will openede again.
basicly, i want to lock -15 pips loss by hedge it.

basicly, i want to loss around 15-30 pips only... but i will get a huge loss from spread.

any suggestion ?

thank you

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23 feb 06
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attached pic,
open buy** & sell*** at 00.00
then price going up, open another buy position*
then price reverse, then close that buy position*
up & down at the open-line
then moving up again, open another buy position*
until buy** reach 50 pips, maybe we should close the position ?...
then moving down... buy position* should be closed
lower and lower until open-15pts should be open a sell position **** to hedge buy** position, but if the buy position** was closed, you don't need to open a sell position
then the price going up... the sell position **** should be closed (if opened)
raising and raising, then open buy position ***** , then close again *****
then the day ends, profit :
50 pips from the closed buy position **
20-25 pips loss from the sell position * (forced closed)
hope it will clear my strategy