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Hedging/averaging trades without prediction

  • #241
  • Oct 18, 2022 10:53am Oct 18, 2022 10:53am
good luck with your new thread...Waveskierrob
a little gift for your thread...

"Zone Recovery"Trading Algorithm... AND How to Turn ALL of Your Losing Trades into Winners!!
Inserted Video


if you dig deeper...

God bless you Waveskierrob and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #242
  • Oct 18, 2022 10:58am Oct 18, 2022 10:58am
Quoting diablodemon
Hi sir . Could you elaborate or show the LONG and SHORT concept? Thanks
I thought I had been, showing through live real time trades??? unless you mean something else...thanks
  • #243
  • Oct 18, 2022 11:11am Oct 18, 2022 11:11am
Quoting LvMMT
good luck with your new thread...Waveskierrob a little gift for your thread... "Zone Recovery"Trading Algorithm... AND How to Turn ALL of Your Losing Trades into Winners!! https://www.youtube.com/watch?v=DJz4E7VyeSw if you dig deeper... God bless you Waveskierrob and God bless everyone!
On the right track but this algo fundementally flawed imho having done a fair bit of work on it unless you want to lose a million to make 100 quid.... good for selling courses and EAs though.

Stick to what is shown on the thread to make money
  • #244
  • Oct 18, 2022 11:14am Oct 18, 2022 11:14am
Quoting Fagin
{quote} On the right track but this algo fundementally flawed imho having done a fair bit of work on it unless you want to lose a million to make 100 quid.... good for selling courses and EAs though. Stick to what is shown on the thread to make money
ok..as you wish..
maybe it will help someone...
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #245
  • Oct 18, 2022 11:26am Oct 18, 2022 11:26am
Quoting LvMMT
{quote} ok..as you wish.. maybe it will help someone... God bless everyone!
It's good to get you thinking and I saw this years ago, it only works in specific markets and the large recovery zone is flawed when the market conditions change. It doesn't work when you factor in costs.

Moral is don't buy an EA or training course. Neither can teach patience and discipline.
  • #246
  • Oct 18, 2022 11:30am Oct 18, 2022 11:30am
Quoting Waveskierrob
{quote} Hopefully you can see why I say keep an eye on your equity and not your Profit/Loss. You've probably notice that I treat multi SHORTS and LONGS as one trade not individually as some may be in the minus but in profit overall......I know it's hard but it's good "patience practice" to stay on DEMO
sure, i understand it quite well now. its really a playing with the price averages.

i have also an eye on the "pips closed"-section versus "pips open"-section which helps me.
trading is like dancing, don't think and just listen to the music!
  • #247
  • Oct 18, 2022 2:08pm Oct 18, 2022 2:08pm
Quoting Waveskierrob
{quote} 2. I'm not a guru but I do have some tools and ideas that may help 6. I work on average price and hedging 11. This is not for everyone and it's not easy
Great thread Waveskierrob!
I am really looking forward to learning more about hedging in your style and from the others here!
As I see you are very successful with hedge/averaging!

Could you please kindly tell me how to calculate the lot size for averaging the position?

For example you have 100 lots bought at 1.1295
Now price is 1.1345
How many lots should I buy to get my entry price 1.1336?

Thanks
Observer effect
  • #248
  • Oct 18, 2022 2:36pm Oct 18, 2022 2:36pm
Quoting ryuryu
{quote} Great thread Waveskierrob! I am really looking forward to learning more about hedging in your style and from the others here! As I see you are very successful with hedge/averaging! Could you please kindly tell me how to calculate the lot size for averaging the position? For example you have 100 lots bought at 1.1295 Now price is 1.1345 How many lots should I buy to get my entry price 1.1336? Thanks
Try for yourself on demo first use the smallest lots you can, then after a month of practice, you will be able to choose what lots you will be happy with...
  • #249
  • Oct 18, 2022 2:41pm Oct 18, 2022 2:41pm
@Waveskierrob, I have been experimenting this a bit. Can't figure out how you can place orders (buy and sell) for the same price, unless you actually just post limit orders and hope they get filled. Otherwise you always have the bid/ask spread to deal with.
  • #250
  • Oct 18, 2022 3:00pm Oct 18, 2022 3:00pm
Quoting dantpm
@Waveskierrob, I have been experimenting this a bit. Can't figure out how you can place orders (buy and sell) for the same price, unless you actually just post limit orders and hope they get filled. Otherwise you always have the bid/ask spread to deal with.
Have mention this in the first couple of posts of the thread....some brokers won't allow to trade both ways, so one will just cancel out the other, with my broker there are two options "net off" or "force open" maybe your broker has something similar, failing this have two brokers ....hope this helps...
  • #251
  • Oct 18, 2022 3:04pm Oct 18, 2022 3:04pm
Quoting Waveskierrob
{quote} Have mention this in the first couple of posts of the thread....some brokers won't allow to trade both ways, so one will just cancel out the other, with my broker there are two options "net off" or "force open" maybe your broker has something similar, failing this have two brokers ....hope this helps...
Thanks
  • #252
  • Oct 19, 2022 12:24am Oct 19, 2022 12:24am
Quoting Waveskierrob
{quote} Try for yourself on demo first use the smallest lots you can, then after a month of practice, you will be able to choose what lots you will be happy with...
I'm terribly sorry, but don't you think that your advice to try different lot sizes instead of using math formula is a kind of prediction?

