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Hedging/averaging trades without prediction

  • #1,921
  • Jan 16, 2023 4:10am Jan 16, 2023 4:10am
Lovin it!

All trades closed and profit banked!

Trades on GU:
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Summary for today:
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All happened on live acc. with FPMarkets...
  • #1,922
  • Jan 16, 2023 5:49am Jan 16, 2023 5:49am
Quoting Mr.Moe
Lovin it! All trades closed and profit banked! Trades on GU: {image} Summary for today: {image} All happened on live acc. with FPMarkets...
its scary
6 % DD
6 sell
37 buy
if still go down what do u do ? if you add and again came back what do you do ?

to main question is how to fix DD?
  • #1,923
  • Jan 16, 2023 5:56am Jan 16, 2023 5:56am
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #1,924
  • Jan 16, 2023 7:09am Jan 16, 2023 7:09am
Quoting iejf
{quote} its scary 6 % DD 6 sell 37 buy if still go down what do u do ? if you add and again came back what do you do ? to main question is how to fix DD?
I don't care about my DD.
I always have an eye on my margin!
This morning I had 37 buys overall. On the lowest price level I was down with 22 buys. I then loaded the guns and added 15 positions to average out the losers and gain.
On the way down I already made more than 30 pips by the 6 sell trades with 5,xx pips TP.

Like I said in earlier posts... The price moves in waves. after every move there is a correction. I use this correction to average out my negative trades.
For me this works day in and day out!

Watch birdlands chart. He is trading a bit more savely than Iam and still making a nice amount of pips every day!

The way Iam trading is kinda risky at some point. That' why Iam only trading 0.01 lot on every trade...
There can be days you have a higher DD... For me everything around 10% is more than fine to me!
I had a day on demo, when I was down by more than 2000 pips on 4 pairs. I ended the day with +1200pips profit after a DD of 47%. But that was all for testing purposes to get to the extreme and see what is possible or not.

At the end, I wouldn't trade this way on Indices for example, or on fast moving and extreme trending pairs! If US30 for example moves against you, you can be srewed in a very short amount of time! Except your account is big enough to handle some good % of DD.

I only trade pairs "I know" and I know how they behave. This makes it for me more compfortable.
  • #1,925
  • Jan 16, 2023 7:10am Jan 16, 2023 7:10am
Made some more trades on demo...

GU & Gold:
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Trade summary:
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  • #1,926
  • Jan 16, 2023 8:55am Jan 16, 2023 8:55am
Quoting Mr.Moe
Made some more trades on demo... GU & Gold: {image} Trade summary: {image}
trading is like dancing, don't think and just listen to the music!
  • #1,927
  • Edited 11:03am Jan 16, 2023 9:47am | Edited 11:03am
Quoting iejf
{quote} its scary 6 % DD 6 sell 37 buy if still go down what do u do ? if you add and again came back what do you do ? to main question is how to fix DD?
Hi iejf,

There are many ways to trade this way that can mitigate excessive DD, but in doing so you'll impact your gains (these two parameters are reciprocally related). One way is to increase the pip differential between open trades, e.g. open a buy trade with a 50 pip TP, and don't open a sell trade unless the buy trade is down by 50 pips. Any sell trades thereafter are open at 50 pip intervals and ONLY if the market continues to fall. If the market turns around and moves up by 50 pips, you open another buy trade. Any buy trades thereafter are open at 50 pip intervals only if the market continues to move up. You won't have a lot of open trades, but at least you will mitigate the DD during a runaway trend by minimizing the number of opened counter trades. I do something similar but use a 100 pip differential only because my trade size is extremely small (~1% of by bank). Which leads to the other important point: use small lot size relative to your bank (<1%). Your profits won't be large but neither will your DD. There's always a trade off between acceptable risk and desired reward.

Best,

Dave
  • #1,928
  • Jan 16, 2023 9:56am Jan 16, 2023 9:56am
Quoting Mr.Moe
{quote} I don't care about my DD. I always have an eye on my margin! This morning I had 37 buys overall. On the lowest price level I was down with 22 buys. I then loaded the guns and added 15 positions to average out the losers and gain. On the way down I already made more than 30 pips by the 6 sell trades with 5,xx pips TP. Like I said in earlier posts... The price moves in waves. after every move there is a correction. I use this correction to average out my negative trades. For me this works day in and day out! Watch birdlands chart. He is trading...
hello brother im not against you .i m just asking to find the best way to trade like this . im newbie .
  • #1,929
  • Jan 16, 2023 12:05pm Jan 16, 2023 12:05pm
I made some changes to my strategy, still trading both ways but in a bit different way. I don't like the idea when price moves one direction without a significant retracement and the equity goes into large drawdown. I've stress tested my strategy and it sometimes got very close to a margin call and for that reason I've changed it. I only feel comfortable if the strategy can also make profit on days like GBPUSD on 24th February and 23rd of September last year or 6th of January this year and also with a small drawdown. Now I feel much better about it and already trading like this.
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  • #1,930
  • Jan 16, 2023 12:09pm Jan 16, 2023 12:09pm
My trades at the moment with almost no drawdown.
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  • #1,931
  • Jan 16, 2023 12:36pm Jan 16, 2023 12:36pm
Quoting iejf
{quote} hello brother im not against you .i m just asking to find the best way to trade like this . im newbie .
No worries mate. I don't take it personal or as an offense
I just say as it is for me.
That's the way it works for me, other people/traders will say, "thats the right way to blow your account!".
Well can be, but I say, if you know your tools and know how to work wit it, you set yourself in a good position and the odds in your favour

