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Hedging/averaging trades without prediction

  • #2,281
  • May 10, 2023 11:59am May 10, 2023 11:59am
Quoting LazyTrades
Yes, news can certainly speed things up, I'm still nibbling away but working on some EAs to do some of the heavy lifting, life is too short to be in front of these screens all day, regardless of profit.
Thats why I want to be flat around lunch time here in germany most of the time it works out, sometimes not and I have to stay a bit longer in front of my computer.
  • #2,282
  • May 11, 2023 3:09am May 11, 2023 3:09am
Quoting MJurban
Has anyone seen this videos from Nick Shawn, his Hedging,. IS he a scammer or is there something useful. My English is bit poor and he is talking very fast, By the way, scalping the small tfs like M1 and M5 for me does not work with Stoploss but very good with Hedging instead of Sl A typical breakout almost starts with a stopfishing and that's a winner for a hedge trade opposite to the breakout direktion
I have tried his methods for 2 months. I was able to learn from his free videos. It is working well for me. Actually he is teaching everything on youtube. He is charging for mentorship I guess. I am thankful to him. I dont use any of his products or services though. Its all about money management.
Prince M. Golds
  • #2,283
  • May 11, 2023 12:25pm May 11, 2023 12:25pm
Quoting Waveskierrob
{quote} please post anything that could help , I'm sure others would be interested also
If you don't mind a very clumsy approach, perhaps a CALL and PUT option could be used in some fashion to protect against a runaway trend?
  • #2,284
  • May 15, 2023 7:09am May 15, 2023 7:09am
Have spent some time creating an EA which encompasses the basics of the thread, essentially a graduated grid, with a couple of rules. The equity curve on backtest was positive albeit with some DD scenarios which I'm prepared for, I found I could iron these out using a basic RSI rule. I'm running live with minimum possible account, on two pairs with positive swaps. It's probably going to be a long haul (or might fall down sooner), 4 small postive trades today on 15min charts. Will update as things go.
Sounds like a lot of screen time to me.
  • #2,285
  • May 15, 2023 7:19am May 15, 2023 7:19am
Iam back in the live trading game!

Started the day by a mistake on EU instead of my trusti GU... Anyway...
Was able to bank some on EU:
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And after closing the EU chart I started back on GU for some more:
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For a total of:
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Nice start for the acc.!
  • #2,286
  • Edited 4:33pm May 15, 2023 10:19am | Edited 4:33pm
Using EA: 8 x wins 1 x loss today = 0.29% gain with carry (and no screen time Bird) :o)
I'll update from time to time, win or lose.
Sounds like a lot of screen time to me.
  • #2,287
  • May 16, 2023 8:13am May 16, 2023 8:13am
Whipsaws are now my friend as TP hit on both trades, 4 wins and 2 losses today so far with a .53% increase in two days, DD days coming for sure but so far so good, running screen time 0%.
Sounds like a lot of screen time to me.
  • #2,288
  • May 17, 2023 3:27am May 17, 2023 3:27am
Done for today and for the week.
3 days of trading and a nice gain to the live acc.

Todays trades on GU:
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I already had 61 pips banked until I started averaging

Sum. of the last three days
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  • #2,289
  • May 17, 2023 5:33am May 17, 2023 5:33am
Woke up to 3 small profitable trades, so far nothing else triggered today, (my EA is far more patient than me which is probably a good thing). Just shy of 1% for the week which I'm happy with so far. If I could create an EA that posts live trades I'd do so :o).
Sounds like a lot of screen time to me.
  • #2,290
  • May 18, 2023 4:14am May 18, 2023 4:14am
Actually.......... actually...... we have a public holiday today here in germany called "fathers day"
And actually.... yes, actually, I said to myself I ain't take a trade today

Well.... You know... When you open up your Mt4 on the phone just to see how the chart looks like

The end:

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close to 1% gain...

