Hi Daniel, Will you provide me the EA or Signals or trade copy. Or if you can manage the account is also fine. Please let me know. Thanks in Advance, Sudheer.
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Hello sorry I’ve not started this thread for that reason. I don’t need to sell my ea or sell signals or manage an account. The best thing to do is to learn and keep learning.
{quote} Thanks very much for replying. Another question if you don't mind - do you "release" the hedge at a particular place in the TMA on the timeframe your trading? thanks
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There many possibilities but pretty much I wait until my next entry.
{quote} Hello, everyone has there own preference. But personally due to market conditions and how I’m predictable things are scalping is actually much better and safety. I by by no means sit at my charts all day on the same thing to scalp. You are thinking of a different method. The main part of my trading is now from an EA that trades for me exactly how I would manually. But my manual trading is foe fun. And it’s a matter of monitoring just 1 pair. Settings alerts for levels and that’s it. Its all looking for targets and herd mentality as per mentions...
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hi Daniel, do you use hedging in case the position went against you in your basket?
Hi Daniel, I also followed Georges thread and I hope he enjoyed doing it. Daniel I wish you well in your trading and look forward to hedging and basket discussions.
What a brilliant threads Daniel. omg.
I was looking for this..
You dont have to share your strategy becouse we already have it.
Im saving every picture you posted on this thread.
Please continue.
And btw im a swing trader.
{quote} how do you unhedge? when you remove one leg, you expose yourself to the same risk as earlier; albeit perhaps now on a good setup; but it can go wrong again.
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He has confidence unhedging because he has a very high win rate, probably a 90%..if it goes bad..he hedge again..but rarely goes bad..
“Stops don’t limit profits — they prevent disasters.”
{quote} how do you unhedge? when you remove one leg, you expose yourself to the same risk as earlier; albeit perhaps now on a good setup; but it can go wrong again.
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I have a few different ways one part is all part of a basket. So the hedges are part of it.
The other is i release one side of my hedge at my next entry and bear in mind my entry hit rate is 80% +
{quote} how do you unhedge? when you remove one leg, you expose yourself to the same risk as earlier; albeit perhaps now on a good setup; but it can go wrong again.
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Plus the hedge comes back in again if I release and it comes against me.
But 8 out of 10 chance.
1 has already gone against me. What are the chances of another going that way at my next entry. Very slim. It’s never happened in over 8000 trades
{quote} Plus the hedge comes back in again if I release and it comes against me. But 8 out of 10 chance. 1 has already gone against me. What are the chances of another going that way at my next entry. Very slim. It’s never happened in over 8000 trades
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Funny your money managment is almost similair to dancingphil
For new traders to comment. If you are new to trading. 1- how long have you been trading? 2- where are you in your journey? 3- do you trade live or demo 4- how much have you lost live or demo? 5- how many times have you dropped a system because it loses?
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1. 4 years (demo) 3 months (live)
2. Personal account (£280) Managed Accounts/ Followers (£250,000)
3. Live
4. Max DD (6.9%)
5. 0
{quote} Hello; 4 years demo & 3 months live? Is it true? Or I am missing something?
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Yes Sir, 4 years demo. Why? I stayed on demo until i had something solid worth pursuing full time, in terms of strategy, working on discipline and psychological aspects of trading, mindset to become a high performance trader. Testing the strategy for 1 year. 3 months live so far. So still alot of developing to do as a trader but live now.
The Secret to Success and profitable trading - What is it?
