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Hedging/averaging trades without prediction

  • #1,641
  • Dec 14, 2022 2:24pm Dec 14, 2022 2:24pm
Quoting SilentFather
Guys please, I never seen this before. What is happening? When I open buy and sell, then I close profitable position, both of them are closed, but one is always 0 profit. How & why? Am I missing something? Broker is IC Markets. Never had any problems. This is first time seeing this. I thought that this is some kind weird glitch of MT4 on mobile, but ok desktop it shows the same. Can anyone explain? I could always open buy and sell and then close only one position. This is not possible now. :/ It's some kind of protection when market is moving fast...
The quantity is 0?
  • #1,642
  • Dec 14, 2022 2:33pm Dec 14, 2022 2:33pm
Quoting Pat Chiko
{quote} GU Partial TP - to buy Christmas present.{image}
GU

One spike please.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,643
  • Dec 14, 2022 5:03pm Dec 14, 2022 5:03pm
Quoting SilentFather
Guys please, I never seen this before. What is happening? When I open buy and sell, then I close profitable position, both of them are closed, but one is always 0 profit. How & why? Am I missing something? Broker is IC Markets. Never had any problems. This is first time seeing this. I thought that this is some kind weird glitch of MT4 on mobile, but ok desktop it shows the same. Can anyone explain? I could always open buy and sell and then close only one position. This is not possible now. :/ It's some kind of protection when market is moving fast...

You used the CloseBy function. What this does is you close 2 opposite tickets - your sell effectively became a TP/SL. I actually wrote scripts for this which i contributed over here.

Check if you used Close or CloseBy.
Leave the Gun, Take the Armani
  • #1,644
  • Dec 14, 2022 7:39pm Dec 14, 2022 7:39pm
evening update as of 8:30pm, EST. Have numerous pending Sell trades below current price...will continue to stack pending trades ("clock icons") at prices that currently hold open sell trades ("arrow icons"). Current DD ~31%. If DD hits 50%, then I'll add another $100 USD to the account...current BE @ 105.38.
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  • #1,645
  • Dec 14, 2022 7:50pm Dec 14, 2022 7:50pm
Quoting davelansing
evening update as of 8:30pm, EST. Have numerous pending Sell trades below current price...will continue to stack pending trades ("clock icons") at prices that currently hold open sell trades ("arrow icons"). Current DD ~31%. If DD hits 50%, then I'll add another $100 USD to the account...current BE @ 105.38. {image}
Didn't get a chance to hedge with TP?
1.02^200
  • #1,646
  • Dec 14, 2022 11:21pm Dec 14, 2022 11:21pm
Quoting Pat Chiko
{quote} GU One spike please.{image}
GU

Thinking of this set up today based on TA and taking into consideration of few major news today ( Fundamental)
Any comment welcome.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,647
  • Dec 14, 2022 11:51pm Dec 14, 2022 11:51pm
Quoting cliffjaded
{quote} You used the CloseBy function. What this does is you close 2 opposite tickets - your sell effectively became a TP/SL. I actually wrote scripts for this which i contributed over here. Check if you used Close or CloseBy.
Got you guys... As said, I used cTrader for more than a year. Not even sure why I came back to MT4 for now.

Anyway.... Yesterday I wasn't reading what I'm clicking properly...
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Also this mistake was sadly an unnecessary loss yesterday on my real acc. It's my testing acc. Well anyway I don't wanna lose thanks to weird closing options of MT4. xD
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Thanks a lot guys. Now I got it. (I never had same problem on PC) and I probably forgot this option is even there. Especially on mobile MT4..

