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Old 11-02-2007, 04:22 AM
teldon teldon is offline
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Join Date: Nov 2006
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project killer hedge

i have been testing many EAs but sincerely i am inclined more towards bless5th than any other. Maybe the reason is due to the fact that you are indefinitely in the market.
well, having said that i request all experienced traders to please help in this project.

the hedge function in the existing bless5th will not work because it is too static.
When it opens a hedge on the last level it simply reverses the TP and sl.
That is the sl of the losing arm becomes the tp of the hedge and the tp of the losing arm becomes the sl of the hedge.
well either way you will come out with a loss when all is said and done.

I was thinking of a dynamic tp and sl for both the losing arm and the hedge.
Beacause once the hedge is placed you dont know which way the currency will go.

to give more details i was thinking of something like this.

the lot for the hedge is the cumulative size of the losing arm and the tp and sl becomes dynamic. Meaning is price moves towards the tp of the hedge it must move away to allow for more pips and if price moves towards the tp of the losing arm then that tp moves away to allow for more pips. the idea is to get positive result from the hedged status.

please give feedback .
all welcome and all appreciated.
thanks
teldon
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