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Hedging/averaging trades without prediction

  • #1,721
  • Dec 22, 2022 10:02am Dec 22, 2022 10:02am
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
  • #1,722
  • Dec 22, 2022 10:04am Dec 22, 2022 10:04am
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
LONG tp hit +2
  • #1,723
  • Dec 22, 2022 10:18am Dec 22, 2022 10:18am
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
SHORT tp hit +2
  • #1,724
  • Dec 22, 2022 10:18am Dec 22, 2022 10:18am
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
TRADE 61 +4 ...running total +862
  • #1,725
  • Dec 23, 2022 2:10pm Dec 23, 2022 2:10pm
I just had time to trade about 30min this afternoon.
This time on AU, EU, GU and first time on DJ30...

Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 181 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 209 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 212 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DJ30.jpg Size: 233 KB

I actually did set up a TP on my average Trades on DJ30 because I had to leave... For some reason they were not saved.... So I ended up with a massive profit...

On AN, the last trades were 8 Trades in total to average my 2 sell trades. Ending in 30ish pips profit.

I for myself think, that I don't want to trade DJ30 on a live account with my style of Hedge and Average.... When this sucker is moving with some money in it's backpack.... It will destroy you in a huge move.... Will further test it anyway ;-)

Until then... I wish everyone a merry christmas and a perfect start for 2023
  • #1,726
  • Dec 25, 2022 4:28pm Dec 25, 2022 4:28pm
Quoting davelansing
Hi all... It's been awhile since my last update (Dec 14, 2022): {quote} So, based on my testing, one best option: Hedge the USD by buying/selling multiple USD pairs as one basket (i.e. buy: USDCAD, USDCHF, USDJPY; sell: AUDUSD, EURUSD, GBPUSD - this arrangement minimizes swap cost). This is hedging in the broadest sense: for EACH pair, buy trades will be opened at 25 pip intervals only when the respective price is moving up, and sell trades opened at 25 pip intervals only when the respective price is moving down- no indicators, no PA analysis, no...
hi Dave, for hedging purposes you buy or sell the six pairs, but I`m sure that is what you meant....
  • #1,727
  • Dec 26, 2022 12:04pm Dec 26, 2022 12:04pm
Quoting yonnie
{quote} hi Dave, for hedging purposes you buy or sell the six pairs, but I`m sure that is what you meant....
yeah, you're absolutely right, and that's why I deleted the previous post. I was typing without thinking (https://m.youtube.com/@veritasium), lol. Thank you yonnie for catching the error.
  • #1,728
  • Dec 26, 2022 1:01pm Dec 26, 2022 1:01pm
Quoting davelansing
{quote} yeah, you're absolutely right, and that's why I deleted the previous post. I was typing without thinking (https://m.youtube.com/@veritasium), lol. Thank you yonnie for catching the error.
What little I can see from the quote is interesting.
1.02^200
  • #1,729
  • Edited 7:18pm Dec 26, 2022 4:08pm | Edited 7:18pm
Quoting d5400
{quote}What little I can see from the quote is interesting.
HI d5400,

As yonnie correctly pointed out, the six pairs are either all buy or all sell, not a mixture of both. So basically, the USD is hedged out, though not completely, since the same lot size will be used for all pairs.

Considering the cost of the overnight swap fees for selling the USD, I might be better off focusing only on the EURUSD and just open a sub-account to hedge (although OANDA seems to be frequently changing its swap fees), but I’m being stupidly stubborn and want to make it work with only having one account.
  • #1,730
  • Dec 27, 2022 1:29am Dec 27, 2022 1:29am
Quoting Bainbrito
Great thread W - I am really looking forward to learning more about hedging in your style and from the others here. I am very cautious about hedging as the biggest single loss I’ve ever had (over 5k) was due to a hedge that got out of control. Since then I’ve had some success with hedging but far from an expert. Even so I think it is better than the ‘death by a thousand cuts’ approach many people adopt by using tight stop losses. My own approach is simple and was inspired by a book called Profit First by Mike Michalowicz. If every trade has 3 potential...
thought of similar idea when I was actually playing a video. Great idea though and I will like to add my 2 cents to the hedging strategy. Mathematically, you will win more trades than lose and I was thinking using a leverage of 100X instead of 500X so as to give the opened position enough breathing room to be able to reverse
  • #1,731
  • Dec 27, 2022 1:39am Dec 27, 2022 1:39am
hi Dave,
to minimise the swap you could trade the swap positive pairs buy U/J, U/CH and sell E/U; the negative swap pairs buy N/U, G/U and sell U/C....dont know what Oanda would charge for all that.....
  • #1,732
  • Dec 27, 2022 6:09am Dec 27, 2022 6:09am
TRADE 62...EU ....SHORT and LONG @ 10652 no sl tp +3
  • #1,733
  • Dec 27, 2022 6:15am Dec 27, 2022 6:15am
Quoting Waveskierrob
TRADE 62...EU ....SHORT and LONG @ 10652 no sl tp +3
SHORT tp hit +3
  • #1,734
  • Dec 27, 2022 6:45am Dec 27, 2022 6:45am
EU......pending LONG 10642 no sl no tp .....pending SHORT 10642 no sl tp +3
  • #1,735
  • Dec 27, 2022 6:52am Dec 27, 2022 6:52am
Quoting Waveskierrob
EU......pending LONG 10642 no sl no tp .....pending SHORT 10642 no sl tp +3
both pending trades triggered
  • #1,736
  • Dec 27, 2022 6:53am Dec 27, 2022 6:53am
[quote=Waveskierrob;14267464]{quote} both pending trades triggered[/quote
SHORT tp hit +3
  • #1,737
  • Dec 27, 2022 7:09am Dec 27, 2022 7:09am
LONG again 10625 no sl no tp
  • #1,738
  • Dec 27, 2022 7:22am Dec 27, 2022 7:22am
pending SHORT @ 10625 no sl tp +3
  • #1,739
  • Dec 27, 2022 7:28am Dec 27, 2022 7:28am
Quoting Waveskierrob
pending SHORT @ 10625 no sl tp +3
SHORT triggered
  • #1,740
  • Dec 27, 2022 7:48am Dec 27, 2022 7:48am
SHORT added 10635 no sl no tp
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