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Win in Trend and Win in Range

  • #61
  • Apr 17, 2018 10:51am Apr 17, 2018 10:51am
Quoting carddard
Managed to squeeze in an hour or two after work to do more testing and analysis. This is on gold, with a 1k starting base. Never mind the fact that it doubled within a month on a 10% DD (Yes, I'm greedy) - look at the perfect hedge at the highlighted point. Mind you, this was me playing with martingale just as an experiment to test out one of my hedging ideas - and if this sustains, it could mean (at least in theory, bear with my hypothetical assumptions, I love those) that you could essentially combine a high risk, martingale strategy with a virtually...

This is really impressive man. Will wait for details how you do that.


I was using an EA which works best in volatility and then it trapped in ranging and maximum cycles 13 already hit, at next cycle, account was going to blast, but I hedged instead. Currently I have hedged USDJPY 3.05 buy and 3.05 sell (floating loss is -3500 Euro) since 2 weeks now. Don't know when to exit one side.

Maybe with your strategy, I would be able to break this hedge one day.
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  • #62
  • Apr 17, 2018 10:54am Apr 17, 2018 10:54am
Quoting KashifNawaz
{quote} This is really impressive man. Will wait for details how you do that. I was using an EA which works best in volatility and then it trapped in ranging and maximum cycles 13 already hit, at next cycle, account was going to blast, but I hedged instead. Currently I have hedged USDJPY 3.05 buy and 3.05 sell (floating loss is -3500 Euro) since 2 weeks now. Don't know when to exit one side. Maybe with your strategy, I would be able to break this hedge one day.
A pure zone recovery will go bust someday. I think it could be one of the ways to hedge but logic dictates that too many cycles will only mean that it will go bust. Try experimenting with more ways to hedge - think out of the box - you don't always have to win to win. If you know what I mean!
  • #63
  • Apr 17, 2018 11:09am Apr 17, 2018 11:09am
Quoting carddard
{quote} A pure zone recovery will go bust someday. I think it could be one of the ways to hedge but logic dictates that too many cycles will only mean that it will go bust. Try experimenting with more ways to hedge
Yes it is pure Zone Recovery EA. I made 2800 Euro in a week and then lost all next day before Easter.

And the very next trade trapped again and now locked (hedged).

Quoting carddard
{quote} think out of the box - you don't always have to win to win. If you know what I mean!!

This is what I am up to now-a-days. Whether I am eating, taking shower or working in office, only this thought is in my mind, how to win with hedging. Because I don't know how to trade (so only way is hedge/grid/martingale)
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  • #64
  • Apr 17, 2018 3:52pm Apr 17, 2018 3:52pm
I am following this thread with good interest, and will participate as soon as I can.

With regard to this quoted post, I am copying some of my thoughts published somewhere else back in 2016.

Quoting KashifNawaz
{quote} Yes it is pure Zone Recovery EA. I made 2800 Euro in a week and then lost all next day before Easter. And the very next trade trapped again and now locked (hedged). {quote} This is what I am up to now-a-days. Whether I am eating, taking shower or working in office, only this thought is in my mind, how to win with hedging. Because I don't know how to trade (so only way is hedge/grid/martingale)

Martingale, Hedging andGrid <<< MHG >>> My HolyGrail


Over 50% of freelance jobs can be classified as one form or another of MHG.
I wonder why ?

Martingale : A gamblingsystem of continually doubling the stakes in thehope of an eventual win that must yield a net profit.
Hedging : Taking equal and opposite positions in two different markets. However what most traders do is hedging on same pair at same price or on losing positions.
Grid : Adding positions on fixed distance in one or both directions regardless of price action.

So what's so special and tempting about these concepts ?
Do you really think you will find your holy grail using these methods ?

