DislikedI am a relative newbie........how do I set those indicators on my IBFX charts? Anyone have a template? That I know how to do lol.Ignored
And thats it. Your all set up.
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Daily Scalping Hedging/ATR Discussion 23 replies
DislikedI am a relative newbie........how do I set those indicators on my IBFX charts? Anyone have a template? That I know how to do lol.Ignored
DislikedTo setup your MA, go to your Navigator area and click on the indicators folder. From there double click on the moving average folder. In the popup you will see a tab listed as Parameters. Period should be 25, Shift should be 0, MA Method should be Linear Weighted (HL/2). Style will be the color you chose your 25MA center to be. From there you click on Levels and then the add button (enter a 50 level and -50 level)
And thats it. Your all set up.Ignored
DislikedThere has been a total of 41 trade positions taken since 12-25-06 resulting in a total of 8,209 positive net pips taken.
Of the 41 trade positions opened. 14 were in a negative direction and 4 of them would still be open at this time if you left them in a hedged position. Without the hedge 14 positions would have change your overall pip profit since 12-25-06 to 5,091 pips.Ignored
DislikedJust curious, how many pips down were the 4 open positions? If you get stuck in a long-term trend, those open positions could be negative 1000s of pips, especially on this pair. This idea seems to favor the ranging market, correct?
DavidIgnored
DislikedTo setup your MA, go to your Navigator area and click on the indicators folder. From there double click on the moving average folder. In the popup you will see a tab listed as Parameters. Period should be 25, Shift should be 0, MA Method should be Linear Weighted (HL/2). Style will be the color you chose your 25MA center to be. From there you click on Levels and then the add button (enter a 50 level and -50 level)
And thats it. Your all set up.Ignored
DislikedBad.Hair.Spray -
That's it above. Set it all up at the same time. Use the "tabs" on the Moving Average box.Ignored
DislikedI really don't understand the hedge... are you placing a hedge at entry? or only when price hits the opposite 50 level? i.e. there's a -100 difference between your original order and the new hedge? So this is akin to grid trading,, i.e. you want the price to come on back down... so ranging works wonders and trending works wonders only so long as it makes up for any open hedges and the gaps in the middle...Ignored
Dislikednice technical man..
but i think very difficult to definit where to exit, entry and SL.
i think from this market was formed at 3 zone.
1. upper from +50
2.down from -50
3. in range -50 to +50
if we have enough capital so funny for this system.
but absolitely its a good system..
thanks for sharing yoru system...
nice to you..
best regard
majaIgnored