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Hedging/averaging trades without prediction

  • #381
  • Oct 20, 2022 6:00am Oct 20, 2022 6:00am
Quoting charli86
{quote} Hi mate, I think I`ve got the right track,see example pls.... I'll start to practice big time... {image}
can't see when you placed your trades, that's why I trade real time...
  • #382
  • Oct 20, 2022 7:05am Oct 20, 2022 7:05am
Quoting WizardTrade
{quote} Educational Post # 4 Role of Chart Structure and Un-hedging your Trades: The Secret Ingredient I don't see any problem with your buy stops but the main problem is the market structure. If the price keeps falling and you sell and buy on each continuation and retracement then soon your equity will become insufficient to fuel the engine. So in this case you MUST use lot sizing schedule to overcome this challenge. If I were in your place I would look for alternatives. Do I need to open direct hedges, I mean 1:1 lot sizes for each buy and sell?...
Hmm... Interesting take on opening percentage hedge here. I never quite did that before, only backtested it very briefly. I thought that was semi martingale but thinking about it more.... It probably isn't. As in if price were to bounce up and down multiple times, I should only be 1 lot up each time? The only cons to this is increasing margin everytime new trades are opened I believe. Maybe that is something I could try.

What is 'recurrent position opening'? Does that mean continually opening up and not closing positions? Also why would risk reward be exactly important when hedging is theoretically a 'never lose' MM style of trading? Unless I'm missing something....

I do want to give this type of hedge a shot as I do believe in hedging with some sort of technical analysis. But looking at Waveskierrob, he's on fire with his direct hedge. Might have to demo both styles at the same time.... As long as I don't get confused....
  • #383
  • Oct 20, 2022 8:28am Oct 20, 2022 8:28am
Quoting Strykes
{quote} Hmm... Interesting take on opening percentage hedge here. I never quite did that before, only backtested it very briefly. I thought that was semi martingale but thinking about it more.... It probably isn't. As in if price were to bounce up and down multiple times, I should only be 1 lot up each time? The only cons to this is increasing margin everytime new trades are opened I believe. Maybe that is something I could try. What is 'recurrent position opening'? Does that mean continually opening up and not closing positions? Also why would...
good point. i will learn only waves approach first, because i dont want to confuse with percentages. so i make it with my own ideas to "my own" and then, maybe, i learn other tactics.

i look at risk/reward, but just because i am curious. it tells me nothing at the moment...stop...only that a newbye would beat their hands over their heads in despair...and THATs what i am looking for....because i enjoy "Study all the conventional wisdom, and then do NOT do that"
trading is like dancing, don't think and just listen to the music!
  • #384
  • Oct 20, 2022 9:19am Oct 20, 2022 9:19am
this was another interesting day, which i think i will end now AND continue tomorrow.

i have +218 closed trades and -138 floating, so experiment to fix this will start tomorrow. i know i can close all, but i want to see how i will dig myself out of the hole
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #385
  • Oct 20, 2022 9:43am Oct 20, 2022 9:43am
Quoting birdland
this was another interesting day, which i think i will end now AND continue tomorrow. i have +218 closed trades and -138 floating, so experiment to fix this will start tomorrow. i know i can close all, but i want to see how i will dig myself out of the hole {image}

That is one serious big hole.
Lets hope it goes well.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #386
  • Oct 20, 2022 10:05am Oct 20, 2022 10:05am
Quoting billytt
{quote} That is one serious big hole. Lets hope it goes well. Trade well.
yes i know...but i will not bring all pips home. i will try to lower the floating loss and i am happy
trading is like dancing, don't think and just listen to the music!
  • #387
  • Oct 20, 2022 10:45am Oct 20, 2022 10:45am
Quoting birdland
{quote} yes i know...but i will not bring all pips home. i will try to lower the floating loss and i am happy
You’ll cruise through it. No sweat
  • #388
  • Oct 20, 2022 12:06pm Oct 20, 2022 12:06pm
Today I lost some pips live on EURGBP, I follow my strategy, but if I only hedge this way, and not use SL instead I would go in profit, worst case smaller loss, I`ve got a signal at 11:40 GMT+2 if someone wants to check with Wave approach ...
Make your own rules and stick to it.
  • #389
  • Oct 20, 2022 12:48pm Oct 20, 2022 12:48pm
Quoting charli86
Today I lost some pips live on EURGBP, I follow my strategy, but if I only hedge this way, and not use SL instead I would go in profit, worst case smaller loss, I`ve got a signal at 11:40 GMT+2 if someone wants to check with Wave approach ...
Sorry can't give any advice don't really understand what you are saying, but you're giving it a go, good on yea...
  • #390
  • Oct 20, 2022 1:22pm Oct 20, 2022 1:22pm
Quoting Waveskierrob
{quote} Sorry can't give any advice don't really understand what you are saying, but you're giving it a go, good on yea...
Sorry you are right, i am trying with my approach as well, you mastered hedge big time, for me is a more psychological issue to just let it go and concetrate to make money instead to be right or wrong...We’ll see... Thanks again
Make your own rules and stick to it.
  • #391
  • Oct 20, 2022 1:30pm Oct 20, 2022 1:30pm
Quoting charli86
{quote} Sorry you are right, i am trying with my approach as well, you mastered hedge big time, for me is a more psychological issue to just let it go and concetrate to make money instead to be right or wrong...We’ll see... Thanks again
Reading your post tells me that you're on the right track, remember it takes time, you'll make many mistakes but that's when you learn.....
  • #392
  • Oct 21, 2022 2:25am Oct 21, 2022 2:25am
Going to try something new, every 5 mins going to flip a coin open trade no sl no tp, if trade in profit then will closed trade, if trade not in profit then will flip again, it like a random averaging/hedge...

TRADE 22 .....EU ....SHORT no sl no tp...9800
  • #393
  • Oct 21, 2022 2:31am Oct 21, 2022 2:31am
Quoting Waveskierrob
Going to try something new, every 5 mins going to flip a coin open trade no sl no tp, if trade in profit then will closed trade, if trade not in profit then will flip again, it like a random averaging/hedge... TRADE 22 .....EU ....SHORT no sl no tp...9800
TRADE 22 SHORT close .....@ 9796 +4...........running total +289
  • #394
  • Oct 21, 2022 2:35am Oct 21, 2022 2:35am
TRADE 23......EU ....SHORT ...no sl no tp......@ 9798
  • #395
  • Oct 21, 2022 2:40am Oct 21, 2022 2:40am
Quoting Waveskierrob
TRADE 23......EU ....SHORT ...no sl no tp......@ 9798
TRADE 23 closed.... @ 9792 +6.......running total +295
  • #396
  • Oct 21, 2022 2:45am Oct 21, 2022 2:45am
TRADE 24..... EU.........LONG @9792 no sl no tp
  • #397
  • Oct 21, 2022 2:50am Oct 21, 2022 2:50am
Quoting Waveskierrob
TRADE 24..... EU.........LONG @9792 no sl no tp
LONG @ 9788 no sl no tp
  • #398
  • Oct 21, 2022 2:55am Oct 21, 2022 2:55am
Quoting Waveskierrob
{quote} LONG @ 9788 no sl no tp
SHORT @ 9786 no sl no tp
  • #399
  • Oct 21, 2022 3:00am Oct 21, 2022 3:00am
Quoting Waveskierrob
{quote} SHORT @ 9786 no sl no tp
SHORT @ 9788 no sl no tp
  • #400
  • Oct 21, 2022 3:05am Oct 21, 2022 3:05am
Quoting Waveskierrob
{quote} SHORT @ 9788 no sl no tp
SHORT @ 9781 no sl no tp
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