See you guys next week because I got heaps of stuff to do tomorrow so definately no trading for me!
Have a great weekend
  • #2,291
  • May 18, 2023 3:56pm May 18, 2023 3:56pm
Just a few trades today, early this morning, EA obviously didn't fancy anything after, must say he has loads of patience :o) 1.1% increase since Monday.
Sounds like a lot of screen time to me.
  • #2,292
  • Edited 4:12pm May 19, 2023 9:59am | Edited 4:12pm
Just checking what he's been up to today and it's been a busy one.
*Turns out EA hadn't finished, have 1 x UJ long carry over the weekend and everything else closed at 2.06% for the week.
Sounds like a lot of screen time to me.
  • #2,293
  • May 21, 2023 11:21am May 21, 2023 11:21am
Quoting LazyTrades
Just checking what he's been up to today and it's been a busy one. *Turns out EA hadn't finished, have 1 x UJ long carry over the weekend and everything else closed at 2.06% for the week.
DO you mind sharing your EA with the house
  • #2,294
  • May 21, 2023 1:39pm May 21, 2023 1:39pm
Hello Feast, firstly I'm not a programmer but I have some coding background, my EA was created using a third-party compiler and as such I'm not sure I can put it out in the public domain, secondly, it's only been running for a week so probably nothing to get excited about just yet. Whilst I'm not about to hand over the fish, I'll help with the rod and put the parameters in a later post once it's been running for a while.
Sounds like a lot of screen time to me.
  • #2,295
  • May 21, 2023 2:34pm May 21, 2023 2:34pm
By the way, does anyone know of an EA that can turn one or more losing trades into profit? Could also be helpful in this thread.
  • #2,296
  • May 22, 2023 12:54am May 22, 2023 12:54am
Quoting LazyTrades
Hello Feast, firstly I'm not a programmer but I have some coding background, my EA was created using a third-party compiler and as such I'm not sure I can put it out in the public domain, secondly, it's only been running for a week so probably nothing to get excited about just yet. Whilst I'm not about to hand over the fish, I'll help with the rod and put the parameters in a later post once it's been running for a while.
It's fair, boss.
I shall be looking forward to the parameters
Do have a great one
  • #2,297
  • May 22, 2023 4:15am May 22, 2023 4:15am
Done for the day!

Had a hand full of trades carried over the weekend to see how my broker calculates positive swap...
At the end no positive swap got added... for whatever reason... maybe it wasto less positiveness, haha.

Anyway, trades and result for the day:

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  • #2,298
  • May 22, 2023 3:17pm May 22, 2023 3:17pm
+0.61% for the day 2.67% total since Monday 15th May.

(In case anyone is interested) Nothing clever here, selling EU at previous candle low when RSI(14) above 50, buying UJ using reverse rules. Trades expire every 15 mins if not triggered, EA generates a grid above and below open order, each pending order level is 20% above/below previous (graduated grid). Once a pair grabs 3-5 pips profit everything closes and resets. All of this is just one automatic version of Rob's original ideas, without any intervention and screen time. I'm trading this on a live account using minimum lots and just interested to see how it pans out.
Sounds like a lot of screen time to me.
  • #2,299
  • May 22, 2023 3:29pm May 22, 2023 3:29pm
Quoting LazyTrades
+0.61% for the day 2.67% total since Monday 15th May. (In case anyone is interested) Nothing clever here, selling EU at previous candle low when RSI(14) above 50, buying UJ using reverse rules. Trades expire every 15 mins if not triggered, EA generates a grid above and below open order, each pending order level is 20% above/below previous (graduated grid). Once a pair grabs 3-5 pips profit everything closes and resets. All of this is just one automatic version of Rob's original ideas, without any intervention and screen time. I'm trading this on...
Great work be very interesting to see how it pans out...
  • #2,300
  • May 23, 2023 4:07am May 23, 2023 4:07am
Just lovin it!!!
Done for the day unless I see a nice point on the chart to scalp some pippers.

Awesome when there is some movement and volatility

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