This conversation with regards to hedging EA's must be had, the most important piece traders must realize is when price is in a very strong trend. Breaks of key levels, post central bank meetings, minutes, decisions. All these factor play into the strength of these strong trends.
If hedging worked all of a sudden everyone would be a millionaire. You must realize using this concept carries great risk but the potential of your account blowing up is much higher as well. I hedge (sometimes) but you have to do it smartly, all EA's fail but hedging gives you the greatest reward.
Just remember, its in your hands to control the EA and when it must be paused or your GRID steps extended or some other way for the GRID to be extended. Sometimes its better just to take a small lose instead of just blowing your account. This idea can't be programmed very easily.
But what can be done, is a trader realizes when to take his profits and withdraw.
If hedging worked all of a sudden everyone would be a millionaire. You must realize using this concept carries great risk but the potential of your account blowing up is much higher as well. I hedge (sometimes) but you have to do it smartly, all EA's fail but hedging gives you the greatest reward.
Just remember, its in your hands to control the EA and when it must be paused or your GRID steps extended or some other way for the GRID to be extended. Sometimes its better just to take a small lose instead of just blowing your account. This idea can't be programmed very easily.
But what can be done, is a trader realizes when to take his profits and withdraw.
Learn, a forex trader must, unlearn and relearn he will.
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