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Hedging/averaging trades without prediction

  • #2,241
  • Apr 21, 2023 4:24am Apr 21, 2023 4:24am
Quoting birdland
{quote} ok i see. it seems you are below leverage 1:1. but not really sure;-)
My Tradeinfo panel in MT says 1:100 leverage but again it's not something that I pay much attention to. I took a small hit yesterday through my own mistake, all part of the learning process, how's your daily averaging test going in terms of % account gain if you don't mind me asking?
Sounds like a lot of screen time to me.
  • #2,242
  • Apr 21, 2023 6:52am Apr 21, 2023 6:52am
Quoting LazyTrades
{quote} My Tradeinfo panel in MT says 1:100 leverage but again it's not something that I pay much attention to. I took a small hit yesterday through my own mistake, all part of the learning process, how's your daily averaging test going in terms of % account gain if you don't mind me asking?
i started with 10.000, now balance is 11.147 and equity 10.900...so far +9% from the start of 24.march.

i will make an update soon when the experiment is one month old;-)
trading is like dancing, don't think and just listen to the music!
  • #2,243
  • Edited 11:25am Apr 21, 2023 7:50am | Edited 11:25am
Hats off, that's a great return so far, I seemed to be slightly more profitable (but more stressed) before I began test trading my current way but I think it needs a good run in the real world to work out the nuances etc.
Sounds like a lot of screen time to me.
  • #2,244
  • Apr 21, 2023 2:05pm Apr 21, 2023 2:05pm
Quoting LazyTrades
{quote} My Tradeinfo panel in MT says 1:100 leverage but again it's not something that I pay much attention to. I took a small hit yesterday through my own mistake, all part of the learning process, how's your daily averaging test going in terms of % account gain if you don't mind me asking?
About 1:1 seems to work quite well. Just have to have patience for the returns. Also rolling off some size with your bagged profits is worth experimenting with as well. Another tool for the box.
  • #2,245
  • Apr 23, 2023 11:44am Apr 23, 2023 11:44am
Yep, for every pipette (5-digit broker) price move I get the same loss/return on my lot size so I guess that's 1:1. I'm always using real money so I probably don't see some of the options you get with demo, not sure.
Sounds like a lot of screen time to me.
  • #2,246
  • Apr 24, 2023 5:53am Apr 24, 2023 5:53am
Two shorts and a long @10021 on EU:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
Sounds like a lot of screen time to me.
  • #2,247
  • Apr 24, 2023 8:29am Apr 24, 2023 8:29am
it's been exactly one month since i started the experiment here on a small account. that's why i closed out all positions today;-)

as far as possible, i didn't let my knowledge flow in and really bought and sold without bias.

after all, +10% or +1118 pips or $1000 with little effort in one month. the interim decline was about 5-6%.

all statistics (more transparency like here is not possible) plus equity curve here:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
Click to Enlarge Name: GBPUSDH1 tradeinfo.png Size: 15 KB
Click to Enlarge Name: GBPUSDM1.png Size: 17 KB
Click to Enlarge Name: MM hunt 1 month.png Size: 21 KB
trading is like dancing, don't think and just listen to the music!
  • #2,248
  • Apr 24, 2023 9:38am Apr 24, 2023 9:38am
Good work Bird and thanks for sharing, if I get time this week I'll place all your trades on a chart at my end to give me a better idea of the overall picture, very helpful.
Sounds like a lot of screen time to me.
  • #2,249
  • Edited 3:40am Apr 25, 2023 3:29am | Edited 3:40am
Released my longs at white dot last night (good luck or judgement), two pending longs following price down.
Attached Image (click to enlarge)
Click to Enlarge Name: 25April.PNG Size: 3 KB
Sounds like a lot of screen time to me.
  • #2,250
  • Edited 7:46am Apr 25, 2023 5:23am | Edited 7:46am
Trade now looks like this, two previous longs were triggered then closed at BE, stops moved above. I now have 1 long @10355 to lock in some of the short action and two historical shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: 25April.PNG Size: 6 KB
Sounds like a lot of screen time to me.
  • #2,251
  • Apr 25, 2023 8:45am Apr 25, 2023 8:45am
In full sell mode now, will have some long stops in place around 3pm just in case. Could be an interesting day if the $ gets its tummy rubbed.
Sounds like a lot of screen time to me.
  • #2,252
  • Apr 25, 2023 8:55am Apr 25, 2023 8:55am
what may help: put yourself in the shoes of market makers. where do they want to steer the market in order to collect a lot of liquidity?

;-)
trading is like dancing, don't think and just listen to the music!
  • #2,253
  • Apr 25, 2023 9:07am Apr 25, 2023 9:07am
I'm convinced the whole financial world is so bent it's hard to know which way is up, I suspect the corruption evens itself to the point of being neutral, I just need it to keep moving :o).
Sounds like a lot of screen time to me.
  • #2,254
  • Apr 25, 2023 9:10am Apr 25, 2023 9:10am
News looks inconsequential, still shorting.
Sounds like a lot of screen time to me.
  • #2,255
  • Edited 9:33am Apr 25, 2023 9:13am | Edited 9:33am
Haven't heard from Rob in a while, hope these red candles are helping. Have to go out now so just hedged everything.
Sounds like a lot of screen time to me.
  • #2,256
  • Apr 25, 2023 9:45am Apr 25, 2023 9:45am
Quoting birdland
it's been exactly one month since i started the experiment here on a small account. that's why i closed out all positions today;-) as far as possible, i didn't let my knowledge flow in and really bought and sold without bias. after all, +10% or +1118 pips or $1000 with little effort in one month. the interim decline was about 5-6%. all statistics (more transparency like here is not possible) plus equity curve here: {image} {image} {image} {image}
Lovely job Mr Bird, as someone missing used to say Yaaaayyy!
  • #2,257
  • Apr 25, 2023 10:04am Apr 25, 2023 10:04am
Quoting Fagin
{quote} Lovely job Mr Bird, as someone missing used to say Yaaaayyy!
yes, billy will be missed. he often provided very refreshing ideas and comments.
trading is like dancing, don't think and just listen to the music!
  • #2,258
  • Edited 5:09pm Apr 25, 2023 1:36pm | Edited 5:09pm
Just like to thank everyone on the thread for all the interactions, I had some ideas around hedging prior to finding this, and the last few weeks have been very rewarding. Not sure there's much point in me personally posting trades on here from now on as my strategy involves other elements but all I can say is if anyone is reading this go back and read all the positive/insightful posts here many times over until you get a feel for it. Personally, I believe you can ignore the naysayers who insist that hedging is a fool's game and you need a SL (I stopped using these many years ago). My advice would be to practice on a simulator with random date entries, then use the smallest account possible or demo.

I've been reading many threads on FF for years but this one made me join the forum. Thanks, Rob, Bird, Fagin, D5400 and others, I'll keep checking in here and may see you all on other threads.
Sounds like a lot of screen time to me.
  • #2,259
  • Apr 27, 2023 5:02am Apr 27, 2023 5:02am
Quoting birdland
{quote} yes, billy will be missed. he often provided very refreshing ideas and comments.
Hey bird,

What happened to Billy? His last post on the Billy thread was sometime last November...
  • #2,260
  • Apr 27, 2023 5:10am Apr 27, 2023 5:10am
Quoting davelansing
{quote} Hey bird, What happened to Billy? His last post on the Billy thread was sometime last November...
yes i know. i have absolutely no idea and i am not in personal contact with him.

he was old, you know, i lost many traderfriends here because they died and somebody told us later who had a personal contact. no idea, sorry...
trading is like dancing, don't think and just listen to the music!
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