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Hedging/averaging trades without prediction

  • #1,881
  • Jan 12, 2023 6:14am Jan 12, 2023 6:14am
Quoting Waveskierrob
{quote} Many thanks for your kind words, it does take time and sometimes takes a long time digging yourself out of a hole, that's when the Patience Card is played...
I am still trading normal way like everybody but I like your kind of approach more and more.
Edit: In screenshot is just normal one way trading
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  • #1,882
  • Jan 12, 2023 7:03am Jan 12, 2023 7:03am
Quoting Waveskierrob
{quote} Many thanks for your kind words, it does take time and sometimes takes a long time digging yourself out of a hole, that's when the Patience Card is played...
Yeah to get out it seems sometimes takes a bit of time but market always goes up and down, you just need a slightly larger account for this strategy. In last 2 weeks of testing it took me twice 2 days to clear all the positions which it’s nothing but I think I do a bit different approach then you. I grow my account equity to a certain level and then close all, no matter if the trade is in red or green. Basically I grow my account’s equity and clear everything. In this case I’m not stuck in trades for a long time. Maybe it takes to grow the account slower but as you say steady drip fills the pot
  • #1,883
  • Jan 12, 2023 7:45am Jan 12, 2023 7:45am
And all trades closed! That's how looks my today's stats trading 11 pairs both ways at the same time and closing all
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  • #1,884
  • Jan 12, 2023 8:09am Jan 12, 2023 8:09am
Buy and sell now on 3 different pairs only EURAUD, CADJPY, XAUUSD. Going for $200
This is live account for second time now so no pressure
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  • #1,885
  • Edited 8:30am Jan 12, 2023 8:19am | Edited 8:30am
Quoting Mr.Moe
{quote} Nice One!!!! Would you mind posting a Chart with your trades? Iam very curious how you entered 277 trades Iam done for the day as well! Slow session again... Summary: {image} In hindsight of the USD CPI News this afternoon Iam definately not trading until the news are out.
sure, but i dont know if u can see anything interesting for you. these are the last 3 days.

and i added the equity balance sheet for the last month. the drawdown (-16%) came from "stupid averaging";-)


don't make the mistake of comparing your stats with mine, because every style has different final stats and curves.
by the way, i don't give a shit about r:r or any other numbers. at the end there should just be more left than you lost;-)
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trading is like dancing, don't think and just listen to the music!
  • #1,886
  • Jan 12, 2023 8:41am Jan 12, 2023 8:41am
Quoting birdland
{quote} sure, but i dont know if u can see anything interesting for you. these are the last 3 days. and i added the equity balance sheet for the last month. the drawdown (-16%) came from "stupid averaging";-) don't make the mistake of comparing your stats with mine, because every style has different final stats and curves. by the way, i don't give a shit about r:r or any other numbers. at the end there should just be more left than you lost;-) {image} {image}
Well said
  • #1,887
  • Jan 12, 2023 10:17am Jan 12, 2023 10:17am
Quoting Tronis
Buy and sell now on 3 different pairs only EURAUD, CADJPY, XAUUSD. Going for $200 This is live account for second time now so no pressure {image}
…and it’s done! Going again for $200 on 3 pairs
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  • #1,888
  • Jan 12, 2023 1:03pm Jan 12, 2023 1:03pm
Quoting Tronis
{quote} …and it’s done! Going again for $200 on 3 pairs {image}
Looks like this round will have to wait till tomorrow. I like this kind of trading, I used to trade like this years ago but back then I didn't have enough funds and at one point I burnt the account and stopped. Waveskierrob reminded me to try again. It is a bit better strategy than years ago and today I made half of the profit than trading manually and chasing the market. This is kinda stress free and fun to make $$$
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  • #1,889
  • Jan 12, 2023 3:04pm Jan 12, 2023 3:04pm
Quoting birdland
{quote} sure, but i dont know if u can see anything interesting for you. these are the last 3 days. and i added the equity balance sheet for the last month. the drawdown (-16%) came from "stupid averaging";-) don't make the mistake of comparing your stats with mine, because every style has different final stats and curves. by the way, i don't give a shit about r:r or any other numbers. at the end there should just be more left than you lost;-) {image} {image}
ahhh... My mistake!
I thought you opened 277 trades only this morning
Now it's clear to me after you mentioned that are all trades from the last three days! Makes absolutely more sense now

Nice trading!!!!

