Hedging/averaging trades without prediction | Page 142 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mathematical hedging strategy without a stop loss 22 replies

'Averaging Down Is for Losers' - valid or not? 27 replies

Fast Averaging versus Slow Averaging 1 reply

Averaging 7 replies

Martigale and Averaging Down 4 replies

Attachments: Hedging/averaging trades without prediction
Exit Attachments

Hedging/averaging trades without prediction

  • #2,821
  • Apr 11, 2024 11:11am Apr 11, 2024 11:11am
Quoting Fagin
{quote} Nice, i was away yesterday so couldn't trade it.
There are thousands of ways to trade the dividend so take your time and just practise with tiny positions then increase each month. you wont look back
  • #2,822
  • Apr 11, 2024 11:12am Apr 11, 2024 11:12am
I need to find out what's going on with Oanda so I can at least view it, I remember being on the wrong side of a dividend adjustment many months ago so I stopped trading FTSE, my fault as I didn't think div payments would apply to SB/CFD accounts.
Sounds like a lot of screen time to me.
  • #2,823
  • Apr 11, 2024 11:17am Apr 11, 2024 11:17am
Quoting LazyTrades
I need to find out what's going on with Oanda so I can at least view it, I remember being on the wrong side of a dividend adjustment many months ago so I stopped trading FTSE, my fault as I didn't think div payments would apply to SB/CFD accounts.
Maybe open another account with IG just for trading the dividend, Honestly you will never look back pal
  • #2,824
  • Apr 11, 2024 11:18am Apr 11, 2024 11:18am
Quoting T721
{quote} There are thousands of ways to trade the dividend so take your time and just practise with tiny positions then increase each month. you wont look back
What's the margin requirements on IG to trade this with reasonable size if you don't mind me asking? I closed my spread bet account ages ago and need to get my head around it all again
  • #2,825
  • Apr 11, 2024 11:22am Apr 11, 2024 11:22am
Quoting Fagin
{quote} What's the margin requirements on IG to trade this with reasonable size if you don't mind me asking? I closed my spread bet account ages ago and need to get my head around it all again
Margin for trading at 50p is just shy of £200 so you prolly need 750-1k account
  • #2,826
  • Apr 11, 2024 11:24am Apr 11, 2024 11:24am
Quoting T721
{quote} Margin for trading at 50p is just shy of £200 so you prolly need 750-1k account
Great and thank you for being generous with your knowledge, this thread is nice for that
  • #2,827
  • Apr 12, 2024 11:01am Apr 12, 2024 11:01am
So after the first losing week in 11 last, this week has been the best as the regression to the mean cycle continues, 12 weeks running live now with a profit of +9.17% = 0.76% per week (this week best to date at +2.78%). Auto EA hedge at +15.8% after 24 weeks. Have a good weekend all.
Sounds like a lot of screen time to me.
  • #2,828
  • Apr 12, 2024 12:26pm Apr 12, 2024 12:26pm
Quoting LazyTrades
So after the first losing week in 11 last, this week has been the best as the regression to the mean cycle continues, 12 weeks running live now with a profit of +9.17% = 0.76% per week (this week best to date at +2.78%). Auto EA hedge at +15.8% after 24 weeks. Have a good weekend all.
Same here will post update after market close...
  • #2,829
  • Apr 12, 2024 2:34pm Apr 12, 2024 2:34pm
Im up 1.40% on my manual hedging approach (1week running).
Drawdown been lower than 0.5%…
Im still in the process of analyzing which lotsize i can manage… (demo )
  • #2,830
  • Apr 12, 2024 2:45pm Apr 12, 2024 2:45pm
Quoting jimsxxl
Im up 1.40% on my manual hedging approach (1week running). Drawdown been lower than 0.5%… Im still in the process of analyzing which lotsize i can manage… (demo )
Great start Jim, please keep us updated on you progress...
  • #2,831
  • Apr 12, 2024 4:28pm Apr 12, 2024 4:28pm
added another £1000, £2155 in 7 weeks averaging over £300 per week, not bad for £10000 bank, still compounding £1.20 per pip now...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240412-222525_IG Trading.jpg Size: 259 KB
  • #2,832
  • Apr 13, 2024 8:58am Apr 13, 2024 8:58am
Very useful to see the patterns developing in people’s history on thread, I think it’s fair to say the mindset is similar even though we are trading different pairs and variations. Last week’s anomaly was shared as was the above normal returns this week. Back in December (I’ll dig out the exact date and edit later) I had a similar result, but as this particular iteration was at an early stage I took a hit to reassess, only to see the profit return the following week. I guess this is one of the mindset struggles we have to negotiate or you’ll end up jumping from strategy to strategy. Don’t necessarily jump ship in the “Valley of despair”

