Traded in the past and I'm back for another stint.
Playing around with hedging on same instrument for first time.
I gather the following:
Playing around with hedging on same instrument for first time.
I gather the following:
- Opened positions affect equity, not balance. (P/L goes to balance when closed)
- Straight edges still require margin, albeit less.
- All net positions and one side of hedged ones, are charged swap.
- I can lock, in part or in full, profits and losses.
- I can have any number of open positions and vary my net position.
- I can enter a new directional (net) position by opening new position(s) or by closing ones already opened.
- I could create a new position by closing, for example, all opposite opened positions. This should be equivalent to a martingale of sorts.
- I could routinely close positions in profit only, and end up with money in the balance and a massive floating loss in equity, or vice versa by closing losses only.
- I could manage the number of opened positions and have them track price, ie. by creating net positions closing the opened ones furthest from current price.
Am I right? What am I missing?
Practitioner of the cryptic trading arts
). Today I got in and out of two new position for profit and halved the long. I am trying to hold to the residual long while anticipating an up move and possible deep moves either way, which I would try to counter (sell high, buy low) while keeping the long position. MT5 Demo, Hedging account.
