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LazyHedging Trading Ideas

  • #181
  • Jan 6, 2022 7:27am Jan 6, 2022 7:27am
Quoting Sawaddee
...and the SL on the current bar (changes during the day) Perhaps I don't understand the above sentence.
Thanks for the message, that's how it is, unfortunately.

Now you have to fight with my term "sliding stop", or more simply: trailing stop.

For a long trade, e.g. for (distance = TP - Entry), the (StopLoss = High - distance) would have to be.
That is why the position of the star is independent of TP and Entry. These are values "from yesterday" and the SL is "for today".

Entry for today is (yesterday's body high + yesterday's ATR * Entry_Factor).
Take Profit for today is (Entry + ATR * TP_SL_Factor)
PointsToWin is (ATR * TP_SL_Factor)

So that the chart does not appear overloaded, we keep version 2.3.1.
  • #182
  • Jan 6, 2022 11:03am Jan 6, 2022 11:03am
Possible trading results for 06.01.2022

Don't forget that one has to subtract the spread value from the profit, because all trading values are calculated with bid prices.
Attached Image (click to enlarge)
Click to Enlarge Name: BodySwitch-06.01.2022.png Size: 226 KB
  • #183
  • Edited 11:07pm Jan 6, 2022 11:17am | Edited 11:07pm
Thank you for an interesting system. I completely understand and will test !!
Today 7.1. after opening the D1 candle, I entered all the forex pairs according to yesterday's candle. we'll see ..
  • #184
  • Jan 6, 2022 11:16pm Jan 6, 2022 11:16pm
Quoting SwingMan
{quote} Thanks for the message, that's how it is, unfortunately. Now you have to fight with my term "sliding stop", or more simply: trailing stop. For a long trade, e.g. for (distance = TP - Entry), the (StopLoss = High - distance) would have to be. That is why the position of the star is independent of TP and Entry. These are values "from yesterday" and the SL is "for today". Entry for today is (yesterday's body high + yesterday's ATR * Entry_Factor). Take Profit for today is (Entry + ATR * TP_SL_Factor) PointsToWin is (ATR * TP_SL_Factor) So that...
Thank you for your kind explanation. Now I fully understand all the calculations i.e. Entry, TP, and SL.
  • #185
  • Jan 7, 2022 2:22am Jan 7, 2022 2:22am
Hi Swing Man,

Happy New Year to you and all traders.
I put on screen you last version. awaiting for triggering first trade.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 270 KB


This one will be much better and easily with EA.
  • #186
  • Jan 7, 2022 3:15am Jan 7, 2022 3:15am
Quoting veslup
...I put on screen you last version. awaiting for triggering first trade. This one will be much better and easily with EA.
Nice that you test manually!

Some pointers:

- Because the levels are calculated with bid prices, the average spread should be taken into account. This will also be done later in the EA.
It means that
- for the Buy Order (Entry = Entry Value + Spread) and (Exit = TakeProfit).
- for the Sell Order (Entry = Entry Value) and (Exit = TakeProfit + Spread)
If you think that it would be more helpful for manual trading to write in the panel the values calculated in this way, please let us know.

- For your orders you can also enter the TakeProfit value.
- One must manually track and change the trailing StopLoss.
- You can switch off the "Show OHLC" in the chart, it is clearer.
  • #187
  • Jan 7, 2022 6:14am Jan 7, 2022 6:14am
Quoting SwingMan
{quote} Nice that you test manually! Some pointers: - Because the levels are calculated with bid prices, the average spread should be taken into account. This will also be done later in the EA. It means that - for the Buy Order (Entry = Entry Value + Spread) and (Exit = TakeProfit). - for the Sell Order (Entry = Entry Value) and (Exit = TakeProfit + Spread) If you think that it would be more helpful for manual trading to write in the panel the values calculated in this way, please let us know. - For your orders you can also enter the TakeProfit...
Yes I think will be better to write in the panel to not need calculate all the time.
Also my observation is that the targets and stops are very tight but maybe that is the strategy.
This is one of trading.
Attached Image (click to enlarge)
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most probably we have to choice pairs with tight spreads
  • #188
  • Jan 7, 2022 6:40am Jan 7, 2022 6:40am
Let's see how it goes...
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Click to Enlarge Name: Sieppaa123.PNG Size: 178 KB
  • #189
  • Jan 7, 2022 6:42am Jan 7, 2022 6:42am
Quoting veslup
Yes I think will be better to write in the panel to not need calculate all the time. Also my observation is that the targets and stops are very tight but maybe that is the strategy. This is one of trading. Most probably we have to choice pairs with tight spreads
Please replace the picture with a smaller section, because that way I can't check anything.

