Added $250 overnight, going for another round on same 3 pairs GU,EA and Gold
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Mathematical hedging strategy without a stop loss 22 replies
'Averaging Down Is for Losers' - valid or not? 27 replies
Fast Averaging versus Slow Averaging 1 reply
Averaging 7 replies
Martigale and Averaging Down 4 replies
DislikedI will post live trades as they happen, but will start with some basics and build as time goes on, will write short posts as I know long posts put many off...Ignored
Disliked{quote} Very straightforward explanation. The best strategy we can use is the direct hedging method before a major economic data release. Risking 0.5% one each side(long&short) instead of 1% on only one side is still better than 1% gone and got nothing from the move due to the unexpected release. Thanks bro, got my strategy to build around the data release move.Ignored
Disliked{quote} I have always been a fan of hedging. Unfortunately, being a US citizen subject to FIFO rules, greatly limits how I am able to hedge.Ignored
Disliked{quote} I'm a US citizen as well... and have an account with OANDA (USA). To set up the capability to hedge, I have a subaccount for only buy trades and a subaccount for only sell trades... not ideal, but it works if you don't mind switching between accounts (which is quite easy using the OANDA mobile app). Fortunately, the basic OANDA position size is a "unit" (= $1 for USD-based currencies), which means I can open up multiple buy (or sell) trades and not worry about FIFO as long as each trade differs by 1 unit. At OANDA, FIFO only applies for...Ignored
Disliked{quote} I am aware of this. However, there are still limitations for us. I never said it is not possible for US citizens to hedge. But I do appreciate your response.Ignored
Dislikedthis country patronises its citizens to such an extent that one might think it is not a free country.Ignored
Disliked{quote} Even if they allow brokers like Forex.com and Oanda are piece of sh*t. Their spreads are complete garbage....Better go with good offshore brokers...Ignored
DislikedHedging + Averaging around 200ema line on EURUSD 20-tick chart. $1000 live account. Feeling dangerous {image}Ignored
Disliked{quote} just be aware of "stupid averaging" or "risk of ruin"...but everything turned out well;-)Ignored
Disliked{quote} Yeah I did some stupid averaging. I have some "safe" averaging techniques which I practised and backtested on M5. In a tough trend, it takes about a day to a week to escape and it requires additive martingale with a huge step (about 20-50 pips between averaging orders). With hedging, you should be able to come out flat faster. But this 20 tick chart is just to practise getting a feel of quick-paced bi-directional scalping. Using real money to really stress myself out.Ignored
Disliked{quote} that sounds good, but search for strategies to "escape" holding positions overnight. i guarantee you a better sleep;-)Ignored
Disliked{quote} FX Blue Tick Charts MT4 Free tool to create custom offline Seconds, Ticks and Range charts. FX Blue also has a free trading sim that you can use in strategy tester. Exposure SYL Here's another free tool to test hedging strategies very easily. {image}Ignored