DislikedDear bob,
I am interesting your hedging theory, could you share to us.
many FF trader not live in USA.
Ignored
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DislikedDear bob,
I am interesting your hedging theory, could you share to us.
many FF trader not live in USA.
Ignored
DislikedThanks Bob.
I get the impression that this might be difficult to do if you don't have the experience.
How much do you rely on purely technical indicators? Do you ever use "feel" to decide that market conditions have changed from trend to range?Ignored
DislikedYes I think there is a feel for the market. The best thing to use would be the 4H high low because that would give you the range to expect. So if the pips between the high and low are 75 you can capture 40-50 of the pips. You can do the math from there. The problem is since I cant hedge I dont have the practical experience to go with theory. I do have the practical CT trade but not the other. The problem with hedging is not the strategy it is the getting out. The other strategy would be to hold the hedge until you have enough winners to delete it,...Ignored
DislikedThanks Bob. For now I think I will stay away from hedges. I have enough trouble trying to figure out what positions I currently have open and closed.
Despite the worst possible market for my system, I have closed out a couple thousand pips in the last couple of weeks and well over 100 positions. I couldn't imagine having to keep track of hedges on top of everything. My success rate is almost 100%, and my account balance is up 5%. So much for the SL crowd.
When you use your system how much do you interfer with your EA's? Do you take the attitude...Ignored
DislikedI only use EAs to enter. Some of my 4H ones have a tp built in but they are seldom hit (a problem I will deal with this weekend.) I usually take profit at a S/R spot and then set the EA up for another entrance. I take profit sometime into a session. 2-3 hours into JPY, 3-4 hours into the Euro and 3-4 hours into the USA session. Sometimes there is something before the jpy open. I like to grab profit before it retraces back into oblivion. Sometimes I miss the big move but most of the time I get the profit and later get a reentry for another.Ignored
DislikedMy view of hedging is an emergency stop the action. It freezes time and allows me to think of what I want to do next. It is a breather. I can walk away for 2 weeks if I want to and come back later. Under pressure you can make some really bad decisions. With it you can think it through exactly what you want to do. It gives you time to make a solid plan and also research how you got into the mess in the first place.Ignored
DislikedNB,
An US broker to do both buy and sell orders in 1 pair is Interactive Brokers, although I think you have to deposit $ 10,000 to open an account. Although who will check that when you tell them that you will deposit the required deposit or higher, but actually deposit less?Ignored
Dislikedjust the 1 account with IB
am curious which pairs you will settle on...............
why not try to have the 8 main currencies presented equally. so 4 or 8 pairs.
in that way none is overpresented and causing major problems if 1 currency takes off.Ignored
DislikedNB,
dont know how you calculate the volatility of a pair, but I look at the difference between high and low of the last year as a percentage of the low.
the best pairs are usd/cad 7.4%, gbp/cad 7.5%, usd/hkd 7.9%, eur/cad 8.2%, gbp/usd 9.3%, eur/gbp 9.6%, aud/cad 9.6%, usd/sgd 10.5%, eur/aud 10.9%, aud/nzd 12%, usd/jpy 12.6%.
however to look back for a year might be too long, because markets do change quickly.
another way could be to look at the daily ATR for the last month as a percentage of price and trade the ones with the lowest...Ignored