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I am looking for a ea that would put a hedge trade on when your first
trade moves against you x number of pips
The big question is: When do you "lift" the hedge to take your system into profitability?
By placing a hedge, you do stop the bleeding, but you still have the wound which is your loss. You also add to the bleeding by incurring another spread cost.
If you can figure out a good method of lifting your hedge into a profitable situation, I would like to hear it!
I have visually backtested this expert Piplite v1.0
it was one of the best martingale hedge system I have ever seen, I have got the chance to test it yet .. there is no room in my VPS server and I quite busy these days but you can check it out
If i am trading , with my money managment, risk what ever.
and 50pips stops is in my plan , why take the 50 pip loss,
Why not hedge it at 50 pips + 2 spread eurusd 52 that may collect
interest or pay interest. Than I get to your question, lifting the hedge
and I have no good answer.
But I have recovered some bad trades by hedge, maybe just by luck or what ever.
Quote:
Originally Posted by wolfe
The big question is: When do you "lift" the hedge to take your system into profitability?
By placing a hedge, you do stop the bleeding, but you still have the wound which is your loss. You also add to the bleeding by incurring another spread cost.
If you can figure out a good method of lifting your hedge into a profitable situation, I would like to hear it!
If i am trading , with my money managment, risk what ever.
and 50pips stops is in my plan , why take the 50 pip loss,
Why not hedge it at 50 pips + 2 spread eurusd 52 that may collect
interest or pay interest. Than I get to your question, lifting the hedge
and I have no good answer.
But I have recovered some bad trades by hedge, maybe just by luck or what ever.
Figure out a good way to lift the hedge, and guide the system into profitability, and I will take a crack at coding this for you.
Never release a hedge. Let the lock to be permanent.
You may add possition to sell or to buy to make total positions in profit, then close them all at once.
Never release a hedge. Let the lock to be permanent.
You may add possition to sell or to buy to make total positions in profit, then close them all at once.
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.
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.
Todd, Have you tried the auntie hedge EA for Jacko's trading style? The name of the thread on FF is "EA for Jacko's trailing stops". Scroll down to post #6 to find the EA. Goldensight
Quote:
Originally Posted by toddanderson
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
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