I use FxOpen, UJ open price at 01.30 gmt is 107.91, add 50 + 3 spread = 108.44
and 10.00gmt the highest price was 108.43, so yesterday no pair triggered.
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DislikedWhat broker do you use?
I use FxOpen, UJ open price at 01.30 gmt is 107.91, add 50 + 3 spread = 108.44
and 10.00gmt the highest price was 108.43, so yesterday no pair triggered.Ignored
DislikedI use FXDD, and two trades triggered, same result... although I am letting mine run on demo, just for yucks... (at -141 and -83 now....)
And yes, that was the idea to adjust the hedging entries once the first trade was hit. In this case, both the losing positions would be partially hedged, but that only prolongs the pain, maybe! The hope would be that the initial trade would reverse toward our position, and somewhere the hedged trades would minimize the loss... not necessarily develop into a win.. but who knows! We could manually run these trades, and see what would have happened if we did hedge #1 at say, -50p on for trade 1, see what happens... might have more time to ride the trade, or maybe bail at net -50p if things don't turn and go our way...
But this is the tough part... at -160 p, we now need 16 wins to break even, with the two triangles... say 4 wins a week, 2 weeks, which is not too bad IF we don't hit a big loser again...
ORRRR!!!!..... since on this one we went -100 and -60 without triggering a hedge, and since we have hit a million (well, a bunch) of 10p wins with just the first trade...
We leave the entry setup as it is. Take the first trade of three that hit. THEN! cancel the others, and run the first trade at 10pTP and Xpip SL. plain and simple. Even at 70p SL, we have 7 trades to break even. So what is the win rate now, at max DD of 70p? 20 trades? So, we have 20 wins and the equivalent of 7 losses. almost 2.86 profitablity factor, anything over 2, with reasonable actual drawdown (which this seems to have) is pretty dang good.
We can do this with N&Ts EA as it sits now.. we set the move entry setting for the hedge a bunch of pips away (by using a negative number of pips... I think that would work?), guaranteeing the remaining two "hedge" trades would never get hit, once the first one hits. Then we set the MaxLoss setting to whatever we want our SL to be, in this example, 70p. Then, when Trade1 hits, the other two remaining entrys move way far away, taking them out of the play... (sort of opposite my original thought!!), and the MaxLoss becomes our stoploss.... Let it run! Close at 2300 if you want, or let it run...
But, do we have enough trades to know our win rate? not sure... maybe need lots of more trades to see what our win ratio is...
Just food for thought!Ignored
DislikedHello Guys,
I don't see any update on this thread for a long time. Is anyone still working on this system ?
JabranIgnored