Dislikedfxtr51,
You posted charts showing how hedging worked for you. Great, good job. But you fail to see that reading the market in the same way and using a SL would have gained the exact same number of pips. You never compared the 2 methods, as hanover did in his diagram above. If that diagram and the explanations that go with it are not enough for you there is really nothing more that I can add. Maybe just that I'm honestly surprised to see such an excellent coder having a hard time grasping a simple mathematical model.Ignored
I often compared both methods
and the essence is:
- 3 % is not equal to + 1 % .
Sorry, but if you think both have gained the same number of Pips, then you do not understand - and hanover neither - how lock-unlock is traded.
Because - 3 does not equal + 1 and that
is the inevitable outcome of both methods.
Pipsgeek, just read your posting.
You have not understood the method, constructed a wrong example which leads you to a wrong
conclusion and then you say:
in general it is plain stupidity.
Go figure that one...