- For trading, the spread condition is a limit of 25% from PointsToWin, for example.
Test with limit 10% and you will see that the background turns gray.

- One will see later if the TP and SL are too tight, when the hedging works to eliminate the losses. If so, one can trade e.g. with 10 lots and get rich quickly, no problem.
The idea in the thread is hedging (lazy hedging), and not trend trading.
  • #190
  • Jan 7, 2022 7:27am Jan 7, 2022 7:27am
Quoting Remuli
Let's see how it goes...
Yes, interesting what you're doing, but the StopLoss is not quite right!

The star (SL) moves when the High (or Low) changes to account for the sliding hedge.
In your charts the SL would be too far ...

I have now some time and post later a new version where the spread should be taken into account e.g. for buy orders.

For manual orders I will calculate an SL (Initial Stop) from the entry.
  • #191
  • Jan 7, 2022 7:59am Jan 7, 2022 7:59am
Thank you. Gotta read this thread better
  • #192
  • Jan 7, 2022 10:51am Jan 7, 2022 10:51am
Some of the trade after hit the stop loss continue

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #193
  • Jan 7, 2022 12:04pm Jan 7, 2022 12:04pm
Quoting veslup
Some of the trade after hit the stop loss continue.
It is certainly like that within the day.

The indicator is intended for hedge trading, not for trend trading, and you have already noticed that the stop loss is quite tight.
If one wants to trade manually, one should also set the stops differently.

Trading the sliding hedge is extremely difficult and will be programmed with the EA at some point. I mean that the losses can be compensated quickly with the sliding hedge, and without a large increase in the lots.
Of course one will be able to determine this with the EA, until then one can carefully trade manually.
  • #194
  • Jan 7, 2022 12:10pm Jan 7, 2022 12:10pm
An example from today.

In AUDUSD the sliding stop was reached at (-71 points), then the price turned and (115 points) were gained. I couldn't follow this manually with several pairs, the EA should do that.

Some values:

SL = Low - 115 = 71298 - 115 = 71413

Loss = Entry - Exit = 71342 - 71413 = -71
Attached Image
  • #195
  • Jan 7, 2022 1:56pm Jan 7, 2022 1:56pm
New indicator version "smBodySwitch Signals_v2.4"

A few changes have been made in this version:

- An "Initial Stop" is written
For manual trading it would be interesting:
The star for the SL should initially be drawn for this value.
When one reaches the entry, one should have an option for the star to stop for the IS or to move with the SL.
Who has an opinion?

- For the option "Values_Type = ManualTrading_Values", the spread is taken into account when entering the order. An "M" will appear in the top left corner.

- The spread is not taken into account for the option "Values_Type = Calculated_Values". An "C" will appear in the top left corner.

Everything relates to the values from the trading panel. The arrows in the chart are drawn with the calculated values.
Attached Image (click to enlarge)
Click to Enlarge Name: BodySwitch-07.01.2022.png Size: 222 KB
Attached File(s)
File Type: ex4 smBodySwitch Signals_v2.4.ex4   56 KB | 426 downloads
  • #196
  • Jan 8, 2022 10:26am Jan 8, 2022 10:26am
Very interesting system and simple to follow, thank you. My preference would be for a trailing stop loss that can be monitored , manually if preferred.
  • #197
  • Jan 8, 2022 10:50am Jan 8, 2022 10:50am
I have a3840 x 2160 screen which compresses the panel so it is unreadable. Would it be possible to add an option to alter spacing in the panel?, I appreciate that this will involve your valuable time. Regards.
  • #198
  • Jan 8, 2022 11:32am Jan 8, 2022 11:32am
Quoting allan9
I have a3840 x 2160 screen which compresses the panel so it is unreadable. Would it be possible to add an option to alter spacing in the panel?, I appreciate that this will involve your valuable time. Regards.
Please post a chart excerpt with the panel.
  • #199
  • Jan 8, 2022 3:31pm Jan 8, 2022 3:31pm
Screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 587 KB
  • #200
  • Jan 8, 2022 5:37pm Jan 8, 2022 5:37pm
New indicator version "smBodySwitch Signals_v2.5"

- "StopLoss_Type" parameter can be "Fixed_StopLoss" and "Trailing_StopLoss"

- Separate factors for "TakeProfit" and "StopLoss". Tried with 0.2 and 0.4 values.

- One can enter the width and height for the TradingPanel.
The text is output with the internal function "Comment" and the font cannot be changed, but the line spacing can be doubled.

Now at the weekend, one should start the indicator in the strategy tester and report any errors.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rDaily.png Size: 30 KB
Attached File(s)
File Type: ex4 smBodySwitch Signals_v2.5.ex4   60 KB | 402 downloads
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