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Hedging/averaging trades without prediction

  • #2,481
  • Sep 22, 2023 4:04pm Sep 22, 2023 4:04pm
Flat week, no significant profits/losses to report, 8 small trades in play, maybe next week will be a bit more active.
Sounds like a lot of screen time to me.
  • #2,482
  • Oct 3, 2023 2:22pm Oct 3, 2023 2:22pm
Quoting Waveskierrob
{quote} 6 x SHORTS BE 32471......don't reckon it will get there before the weekend but you never know...
getting there said that some trades could take months this was the end of March hope get some profit by the end of this month...
  • #2,483
  • Edited Oct 5, 2023 7:56am Oct 4, 2023 8:58am | Edited Oct 5, 2023 7:56am
Been away for a week, left the EAs to their own devices and have a basket of usual pairs in play, DD from yesterday has halved today so that helps, will see how NFP plays out Friday.
Sounds like a lot of screen time to me.
  • #2,484
  • Oct 6, 2023 11:16am Oct 6, 2023 11:16am
Equity at +4.7%, week average +.43%, have a good weekend all.
Sounds like a lot of screen time to me.
  • #2,485
  • Oct 6, 2023 11:20am Oct 6, 2023 11:20am
Quoting LazyTrades
Equity at +4.7%, week average +.43%, have a good weekend all.
Attached Image (click to enlarge)
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  • #2,486
  • Oct 10, 2023 11:49am Oct 10, 2023 11:49am
5% profit milestone reached today, real money, no stoploss, no charts - Hedging/averaging trades without prediction.
Sounds like a lot of screen time to me.
  • #2,487
  • Oct 10, 2023 1:55pm Oct 10, 2023 1:55pm
Quoting LazyTrades
5% profit milestone reached today, real money, no stoploss, no charts - Hedging/averaging trades without prediction.
Does exactly what it says on the tin...
  • #2,488
  • Oct 13, 2023 12:58pm Oct 13, 2023 12:58pm
Strange week, equity back to +4.6% overall today but lots of trade in play, have a good weekend all.
Sounds like a lot of screen time to me.
  • #2,489
  • Oct 16, 2023 3:28am Oct 16, 2023 3:28am
Weekend has been helpful, closed all trades and reset, overall now at +5.05%, slow and steady whilst protecting margin.
Sounds like a lot of screen time to me.
  • #2,490
  • Oct 17, 2023 11:30am Oct 17, 2023 11:30am
Equity @ +5.3% as of today.
Sounds like a lot of screen time to me.
  • #2,491
  • Oct 17, 2023 11:48am Oct 17, 2023 11:48am
Quoting LazyTrades
Equity @ +5.3% as of today.
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...just remember old Waveski when your rich and famous
  • #2,492
  • Oct 17, 2023 11:55am Oct 17, 2023 11:55am
Quoting Waveskierrob
{quote} {image} ...just remember old Waveski when your rich and famous
I've got a good memory , just hope you've got enough patience, profits are small but not insignificant, I'll slowly upscale as I get better. I've found it's strangely easier to control with more pairs in play, quicker to close and reset with less DD.
Sounds like a lot of screen time to me.
  • #2,493
  • Oct 19, 2023 1:38pm Oct 19, 2023 1:38pm
Flat week so far, still around +5.3% overall after 11 weeks live.

Thought I'd try an experiment using 5 min candles on demo, basically big bear candle = buy, big bull candle = sell, only repeats if no nearby trade, small TP, backtesting was positive on my usual 7 pairs over the last 7 months with pretty good DD figures. Have optimised EAs running to see how it pans out on a £10k demo account, made £57 today.
Sounds like a lot of screen time to me.
  • #2,494
  • Oct 20, 2023 1:23pm Oct 20, 2023 1:23pm
Live account @+5.3%.

The 5min EAs running on 7 pairs made 1.15% in just two days (demo), the idea is to take advantage of the extra chaos that prevails at smaller timeframes, will run it for a while and see how it compares with my live account which has returned +.44% per week so far. The 5min EAs are running 24hrs with no user input whatsoever, will see how it goes. Have a good weekend all.
Sounds like a lot of screen time to me.
  • #2,495
  • Oct 20, 2023 11:48pm Oct 20, 2023 11:48pm
Quoting Waveskierrob
{quote} 6 x SHORTS BE 32471......don't reckon it will get there before the weekend but you never know...
Well I said "don't reckon it will get there before the weekend" well that was 7 months ago, however heading in the right direction hopefully close this trade before Xmas...
  • #2,496
  • Oct 21, 2023 5:08am Oct 21, 2023 5:08am
Must be the record trade, on this thread at least, need to note the number of days to BE for future reference . I doubt many would have the patience to hold for that long but shows what’s possible. As mentioned right at the beginning you need to get used to DD to make profits in this game.
Sounds like a lot of screen time to me.
  • #2,497
  • Oct 21, 2023 5:17am Oct 21, 2023 5:17am
Quoting LazyTrades
Must be the record trade, on this thread at least, need to note the number of days to BE for future reference . I doubt many would have the patience to hold for that long but shows what’s possible. As mentioned right at the beginning you need to get used to DD to make profits in this game.
Small lots so able to sit it out, just put it aside and make money on other trades, that's the mind set you need but many find it very hard to sit in DD for long periods at a time...
  • #2,498
  • Oct 22, 2023 12:40pm Oct 22, 2023 12:40pm
Agreed, DD is nothing to fear in my books, I see it as a position to be collected down the road, with positive swap it gets even more enjoyable to collect at a later date. I will close negative positions and reset if the whole basket is positive overall but this is rare. DD just equals trades I haven't closed yet in the overall scheme of things, no SL so doesn't matter.

Part of my 5min chaos strategy is simply to sell and average out when everyone is buying and vice versa, sounds bonkers but for buyers to collect they have to sell, have spent the weekend optimising the parameters further over longer periods, work in progress at the mo and might end up in the bin along with WD1-39

As for Martingale, I did smile at that one.
Sounds like a lot of screen time to me.
  • #2,499
  • Oct 23, 2023 2:41am Oct 23, 2023 2:41am
Quoting Waveskierrob
{quote} Small lots so able to sit it out, just put it aside and make money on other trades, that's the mind set you need but many find it very hard to sit in DD for long periods at a time...
Hey mate, long time reader, first time poster. Love your work and its a very similar way that ive discovered to profit aswell. Although I only algo trade, my concept is very similar to yours. LazyTrades I see you doing some good work here aswell, Hope to be more active with you guys in the future and share some ideas
  • #2,500
  • Oct 23, 2023 6:08am Oct 23, 2023 6:08am
Quoting WallFlower
{quote} Hey mate, long time reader, first time poster. Love your work and its a very similar way that ive discovered to profit aswell. Although I only algo trade, my concept is very similar to yours. LazyTrades I see you doing some good work here aswell, Hope to be more active with you guys in the future and share some ideas
Welcome to the thread, all pretty friendly here. I'm building up a database of parameters whilst optimising my EAs, takes a while to get everything finished even though I have access to many PCs, I've found the feedback quite revealing. Concepts are always inline with the basics of the thread though, no predictions, no SL, averaging in/out, multiple pairs, small lots big bank, I trade live.

Not sure Rob can help much with your algos though, he's an old part-time construction worker with no interest in computers.
Sounds like a lot of screen time to me.
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