Hello, i using the hedging from 2013 and never stop it. Hedging and stop&reverse are exactely the SAME THING, but i prefer the first, because i can check fast the loss, profit, how many pips i have to do to positive equity, etc.. The double comissions isn't a problem, and some brokers can refund it.
let's get to the point. the strategy that I propose is a standard concept, everyone can customize it. the strategy concept is very simple, and there are lot of threads in FF, but the difficult is to study the right moneymanagement, stoploss, TP, channel, pairs, etc.
we needed:
a horizontal channel with fixed pips;
no indicators;
a light martingale.
example. we use a channel of 20 pips. the first trade get profit 50, all goes well. close the trade and stop trading for today.
if instead our trade BUY start a loss, after 20 pips, we enter with a trade SELL. every time the price goes up, you enter the buy, every time the price goes down enter sell. the increments of the martingale must be moderate. maximum for 2x. How many increments? I personally stop after 7 increments. using the martingale without stopping, is tantamount to burning the account. stop always after tot trades.
when to stop? it is advisable to study the characteristics of the graph. not all are the same. use only those in trend and with little spread.
studying stoploss is essential. if I know for example that my stoploss is 500 usd (6-7 trades in martingale) I have to make sure that other pairs cover this loss. so I will have to use 6-7 pairs at the same time. each pair will use the strategy individually.
personally, my risk reward for each pairs is arount 17:1. yes, negative risk reward, but this "stoploss" is very hard to take, and when come, i have simultanely 6-7 pairs that usually remove it.
this TS is very customizable. for example, if someone is comfortable with an indicator, they could use it in "key points". Personally I never found an indicator that would benefit for me, also because they always refer to the prices of the past. so better enter by direction of the trend.
of this strategy, I have an EA, which I use on dukascopy.
dukascopy doesn't allow myfxbook, i open sometimes demo account to check and study statments and DD.
good trading for everyone!
let's get to the point. the strategy that I propose is a standard concept, everyone can customize it. the strategy concept is very simple, and there are lot of threads in FF, but the difficult is to study the right moneymanagement, stoploss, TP, channel, pairs, etc.
we needed:
a horizontal channel with fixed pips;
no indicators;
a light martingale.
example. we use a channel of 20 pips. the first trade get profit 50, all goes well. close the trade and stop trading for today.
if instead our trade BUY start a loss, after 20 pips, we enter with a trade SELL. every time the price goes up, you enter the buy, every time the price goes down enter sell. the increments of the martingale must be moderate. maximum for 2x. How many increments? I personally stop after 7 increments. using the martingale without stopping, is tantamount to burning the account. stop always after tot trades.
when to stop? it is advisable to study the characteristics of the graph. not all are the same. use only those in trend and with little spread.
studying stoploss is essential. if I know for example that my stoploss is 500 usd (6-7 trades in martingale) I have to make sure that other pairs cover this loss. so I will have to use 6-7 pairs at the same time. each pair will use the strategy individually.
personally, my risk reward for each pairs is arount 17:1. yes, negative risk reward, but this "stoploss" is very hard to take, and when come, i have simultanely 6-7 pairs that usually remove it.
this TS is very customizable. for example, if someone is comfortable with an indicator, they could use it in "key points". Personally I never found an indicator that would benefit for me, also because they always refer to the prices of the past. so better enter by direction of the trend.
of this strategy, I have an EA, which I use on dukascopy.
dukascopy doesn't allow myfxbook, i open sometimes demo account to check and study statments and DD.
good trading for everyone!
