Yes I have been doing the buy ,sell stop. the only reason
i wanted a Ea was to have exact pip hedge like 50 pips or something
Do you know, book, forum that uses hedge as stop loss ?
I want to learn this better
Quote:
Originally Posted by fikko
You're welcome.
There are a lot of things actually to master this Hedge. You need to have enough pips to let the price move in the correct direction. For EUR/USD 100 pips, for GBPJPY 166 pips. You need to place trade in line with fundamental. There is a support/ressistance to decide to buy or sell.
You can place buy stop / sell stop as a hedge, not necessary an EA.
By having this hedge, you are buying time, to fix it later somewhere sometime when the trend is clear.
Once you master this, you can have consistant profit, without any fear of losses.
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