I understand that better custom forms of these methods can be used in trading, provided that you already have a trading system with an edge :

 

  1. Hedging :

    1. Hedging on price divergence of correlated pairs
    2. Hedging on negatively correlated pairs
    3. Scalping against your profitable longer-term positions for smaller gains on trend retraces


  2. Martingale :

    1. Averaging Down with a preset range and SL. For example, you defined a support zone between 1.0030 and 1.0010, so instead of buying one big position at 1.1020, you divide it into 3 positions, and buy at 1.0030, 1.0020 and 1.0010, all positions will share the same SL, for example at 1.0000.


  3. Grid :

    1. Dynamic (price action sensitive) Grid in the direction of existing profitable positions.


No guts, no glory
  • #65
  • Apr 17, 2018 7:18pm Apr 17, 2018 7:18pm
Quoting abokwaik
I am following this thread with good interest, and will participate as soon as I can. With regard to this quoted post, I am copying some of my thoughts published somewhere else back in 2016. {quote} Martingale, Hedging andGrid <<< MHG >>> My HolyGrail Over 50% of freelance jobs can be classified as one form or another of MHG. I wonder why ? Martingale : A gamblingsystem of continually doubling the stakes in thehope of an eventual win that must yield a net profit. Hedging : Taking equal and opposite positions in two different markets. However what...
Always nice to have inputs from everyone.

Looking forward to more detailed examples of what you have raised.
  • #66
  • Apr 17, 2018 8:39pm Apr 17, 2018 8:39pm
Have you ever considered basket trading? Combine enough pairs (and metals) to make a nice hedged basket where if some of the pairs go against you the others will go with you, with the net result being a profit. I have not given this much thought personally, but i had lights go on briefly then i lose them quickly. Never materialized into anything, but i am sure there is a way to combine these pairs (and metals and oil perhaps) to make that perfect diversified basket. that may be already what you are doing in your TE, but you never mentioned how you traded, so i am not sure

I have always been interested in this concept. This will free up traders time, and the basket will just "run" and you dont have to watch for certain price patterns or anything that will require you to be checking the charts periodically. I am sure alot of you have thought of this already .. Any thoughts that you can share on this subject would be appreciated I hope this is staying within the topic of this thread, if not, just please ignore my post here. I won't be offended
  • #67
  • Apr 18, 2018 7:06am Apr 18, 2018 7:06am
Check This Indicator. It Repaints on current period as it calculates Trend from higher time frame, H1 calculates Daily, H4 calculates Weekly and D1 calculates Monthly.

Signal From Last period can be taken and previous period signal doesn't repaint. Can be used for both trend and range. I've described my strategy in the image.

Share your thoughts on indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: strategy.PNG Size: 52 KB
Attached File(s)
File Type: ex4 Beta Bands.ex4   18 KB | 764 downloads
  • #68
  • Apr 18, 2018 7:24am Apr 18, 2018 7:24am
Quoting abokwaik
I am following this thread with good interest, and will participate as soon as I can. With regard to this quoted post, I am copying some of my thoughts published somewhere else back in 2016. {quote} Martingale, Hedging andGrid <<< MHG >>> My HolyGrail Over 50% of freelance jobs can be classified as one form or another of MHG. I wonder why ? Martingale : A gamblingsystem of continually doubling the stakes in thehope of an eventual win that must yield a net profit. Hedging : Taking equal and opposite positions in two different markets. However what...

