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Hedging/averaging trades without prediction

  • #261
  • Oct 19, 2022 2:52am Oct 19, 2022 2:52am
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...
Firstly, thanks for posting

" 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?"

No, how can a suggestion to use different lot sizes be a prediction? (if anybody else can answer this question please jump in)... what am I predicting? I don't know if English is your first language so please forgive but the title implies I don't predict which way the price/market will go (sorry if anyone thought different but now you know)...

"The topic and the rules say the same thing, but in fact you just don't even know the simplest averaging formula?"

There are not rules just guidelines (must be a Pirates of the Caribbean pun in there somewhere...) and yes, I don't know the simplest averaging formula and I don't want to know but you carry on of it works for you...

"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"

I do like you thread names the "Guesswork: hedge/average" is really the same as the original Guesswork/Pediction mean the same thing (sorry again if English not your first language) but the second one is definitely my favourite but no "if's" about it I DO live in wonderland, yes somehow, I can magically hedge/average any trade, I did have a lot of knowledge and now trying to losing it, not quite at zero but getting there...

Hope this helps, just wondering do you have your own thread...

Please let me know what you want from this thread, but it is what it is
  • #262
  • Oct 19, 2022 2:58am Oct 19, 2022 2:58am
Thanks for the idea Wave, I never use this approach, back to post number 7 of Pat Chiko, is this trade right, am I getting understood it right?
Spread was 3 pips for GY and i created a market order of entry ,one short one long , 2 pips tp on this example....
Attached Image (click to enlarge)
Click to Enlarge Name: hedgtest1.png Size: 23 KB
Make your own rules and stick to it.
  • #263
  • Oct 19, 2022 3:06am Oct 19, 2022 3:06am
Quoting charli86
Thanks for the idea Wave, I never use this approach, back to post number 7 of Pat Chiko, is this trade right, am I getting understood it right? Spread was 3 pips for GY and i created a market order of entry ,one short one long , 2 pips tp on this example.... {image}
yea give it a go, learn by experience, let us know how it pans out ...
  • #264
  • Oct 19, 2022 3:08am Oct 19, 2022 3:08am
Quoting Waveskierrob
{quote} yea give it a go, learn by experience, let us know how it pans out ...
Thanks, must practice as you said, and get used to it...
Make your own rules and stick to it.
  • #265
  • Oct 19, 2022 3:22am Oct 19, 2022 3:22am
TRADE 18 ...FTSE.... LONG and SHORT no sl tp +3...@ 8696
  • #266
  • Oct 19, 2022 3:28am Oct 19, 2022 3:28am
Quoting Waveskierrob
TRADE 18 ...FTSE.... LONG and SHORT no sl tp +3...@ 8696
SHORT tp hit +3......SHORT again @ 8690 no sl tp +3
  • #267
  • Oct 19, 2022 3:32am Oct 19, 2022 3:32am
Quoting Waveskierrob
{quote} SHORT tp hit +3......SHORT again @ 8690 no sl tp +3
LONG tp hit +3
  • #268
  • Oct 19, 2022 3:37am Oct 19, 2022 3:37am
Quoting Strykes
To WizardTrade, I got a little confused because your first post said "tear this strategy down", which I thought you meant "it's bad" lol. Anyways interesting write-up. I did demo this and then traded it live in 0.01 lot sizes. The amount lost was small to be honest largely because most of my buy sell trades cancelled each other out. I'd say the issue I have is : 1. Unhedging my trades My buy stops hedges are just above previous high, where price quite often will hit and revert back (so I bought at its very top). That's very difficult and time consuming...
I will post the remaining material today. I got busy somewhere so didn't post yesterday. Catch you soon.
WARNING: This post warps space and time in its vicinity.
  • #269
  • Oct 19, 2022 3:38am Oct 19, 2022 3:38am
Quoting Waveskierrob
{quote} yea give it a go, learn by experience, let us know how it pans out ...
I tried your strategy and at one point I am confused. As per your suggestion, we will open two trades at the same time with tp being one pip. When the tp of one side will get hit say sell trade closed due to TP, now, would we place a buy trade instantly with TP 1 or we are required to place a buy and sell trade again?
In the second case, we would have 3 active trades one fully hedged and one sell trade being open whether in profit or in the loss.
Waiting for your guidance in this regard.Thanks in anticipation
Admit & be admitted
  • #270
  • Oct 19, 2022 3:44am Oct 19, 2022 3:44am
Quoting Waveskierrob
{quote} SHORT tp hit +3......SHORT again @ 8690 no sl tp +3
OK this SHORT hit tp so I SHORTED again immediately if I had waited price went up and hit LONG tp would have been out +6, but I did SHORT again, when LONG hit tp this time I waited, no rules I like to mix it up a bit
  • #271
  • Oct 19, 2022 3:46am Oct 19, 2022 3:46am
Quoting Waveskierrob
{quote} LONG tp hit +3
Pending SHORT no sl no tp ...LONG no sl tp +3 ...@ 8710
  • #272
  • Oct 19, 2022 3:50am Oct 19, 2022 3:50am
Quoting Ehtishamejaz
{quote} I tried your strategy and at one point I am confused. As per your suggestion, we will open two trades at the same time with tp being one pip. When the tp of one side will get hit say sell trade closed due to TP, now, would we place a buy trade instantly with TP 1 or we are required to place a buy and sell trade again? In the second case, we would have 3 active trades one fully hedged and one sell trade being open whether in profit or in the loss. Waiting for your guidance in this regard.Thanks in anticipation
if your SELL hits your tp then place SELL again with tp, if it happens again then repeat...
  • #273
  • Oct 19, 2022 3:52am Oct 19, 2022 3:52am
Just look at this guy man... killing it in the shadows of forex factory..