Keep the results coming I say, patterns found through empirical research can be invaluable.
Sounds like a lot of screen time to me.
  • #2,833
  • Apr 13, 2024 11:44am Apr 13, 2024 11:44am
Just finished reading the thread. Many thanks to Waveskierro for sharing this, and all the others for their tips and experiences. I seem to get the basic gist, but again not completely clear about some aspects, as different people have tweaked it in different ways to suit them. So, my question, particularly at d5400 is that the two statements below:

"2) sell hits TP, open another sell with TP and another buy without TP" in post #460 https://www.forexfactory.com/thread/...3#post14192273

"6) if Price hits one TP and moves 2D distance, let's say down, place another buy without tp and sell with D tp" in post #539
https://www.forexfactory.com/thread/...5#post14194225

have kind of confused me! The first implies if TP is hit open another buy & sell trade (i.e. as soon as 1 TP is hit, open another buy & sell trade). However, the second statement sort of implies, you don't open one straight away, but wait until it moves the other way some distance (in this case 2D i.e 2 x grid distance), and further to the confusion why 2 x grid distance even and not just 1 x grid distance)? Thanks
  • #2,834
  • Apr 13, 2024 12:09pm Apr 13, 2024 12:09pm
Quoting Waveskierrob
added another £1000, £2155 in 7 weeks averaging over £300 per week, not bad for £10000 bank, still compounding £1.20 per pip now... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-10-16 at 10.42.55.png Size: 22 KB
  • #2,835
  • Apr 13, 2024 1:21pm Apr 13, 2024 1:21pm
Went back to last year to find some of the Dividends so you can see how they work then practise going forward. Hope they help. remeber i dont trade them if the Div is only 1 or 2points
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-04-13 at 19.06.22.png Size: 36 KB
Click to Enlarge Name: Screen Shot 2024-04-13 at 19.10.36.png Size: 19 KB
Click to Enlarge Name: Screen Shot 2024-04-13 at 19.13.58.png Size: 24 KB
  • #2,836
  • Apr 13, 2024 6:15pm Apr 13, 2024 6:15pm
Waveskierrob hey, what you doing up at this time of the night Had a couple glasses of wine and going to sleep now. lets get that dividend this week. Hopefully it will be a good one
  • #2,837
  • Apr 14, 2024 1:19am Apr 14, 2024 1:19am
Quoting T721
Waveskierrob hey, what you doing up at this time of the night Had a couple glasses of wine and going to sleep now. lets get that dividend this week. Hopefully it will be a good one
Wish I could say beautiful ladies and partying but unfortunately I have gout in my big right toe...
  • #2,838
  • Apr 14, 2024 1:50am Apr 14, 2024 1:50am
Quoting LazyTrades
Very useful to see the patterns developing in people’s history on thread, I think it’s fair to say the mindset is similar even though we are trading different pairs and variations. Last week’s anomaly was shared as was the above normal returns this week. Back in December (I’ll dig out the exact date and edit later) I had a similar result, but as this particular iteration was at an early stage I took a hit to reassess, only to see the profit return the following week. I guess this is one of the mindset struggles we have to negotiate or you’ll end...
Looking back at two weeks ago it was my fault as a trader that I had a loss, again trying to pick a direction, was too heavily bias on the SHORT side, luckily the following week the price went down and therefore I made good profit but it could have easily gone up, lesson learnt, keep LONGS and SHORTS evenly balanced and just scalp and never ever stop learning, we all wish we just had a system "set and forget" but ever trade we put on we need to be trading it with 100% commitment every time ...
  • #2,839
  • Apr 14, 2024 2:39am Apr 14, 2024 2:39am
I use this strategy....making profit 1-3% everyday. Avoid news and American session. Just small lot
  • #2,840
  • Apr 14, 2024 3:14am Apr 14, 2024 3:14am
This week dividend.

@T722: do you know how the dividend is calculated ?
Attached Image (click to enlarge)
Click to Enlarge Name: image.png.e5afb81f81a481b16b8273d13715ed6e.png Size: 70 KB
5 traders viewing now