And Iam not comparing! This trading style is so individual that comparing makes no sense at all!
  • #1,890
  • Jan 12, 2023 3:07pm Jan 12, 2023 3:07pm
Quoting Tronis
{quote} Looks like this round will have to wait till tomorrow. I like this kind of trading, I used to trade like this years ago but back then I didn't have enough funds and at one point I burnt the account and stopped. Waveskierrob reminded me to try again. It is a bit better strategy than years ago and today I made half of the profit than trading manually and chasing the market. This is kinda stress free and fun to make $$$ {image}
I really don't get it how you can make money trading this way....
One short, one long... At the end you make everytime a small loss when you close them together.
Could you explain it a bit more in detail how you generate $$$ at the end.
  • #1,891
  • Jan 12, 2023 3:12pm Jan 12, 2023 3:12pm
By the way...
Daily summary:

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CPI played out nicely on dj30

Iam probably not trading tomorrow because Iam out and have some other stuff to work...
So here is my summary for the first week trading this live:

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  • #1,892
  • Jan 12, 2023 3:15pm Jan 12, 2023 3:15pm
Quoting Mr.Moe
{quote} I really don't get it how you can make money trading this way.... One short, one long... At the end you make everytime a small loss when you close them together. Could you explain it a bit more in detail how you generate $$$ at the end.
I think what we see is open trades. He banks profit first, then digs.
1.02^200
  • #1,893
  • Jan 12, 2023 8:38pm Jan 12, 2023 8:38pm
Quoting Tronis
{quote} Yeah to get out it seems sometimes takes a bit of time but market always goes up and down, you just need a slightly larger account for this strategy. In last 2 weeks of testing it took me twice 2 days to clear all the positions which it’s nothing but I think I do a bit different approach then you. I grow my account equity to a certain level and then close all, no matter if the trade is in red or green. Basically I grow my account’s equity and clear everything. In this case I’m not stuck in trades for a long time. Maybe it takes to grow the...
Closing the trades at one go upon $x profit is one way to do it. You could also consider letting the trades run but reducing the total trade exposure down bit by bit. It sounds abstract but this allows you to maximize your upside while keeping the DD in check. But this works well only if you have a strategy with an above average win rate and a good money mgt mechanism.
  • #1,894
  • Jan 13, 2023 2:27am Jan 13, 2023 2:27am
Quoting Mr.Moe
{quote} ahhh... My mistake! I thought you opened 277 trades only this morning Now it's clear to me after you mentioned that are all trades from the last three days! Makes absolutely more sense now Nice trading!!!! And Iam not comparing! This trading style is so individual that comparing makes no sense at all!
277 trades was it from 13th of december. so on average per day that are about 13-15 trades
trading is like dancing, don't think and just listen to the music!
  • #1,895
  • Jan 13, 2023 2:35am Jan 13, 2023 2:35am
Quoting Mr.Moe
{quote} I really don't get it how you can make money trading this way.... One short, one long... At the end you make everytime a small loss when you close them together. Could you explain it a bit more in detail how you generate $$$ at the end.
You are right, you can't make money by closing them together. To make money you have to be exposed to market at some point anyway. First I build up trades both buy and sell and when market moves one direction I start taking profit and grow account balance. When market moves opposite side the equity starts to grow and when the equity is higher then starting balance I close all. In this way it's kind of fun looking how everything comes together and you won't care which way market goes. Market always moves up and down. With this strategy will be some drawdown when the market moves one direction without significant retracements but at some point it will start to retrace and to make money you just need a small retracement anyway. Just avoid trading red news and you will be less exposed to unnecessary drawdown. Look at the chart below from yesterday's trades. I hope it helps.
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  • #1,896
  • Jan 13, 2023 3:00am Jan 13, 2023 3:00am
Quoting Tronis
{quote} You are right, you can't make money by closing them together. To make money you have to be exposed to market at some point anyway. First I build up trades both buy and sell and when market moves one direction I start taking profit and grow account balance. When market moves opposite side the equity starts to grow and when the equity is higher then starting balance I close all. In this way it's kind of fun looking how everything comes together and you won't care which way market goes. Market always moves up and down. With this strategy will...
This is how it looks at the moment from trades what I started yesterday. My starting account balance was 10680, now it's more then 11000 but I don't care for how much account balance grows at the moment. I now look at the equity which is around 10500 so my overall drawdown at this point to starting balance is just $180 which is nothing and it will be closed all when equity is at 10880. I was going for $200 profit and it is what matters. This is how I look at this and I hope it makes sense what I wrote. Off course I don't do all this trading manually and that's why it's fun to watch how all this process comes together.
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  • #1,897
  • Jan 13, 2023 3:06am Jan 13, 2023 3:06am
This is how consistency in trading looks in my mind and what matters is balance slowly growing.
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  • #1,898
  • Jan 13, 2023 3:31am Jan 13, 2023 3:31am
2h15min was my work today, end of trading.

today was a good example of using every tool of my box:

first i scaled in, then i hedged against, then i got stopped out, scaled in again, averaged, averaged out and finally got my +133
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trading is like dancing, don't think and just listen to the music!
  • #1,899
  • Jan 13, 2023 3:58am Jan 13, 2023 3:58am
Quoting birdland
2h15min was my work today, end of trading. today was a good example of using every tool of my box: first i scaled in, then i hedged against, then i got stopped out, scaled in again, averaged, averaged out and finally got my +133 {image}
Well done on nice trading!
  • #1,900
  • Jan 13, 2023 4:18am Jan 13, 2023 4:18am
Non directional approach is much more fun than this kind of trading. I could wait all day for my USDCHF trades and in the end they could just stop out.
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