Disliked{quote} Checking your chart, you have some mistake ... You open 2 sells in the same level (1.3180) instead open a new one (the third) @1.3190. So Hedge x2 is worng too.Ignored
EDIT: Sorry...wrong numbers
Simply "grid" system, no hedge, no martingale 9 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply
Disliked{quote} Checking your chart, you have some mistake ... You open 2 sells in the same level (1.3180) instead open a new one (the third) @1.3190. So Hedge x2 is worng too.Ignored
DislikedJust an update on my pairs going into the weekend. {image} {image} So Paracelsus...if I'm reading you right, you're saying (taking my EurUsd for example) I wouldn't close each of those last 3 short entries but would now have one sitting at about 150 pips profit (50 pip grid). Then if price retraced 50 hit trade 2 with standard TP for both?Ignored
Disliked{quote} I think with his mod that he's talking about he would have multiple orders at the same level. He took 1st sell then price went down all the way to 1.3160 (assuming price hit that) then retraced 10 pips which initiated his 2nd sell. So now's he's back in standard grid methodology so when price continues against another 10 pips he opens 3rd sell. It just happened to line up with 1st. EDIT: Sorry...wrong numbersIgnored
Disliked{quote} Thanks for the clarification, Spyderman. Just to go over both approaches again: According to original strategy: We would have cashed 2 x 10 pips with the Level1 sell trade opened at 1.3180 and at 1.3170. Then entered Level1 the 3rd time at 1.31600 which had moved eventually against, and adding Level2 at 1.31700 then Level3 at 1.31800. Final TP at 1.3160. Total profit: 50 pips. According to the "ride the wave" approach: We did not cash on first Level1 trade until both Level2 and Level3 trades reached TP. Final TP at 1.3160. Total profit:...Ignored
Disliked{quote} Yes, according you modification, your TP for is @1.3160, so Level 2 + Level 3 = 50 Pips, and you let the level 1 one run. So, if the price retraces you are not saving commisions or spread because your Level 1 is lossing pips ???Ignored
Disliked{quote} No, not really. The modified approach just keeps Level1 waiting for the opportunity to close at the same TP level without taking small profit bites (as the original version). The outcome is still 50 pips for both scenarios when price eventually reaches 1.3160 TP level.Ignored
Disliked{quote} You said before, you just close Level 1 if price retraces 10 pips. So if we close level 2 and level 3 in TP we win 50 pips and when the price retrace from there we win 0 pips from level 1. If we do not let the level 1 run and close all in TP we win 60. So finally we are lossing 10 potential pips.Ignored
DislikedAttached is a simple EA I wrote. The initial entry rule i use is Daily close. if daily close is higher EA opens buy else opens sell. inside grid is not implemented yet. {file} {file} {file}Ignored
Disliked{quote} here is the update version. You can set your own Grid Size--> OrderGap. Default is 50 pips. {file}Ignored
CONCLUSIONS:
Disliked{quote} @Kfx Sorry, it must be a misunderstanding. I don't recall mentioning "close Level 1 if price retraces 10 pips". Level1 positions should close according to your original strategy. (Level2 are added when when price retraces 10 pips from highest/lowest grid touch.)Ignored
DislikedAn interesting visual backtest experiment was done with the following slight modifications from August 1st through 8th: - Extended TP after L2 entries (by 10 pips, i.e. one grid level) - Reentering L1 positions in trend direction - Letting L1 positions ride without closing and opening them (to save on spreads and commissions; no effect on final outcome) FINDINGS: The backtest was started on a Friday (8/1/14), which day has immediately triggered a Hedge4 batch, so it was a good "stress test" for the strategy. Eventually, by the following Friday close...Ignored
Disliked@Paracelsus and @GoldenEA ... If you do not mind and give me your thumbs up, I would like to attach the system modification and the EA in the first post. Paracelsus, please tell me what are the posts number talking about you modification I must choose. Thanks.Ignored
Disliked{quote} @Kfx Yes, that is fine with me. Nevertheless, I need to emphasize that all the mentioned "modifications" are based on my own theories and limited visual backtests. The description of the "trend direction first entry/basket re-entry" and the "extended TP" were mentioned in post #367. The idea about letting L1 positions run - without closing and reopening them - during a strong market move was mentioned in post #492; the visual demonstration of it was shown in post #512.Ignored
Disliked{quote} here is the update version. You can set your own Grid Size--> OrderGap. Default is 50 pips. {file}Ignored