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Mathematical hedging strategy without a stop loss 22 replies

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Attachments: Hedging/averaging trades without prediction
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Hedging/averaging trades without prediction

TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
LONG tp hit +2
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
SHORT tp hit +2
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
TRADE 61 ...EU...SHORT and LONG @ 10600 no sl tp +2
TRADE 61 +4 ...running total +862
Soon To Be Temporarily Suspended Again
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
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....
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.
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
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.
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
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.....
TRADE 62...EU ....SHORT and LONG @ 10652 no sl tp +3
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
TRADE 62...EU ....SHORT and LONG @ 10652 no sl tp +3
SHORT tp hit +3
Soon To Be Temporarily Suspended Again
EU......pending LONG 10642 no sl no tp .....pending SHORT 10642 no sl tp +3
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
EU......pending LONG 10642 no sl no tp .....pending SHORT 10642 no sl tp +3
both pending trades triggered
Soon To Be Temporarily Suspended Again
[quote=Waveskierrob;14267464]{quote} both pending trades triggered[/quote
SHORT tp hit +3
Soon To Be Temporarily Suspended Again
LONG again 10625 no sl no tp
Soon To Be Temporarily Suspended Again
pending SHORT @ 10625 no sl tp +3
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
pending SHORT @ 10625 no sl tp +3
SHORT triggered
Soon To Be Temporarily Suspended Again
SHORT added 10635 no sl no tp
Soon To Be Temporarily Suspended Again
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