Hahahah, wow.. taking it to another level.

When you're that good that normal way of trading doesn't cut it anymore.. LoooL

Awesome!
  • #274
  • Oct 19, 2022 3:54am Oct 19, 2022 3:54am
Saw many traders jump in and jump out within 3-5mins with +/- 3 pips TP.
I usually dont trade like this, but i do want to apply the Direct hedging method during cloudy market environments.
Below is a hypothetical example depicted to my trading style.
If there is something wrong init, can someone please shed some light. I have not yet applied it in a small demo account, i try to understand it first fully.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (45).png Size: 63 KB

There is some margin of error in those calculations. It is just an example.
More time in the market, does not mean you trade better!
  • #275
  • Oct 19, 2022 3:55am Oct 19, 2022 3:55am
Quoting Waveskierrob
{quote} Pending SHORT no sl no tp ...LONG no sl tp +3 ...@ 8710
SHORT and LONG triggered
  • #276
  • Oct 19, 2022 3:56am Oct 19, 2022 3:56am
SORRY getting my 6's and 8's mixed up ... but you know what I mean
  • #277
  • Oct 19, 2022 3:59am Oct 19, 2022 3:59am
Quoting TheWolf
Just look at this guy man... killing it in the shadows of forex factory.. Hahahah, wow.. taking it to another level. When you're that good that normal way of trading doesn't cut it anymore.. LoooL Awesome!
Cheers Wolfie
Attached Image (click to enlarge)
Click to Enlarge Name: How common were Maoist groups in 1970s Britain_.jpg Size: 32 KB
  • #278
  • Oct 19, 2022 4:04am Oct 19, 2022 4:04am
Quoting Waveskierrob
{quote} SHORT and LONG triggered
LONG tp hit +3
  • #279
  • Oct 19, 2022 4:11am Oct 19, 2022 4:11am
Quoting Waveskierrob
{quote} LONG tp hit +3
Pending SHORT no sl no tp....LONG no sl tp+3...@6725
  • #280
  • Oct 19, 2022 4:12am Oct 19, 2022 4:12am
[quote=Waveskierrob;14186535]{quote} Cheers Wolfie {image}[/quote

Power to the people, yaaaaaaaaaaaaaaaaaaaaaaaaay or Traders.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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