But the title of your thread is

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and post#3 is:
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I'm little bit confused. The topic and the rules say the same thing, but in fact you just don't even know the simplest averaging formula?
What are you showing us here then? How to guess on the coffee grounds?

Then please change the thread title like "Guesswork: hedge/average" or "My dreams if I live in wonderland and can magically hedge/average any trade with zero knowledge".
Observer effect
  • #253
  • Oct 19, 2022 12:57am Oct 19, 2022 12:57am
Let see how the direct hedge worked on red NEws.
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I'm Currently hold a LONG position tho.
Not hedging
More time in the market, does not mean you trade better!
  • #254
  • Oct 19, 2022 12:59am Oct 19, 2022 12:59am
Quoting ryuryu
{quote} I'm terribly sorry, but don't you think that your advice to try different lot sizes instead of using math formula is a kind of prediction? But the title of your thread is {image} and post#3 is: {image} I'm little bit confused. The topic and the rules say the same thing, but in fact you just don't even know the simplest averaging formula? What are you showing us here then? How to guess on the coffee grounds? Then please change the thread title like "Guesswork: hedge/average" or "My dreams if I live in wonderland and can magically hedge/average...
Hey, if you're looking for trouble, get out of here!

we want to learn new things here in peace and with a positive attitude, without bias.
I sense provocation from you.

to the point: i'll start trading with 0.01 lots because my demo account only has $100. every LONG/SHORT hedge is opened with 0.01.

it's up to you which lot size you use, that's what waveski meant.

so i hope it's all a misunderstanding;-)
trading is like dancing, don't think and just listen to the music!
  • #255
  • Oct 19, 2022 1:12am Oct 19, 2022 1:12am
Quoting Fardeen1209
Let see how the direct hedge worked on red NEws.{image}I'm Currently hold a LONG position tho. Not hedging
BUY SL HIT atm
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My Longs also stopped out.
More time in the market, does not mean you trade better!
  • #256
  • Oct 19, 2022 1:18am Oct 19, 2022 1:18am
Quoting Fardeen1209
{quote} BUY SL HIT atm {image}My Longs also stopped out.
why do u use SL??
trading is like dancing, don't think and just listen to the music!
  • #257
  • Oct 19, 2022 1:23am Oct 19, 2022 1:23am
Quoting birdland
{quote} why do u use SL??
I am learning how this direct hedge worked. I usually trade one side at a time from zone to zone.

I always used SL.
More time in the market, does not mean you trade better!
  • #258
  • Oct 19, 2022 1:57am Oct 19, 2022 1:57am
Quoting ryuryu
{quote} I'm terribly sorry, but don't you think that your advice to try different lot sizes instead of using math formula is a kind of prediction? But the title of your thread is {image} and post#3 is: {image} I'm little bit confused. The topic and the rules say the same thing, but in fact you just don't even know the simplest averaging formula? What are you showing us here then? How to guess on the coffee grounds? Then please change the thread title like "Guesswork: hedge/average" or "My dreams if I live in wonderland and can magically hedge/average...
You're right nothing to see here so you can move on while we bounce happily around in our wonderland.
  • #259
  • Oct 19, 2022 2:31am Oct 19, 2022 2:31am
here is a nice indy which i use to monitor my trades&account
Attached Image (click to enlarge)
Click to Enlarge Name: tradeinfo.png Size: 8 KB
Attached File(s)
File Type: ex4 TradeInfo.ex4   91 KB | 393 downloads
trading is like dancing, don't think and just listen to the music!
  • #260
  • Oct 19, 2022 2:32am Oct 19, 2022 2:32am
Quoting Fagin
{quote} You're right nothing to see here so you can move on while we bounce happily around in our wonderland.
Hi bud. it is wise to use different lot size or actually a small lot size, even demo to get the experience on how to trade this.
Nothing beats real cash.lol.
i'm not posting this to you, just saying to the nay poster.
yaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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