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Hedging/averaging trades without prediction

  • #461
  • Oct 22, 2022 8:11am Oct 22, 2022 8:11am
Quoting d5400
{quote} An example: 1) buy+sell with TP 2) sell hits TP, open another sell with TP and another buy without TP 3) repeat until buys are in profit on average, or overall position in profit, as you wish Try it, experience is the best teacher.
where do we use pending orders?
  • #462
  • Oct 22, 2022 8:37am Oct 22, 2022 8:37am
Quoting d5400
{quote} An example: 1) buy+sell with TP 2) sell hits TP, open another sell with TP and another buy without TP 3) repeat until buys are in profit on average, or overall position in profit, as you wish Try it, experience is the best teacher.
If price keep dropping from your point 2) what will happen is your sells will be all in profit but your buys will keep increasing hugely the drawdown.
If your account is not big than you will blow it very soon.
So what's the logic to recover the losses from buys?

I admit this idea will work on ranging markets but when trending is almost secure margin call
  • #463
  • Oct 22, 2022 8:54am Oct 22, 2022 8:54am
Quoting nveemjay
{quote} where do we use pending orders?
I think OP calls TP pending orders. But I guess he could also use STOP+LIMIT pair when price reaches certain level. Possibilities are limitless, let us know what you find.
1.02^200
  • #464
  • Edited 9:12am Oct 22, 2022 8:56am | Edited 9:12am
Seems to be the same old questions again and again, before posting the same questions read and I do mean read the first page, if you had you wouldn't be asking the same questions, you have to do your part it, don't expect just to come on here and have others tell you when and when not to trade ITS NOT A SIGNALLING SERVICE there are also live trades for you to study, apart from placing trades for you using my money I don't know what else I can do for you
  • #466
  • Oct 22, 2022 9:39am Oct 22, 2022 9:39am
Quoting Bainbrito
Hidden
Brilliant...
  • #467
  • Oct 22, 2022 9:43am Oct 22, 2022 9:43am
Quoting Waveskierrob
Seems to be the same old questions again and again, before posting the same questions read and I do mean read the first page, if you had you wouldn't be asking the same questions, you have to do your part it, don't expect just to come on here and have others tell you when and when not to trade ITS NOT A SIGNALLING SERVICE there are also live trades for you to study, apart from placing trades for you using my money I don't know what else I can do for you
Read the first page that's why the question.
More people asked more or less the same question on page1 but no answer yet.
So what's the point of this thread?
I trade a similar logic that want to keep for myself but didn't open a thread.
  • #468
  • Oct 22, 2022 9:50am Oct 22, 2022 9:50am
Quoting Merka
{quote} Read the first page that's why the question. More people asked more or less the same question on page1 but no answer yet
the questions are answered but it needs a lot of time to understand them. its a paradox, like life.

you need to jump into the water to know what it needs to swim. the hard way, practice, is the only way. there are no shortcuts.

demo or try a trading simulator at least. but i am not a great fan of it.
trading is like dancing, don't think and just listen to the music!
  • #469
  • Oct 22, 2022 11:10am Oct 22, 2022 11:10am
Quoting Merka
{quote} Read the first page that's why the question. More people asked more or less the same question on page1 but no answer yet. So what's the point of this thread? I trade a similar logic that want to keep for myself but didn't open a thread.
Did you read second page?
1.02^200
  • #470
  • Oct 22, 2022 1:06pm Oct 22, 2022 1:06pm
Quoting Merka
{quote} Read the first page that's why the question. More people asked more or less the same question on page1 but no answer yet. So what's the point of this thread? I trade a similar logic that want to keep for myself but didn't open a thread.
Looks like no point, so this thread not for you ...cheers .
  • #471
  • Oct 22, 2022 3:56pm Oct 22, 2022 3:56pm
Quoting d5400
{quote} An example: 1) buy+sell with TP 2) sell hits TP, open another sell with TP and another buy without TP 3) repeat until buys are in profit on average, or overall position in profit, as you wish Try it, experience is the best teacher.
I have been hedging for moe than a year but this is not how I did mine, plsss can you explain more.
  • #472
  • Oct 22, 2022 4:29pm Oct 22, 2022 4:29pm
Quoting WizardTrade
Educational Post 1: I have a couple of questions to test the waters. If the readers of this thread may answer these: 1. What is a direct hedge? What do you know about it? 2. Have you ever applied hedging in your trading? If yes, then how did you do it? What were the challenges you faced while keeping the trades hedged? 3. Did you leave the hedge midway and lost all trades involved in the hedge? A visual example will be a plus to understand how you played it out in your trading? More questions to follow. I will give you the clues retrospectively...
1- Direct hedge, I usually open buy order GBPUSD and set sell limit (double of my initial entry) with interval of 5pips with 15TF
2- Yes I have been hedge for more than a year, unfortunately I ended loosing my entire capital, My challenge I go out of leverage cause my equity is always $200
3- I end of loosing everything, I wish I can share my trading history but I,m new member here I just register today I dont know to share it.
  • #473
  • Oct 22, 2022 7:41pm Oct 22, 2022 7:41pm
Quoting SarakiFX
{quote} 1- Direct hedge, I usually open buy order GBPUSD and set sell limit (double of my initial entry) with interval of 5pips with 15TF 2- Yes I have been hedge for more than a year, unfortunately I ended loosing my entire capital, My challenge I go out of leverage cause my equity is always $200 3- I end of loosing everything, I wish I can share my trading history but I,m new member here I just register today I dont know to share it.
with $200, your timeframe is not enough. Change your TF to 1hr at least. Daily range expansions runs you over. Not 5pips, but 20 pips or 50pips for you.
1.02^200
  • #474
  • Oct 22, 2022 9:12pm Oct 22, 2022 9:12pm
Before Waveskierrob, my car had square wheels. Now it has round wheels. One side with TP, the other side without TP, makes wheels round.
Attached Image (click to enlarge)
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  • #475
  • Oct 24, 2022 12:24am Oct 24, 2022 12:24am
Attached Image (click to enlarge)
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  • #476
  • Oct 24, 2022 12:59am Oct 24, 2022 12:59am
Quoting nveemjay
{image}
Great for short amount of time, what would really help this thread and your trading is if you post trades as you open and close .....well done cheers ...
  • #477
  • Oct 24, 2022 1:05am Oct 24, 2022 1:05am
Quoting Waveskierrob
{quote} Great for short amount of time, what would really help this thread and your trading is if you post trades as you open and close .....well done cheers ...
at the moment i trade so fast and intense. i will try when i have it more quiet or more routine later.
trading is like dancing, don't think and just listen to the music!
  • #478
  • Oct 24, 2022 1:14am Oct 24, 2022 1:14am
Quoting Waveskierrob
{quote} Great for short amount of time, what would really help this thread and your trading is if you post trades as you open and close .....well done cheers ...
at the last moment I used close all EA.
  • #479
  • Oct 24, 2022 1:26am Oct 24, 2022 1:26am
ok waiting for the red news on GU and then doing my first random trade here;-)
trading is like dancing, don't think and just listen to the music!
  • #480
  • Oct 24, 2022 1:35am Oct 24, 2022 1:35am
Long/short @ 3109, tp 5
trading is like dancing, don't think and just listen to the music!
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