Thanks for sharing your thoughts, much appreciated. Expecting further explanation about some valuable feedback.
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  • #69
  • Apr 18, 2018 8:20am Apr 18, 2018 8:20am
Quoting SvK88
Check This Indicator. It Repaints on current period as it calculates Trend from higher time frame, H1 calculates Daily, H4 calculates Weekly and D1 calculates Monthly. Signal From Last period can be taken and previous period signal doesn't repaint. Can be used for both trend and range. I've described my strategy in the image. Share your thoughts on indicator. {file} {image}
Thanks for sharing indicator. However its not working on mt4. Anyone else tried?
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  • #70
  • Apr 18, 2018 8:33am Apr 18, 2018 8:33am
Quoting KashifNawaz
{quote} Thanks for sharing indicator. However its not working on mt4. Anyone else tried?
Yes, it's not working on MT4. Tried as well.
  • #71
  • Apr 18, 2018 8:48am Apr 18, 2018 8:48am
Quoting JacolineFIS
Have you ever considered basket trading? Combine enough pairs (and metals) to make a nice hedged basket where if some of the pairs go against you the others will go with you, with the net result being a profit. I have not given this much thought personally, but i had lights go on briefly then i lose them quickly. Never materialized into anything, but i am sure there is a way to combine these pairs (and metals and oil perhaps) to make that perfect diversified basket. that may be already what you are doing in your TE, but you never mentioned how you...
Absolutely. Big fan of trading baskets. If you follow my posts you'll know that I come from a background of trading with equity, bonds and ETFs. That naturally makes me gravitate towards a well diversified portfolio. For forex I think it's important to look at your exposure to currencies to make sure that you are not overly exposed to any particular currency at any point in time.
  • #72
  • Apr 18, 2018 11:58am Apr 18, 2018 11:58am
Quoting KashifNawaz
{quote} Thanks for sharing indicator. However its not working on mt4. Anyone else tried?
Its working fine for me.. Anyway here is the Market Link to download..

https://www.mql5.com/en/market/product/27344
  • #73
  • Edited 2:01pm Apr 18, 2018 1:50pm | Edited 2:01pm
The Indicator called "beta bands"
I guess it look like one more clone of Igor "step chart channel" indicator ,though am not sure 100%
bands might be additionally fitted along with - experts can better judge

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1-step chart channel.png Size: 37 KB
  • #74
  • Apr 18, 2018 1:58pm Apr 18, 2018 1:58pm
Carddard
I am waiting you and other experts to show and or describe their idea,suggestion or better to say snake box
any way which TF you recommend or suggest
  • #75
  • Apr 19, 2018 1:13am Apr 19, 2018 1:13am
Quoting SvK88
{quote} Its working fine for me.. Anyway here is the Market Link to download.. https://www.mql5.com/en/market/product/27344

Thanks dear.

Any ex4 file downloaded from MQL sites won't work unless directly downloaded by site. Its working now. Thanks
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  • #76
  • Apr 19, 2018 3:06am Apr 19, 2018 3:06am
You're Welcome kashifnawaz..

Went E/N Short @ 1.69296. Lets see how it goes..
Attached Image (click to enlarge)
Click to Enlarge Name: EN Short.PNG Size: 36 KB
  • #77
  • Apr 19, 2018 5:01am Apr 19, 2018 5:01am
Quoting SvK88
You're Welcome kashifnawaz.. Went E/N Short @ 1.69296. Lets see how it goes.. {image}

Does this beta indicator give signal for buy sell or you draw this red line by yourself?
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  • #78
  • Apr 19, 2018 5:52am Apr 19, 2018 5:52am
Quoting KashifNawaz
{quote} Does this beta indicator give signal for buy sell or you draw this red line by yourself?
I Draw it myself..
  • #79
  • Apr 19, 2018 7:35am Apr 19, 2018 7:35am
I'm working on a lite, community edition and I'm looking for a small group of testers to do forward testing for me, just on demo until it is fully tested and proven to work.

I only have 3 slots on my VPS and so more testers would be appreciated, but I don't want to just give this away until it has been polished. Anyone interested?
  • #80
  • Apr 19, 2018 8:03am Apr 19, 2018 8:03am
Quoting carddard
I'm working on a lite, community edition and I'm looking for a small group of testers to do forward testing for me, just on demo until it is fully tested and proven to work. I only have 3 slots on my VPS and so more testers would be appreciated, but I don't want to just give this away until it has been polished. Anyone interested?
Hi carddard,

Yes I can help to run it. Do let me know.
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