SF
  • #1,648
  • Dec 15, 2022 12:05am Dec 15, 2022 12:05am
Quoting Pat Chiko
{quote} GU Thinking of this set up today based on TA and taking into consideration of few major news today ( Fundamental) Any comment welcome.{image}{image}
Longer term.
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1.02^200
  • #1,649
  • Dec 15, 2022 12:54am Dec 15, 2022 12:54am
Quoting xav
Dude... why would i? Why do you assume that an ignore is anything other than i just don't want to swift through posts that contribute less than nothing? Look at those posters, look at the absolute garbage they post. You're right, we're not in kindergarden so don't be so touchy feely especially when you just assume other people's supposed hurt that has nothing to do with you. I mean... I just asked a question here.
it just irritated me...hopefully the question is answered now and you understand it;-)
trading is like dancing, don't think and just listen to the music!
  • #1,650
  • Dec 15, 2022 12:57am Dec 15, 2022 12:57am
Quoting Pat Chiko
{quote} GU Thinking of this set up today based on TA and taking into consideration of few major news today ( Fundamental) Any comment welcome.{image}{image}
I am thinking the sell can continue until 1.2278 before buyers will step in.
  • #1,651
  • Dec 15, 2022 2:02am Dec 15, 2022 2:02am
Quoting pipcenturion
{quote} I am thinking the sell can continue until 1.2278 before buyers will step in.
1.2332 maybe. We'll see. We can be sure they will eat sellers. :o) We may go (if H1 chart) under the last spike. Then UP. Since people will think it will move down under it and then break.. That will not happen sadly.

SF
  • #1,652
  • Dec 15, 2022 2:53am Dec 15, 2022 2:53am
So, that was very fast actually. Don't mind the buy, it's demo acc for hedging fun. Sell was closed few mins back. Wait until this stabilize itself and we can go for longs again. :]

SF
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  • #1,653
  • Dec 15, 2022 2:56am Dec 15, 2022 2:56am
Quoting Pat Chiko
{quote} GU Thinking of this set up today based on TA and taking into consideration of few major news today ( Fundamental) Any comment welcome.{image}{image}
GU

Stopped out.
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Quoting pipcenturion
{quote} I am thinking the sell can continue until
Quoting pipcenturion
1.2278 before buyers will step in.


Thanks Bro. YEs, you're right again on those level.
Admire your precision on trade level.
Will be watching your post.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,654
  • Dec 15, 2022 2:59am Dec 15, 2022 2:59am
Quoting Pat Chiko
{quote} GU Stopped out.{image} {quote} Thanks Bro. YEs, you're right again on those level. Admire your precision on trade level. Will be watching your post.
You have pretty nice trades Chiko. ;o) You trade live acc?

SF
  • #1,655
  • Dec 15, 2022 3:03am Dec 15, 2022 3:03am
Quoting Pat Chiko
{quote} GU Stopped out.{image} {quote} Thanks Bro. YEs, you're right again on those level. Admire your precision on trade level. Will be watching your post.
Guys,

do you have inflation in Malaysia this year?
  • #1,656
  • Dec 15, 2022 3:18am Dec 15, 2022 3:18am
GU

Scalp long to SRF zone.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,657
  • Dec 15, 2022 3:25am Dec 15, 2022 3:25am
Quoting SilentFather
{quote} 1.2332 maybe. We'll see. We can be sure they will eat sellers. :o) We may go (if H1 chart) under the last spike. Then UP. Since people will think it will move down under it and then break.. That will not happen sadly. SF
I think this mini rally will end around the level you wrote (actually 1.2339) then we should sell back to 1.2278 region.
  • #1,658
  • Dec 15, 2022 3:30am Dec 15, 2022 3:30am
my simple plan.. another last swing high (hope today) before the fall
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  • #1,659
  • Dec 15, 2022 3:37am Dec 15, 2022 3:37am
Quoting pipcenturion
{quote} I think this mini rally will end around the level you wrote (actually 1.2339) then we should sell back to 1.2278 region.
GU

Everyday, when opening up the chart, I will be looking for possible LQ zone.
Trying to read MM next moves for LQ clear out.

I don't really play according to market direction, but am interested on LQ.
LQ fueled yesterday moves on US CPI Data release.

I realise MM and institutional player do have deep pocket to push price to LQ zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 044.jpg Size: 184 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,660
  • Dec 15, 2022 3:42am Dec 15, 2022 3:42am
Quoting pipcenturion
{quote} I think this mini rally will end around the level you wrote (actually 1.2339) then we should sell back to 1.2278 region.
Having said that in my last post, I wonder, why price has "traveled its distance for the day".....if there are sellers to keep pushing it they will search for liquidity as deep as needed.....

Or it's just for them getting discounted price for BoE Interest Rate Decision.
Still thinking or this moves.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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