If everyone is ok with it, I can try to post tomorrow or on wednesday, how I look at the charts and why I take the trades at that price level etc...
  • #1,932
  • Jan 16, 2023 11:49pm Jan 16, 2023 11:49pm
Quoting Mr.Moe
{quote} No worries mate. I don't take it personal or as an offense I just say as it is for me. That's the way it works for me, other people/traders will say, "thats the right way to blow your account!". Well can be, but I say, if you know your tools and know how to work wit it, you set yourself in a good position and the odds in your favour If everyone is ok with it, I can try to post tomorrow or on wednesday, how I look at the charts and why I take the trades at that price level etc...
hello. thank you dear moe for the helps and guidness
and thanks of wave who start the froum
  • #1,933
  • Jan 17, 2023 12:24am Jan 17, 2023 12:24am
Quoting Tronis
I made some changes to my strategy, still trading both ways but in a bit different way. I don't like the idea when price moves one direction without a significant retracement and the equity goes into large drawdown. I've stress tested my strategy and it sometimes got very close to a margin call and for that reason I've changed it. I only feel comfortable if the strategy can also make profit on days like GBPUSD on 24th February and 23rd of September last year or 6th of January this year and also with a small drawdown....
That is the point. a strategy must pass the test of such days without destroying the account or causing too much DD.
trading is like dancing, don't think and just listen to the music!
  • #1,934
  • Jan 17, 2023 1:06am Jan 17, 2023 1:06am
Quoting Tronis
My trades at the moment with almost no drawdown. {image}
Closed all earlier and opened a new round
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  • #1,935
  • Jan 17, 2023 1:15am Jan 17, 2023 1:15am
Quoting Tronis
My trades at the moment with almost no drawdown. {image}
Good deal, may I ask if this is Martin's trading strategy?
Just follow the trend.
  • #1,936
  • Jan 17, 2023 1:29am Jan 17, 2023 1:29am
Quoting Mr.Moe
Lovin it! All trades closed and profit banked! Trades on GU: {image} Summary for today: {image} All happened on live acc. with FPMarkets...
YOUR TRADEINFO indcator is working? my indcator doesnt show the profit for the past weeks,it shows just hte presetns week,please share this indicator that shows profits in green color.thanks
  • #1,937
  • Jan 17, 2023 2:33am Jan 17, 2023 2:33am
Quoting T4Trade
{quote} YOUR TRADEINFO indcator is working? my indcator doesnt show the profit for the past weeks,it shows just hte presetns week,please share this indicator that shows profits in green color.thanks
Iam using these two for my summary:

Attached File(s)
File Type: mq4 pipsometer_5_decimal_commission.mq4   12 KB | 241 downloads
Attached File(s)
File Type: ex4 TradeReport_compact - Russia_Multi.ex4   122 KB | 248 downloads


this one is also very handy with some pair related infos...

Attached File(s)
File Type: ex4 TradeInfo.ex4   91 KB | 266 downloads


When starting the MT4, for the pipsometer indi it is necessary to switch the timeframe once. Then it shows up.
You can also adjust the settings, when the indicator should start to show your account grow.
  • #1,938
  • Jan 17, 2023 2:37am Jan 17, 2023 2:37am
I have to apologize!
Iam packed with appointments today in the office which doesn't allow me to get into detail about may trading... plus, market is moving quiet slow again....
just managed to get some pips on GU, EA and Gold/Eur... But not really worth to show.
Still have some trades open on GU... Will see when Iam able to close these...

Tomorrow my shedule is packed as well, so probably will be able to show more on thursday...
  • #1,939
  • Jan 17, 2023 3:30am Jan 17, 2023 3:30am
Iam out for today... Too stressfull...

Cleared all trades.

Sum:
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XAU/EUR:
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GU:
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EA:
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  • #1,940
  • Jan 17, 2023 6:11am Jan 17, 2023 6:11am
Quoting davelansing
{quote} Hi iejf, There are many ways to trade this way that can mitigate excessive DD, but in doing so you'll impact your gains (these two parameters are reciprocally related). One way is to increase the pip differential between open trades, e.g. open a buy trade with a 50 pip TP, and don't open a sell trade unless the buy trade is down by 50 pips. Any sell trades thereafter are open at 50 pip intervals and ONLY if the market continues to fall. If the market turns around and moves up by 50 pips, you open another buy trade. Any buy trades thereafter...
hello . i send 3 time my hello and thanks to you but automaticly deleted.
thank you
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