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Originally Posted by mike4X
I know what you mean.
It seems that every time Firebird opens a trade it is the wrong direction. But that's just the way it works - waiting for a pullback.
The same thought crossed my mind too about the reverse Firebird. It would have made some great pips these last two days instead of wiping out all of the last week's gains.
Mike4x.
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I seem to recall a "Hedge" mode mentioned in the Firebird documentation.
Perhaps some experiments with the Hedge parameters would be useful, tho at the moment I'm not at all sure that the Hedge is in 63G, or if the Hedge trade even had an exit or TP.
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Its the old dilemma: Convergent vs. Divergent strategies and how to switch 'em in a timely manner. Or how to blend them so one doesn't put 'drag' on the other.
Recent price action has caused this question to resurface in different forms in several Forums.