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Hedging/averaging trades without prediction

  • #2,961
  • Apr 27, 2024 1:04am Apr 27, 2024 1:04am
Quoting Fagin
Here is a sample of EU it's a lot busier: {image}
Hey Fagin, one question…
After you take profit/trim…are you opening both buy and sell positions again at the same time?


Im thinking, the gap between your -75 trade and the trades you TP… what if the price comes back and consolidate inbetween…
maybe im getting it wrong
Could you post a screenshot of your chart how you build your trades?

Thank you
  • #2,962
  • Apr 27, 2024 1:12am Apr 27, 2024 1:12am
Quoting LazyTrades
EA had a flat week, here's how he's doing after 26 weeks: {image}
It looks like well working machine harvests the market. Little by little I believe I saw the rules you use somewhere in the previous pages. I need to check again.
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,963
  • Apr 27, 2024 1:16am Apr 27, 2024 1:16am
Update of my manual hedging approach:
After 3.5weeks, im up $29.44, based on a $500 account, that is around 5.8% profit.
The drawdown has been very small, around 2%.
Im doing 0.01lots on one pair only, USDCAD.

Im also ”trimming” my losing trades if i need to with the profits i TP, to release margin.
  • #2,964
  • Apr 27, 2024 2:14am Apr 27, 2024 2:14am
Quoting jimsxxl
Update of my manual hedging approach: After 3.5weeks, im up $29.44, based on a $500 account, that is around 5.8% profit. The drawdown has been very small, around 2%. Im doing 0.01lots on one pair only, USDCAD. Im also ”trimming” my losing trades if i need to with the profits i TP, to release margin.
Here is all my previous trades if someone is interested
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3014.png Size: 47 KB
  • #2,965
  • Apr 27, 2024 4:38am Apr 27, 2024 4:38am
Quoting Kodzhamanov
{quote} It looks like well working machine harvests the market. Little by little I believe I saw the rules you use somewhere in the previous pages. I need to check again.
Yep keeps chugging away, the point of the EA was really to see when all the prophecies of doom would kick in. The point being not to necessarily believe the commonly held beliefs that EAs don’t work and that you must use a SL, until I see evidence to the contrary that is.
Sounds like a lot of screen time to me.
  • #2,966
  • Apr 27, 2024 12:26pm Apr 27, 2024 12:26pm
Quoting jimsxxl
{quote} Hey Fagin, one question… After you take profit/trim…are you opening both buy and sell positions again at the same time? Im thinking, the gap between your -75 trade and the trades you TP… what if the price comes back and consolidate inbetween… maybe im getting it wrong Could you post a screenshot of your chart how you build your trades? Thank you
Hi Jim

No the opening trades happen independently, there will always be a trade that I am working to close just using my accrued profits. It doesn't determine entries. Hope that makes sense?
Remind me on Monday and I'll post you a chart when I am back at the screen.

cheers

F
  • #2,967
  • Apr 27, 2024 5:13pm Apr 27, 2024 5:13pm
Quoting princegolds
{quote} 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.
Wow, that was your last post on FF?

I was going to ask you what you think of his recent shift from hedging to mean reversion style of trading?

Anyone else out there?

It takes a lot for me to IGNORE you, but you can try.
  • #2,968
  • Apr 27, 2024 7:23pm Apr 27, 2024 7:23pm
Quoting Erebus
{quote} Wow, that was your last post on FF? I was going to ask you what you think of his recent shift from hedging to mean reversion style of trading? Anyone else out there?
Erebus, what's main difference between hedging and mean reversion?
1.02^200
  • #2,969
  • Apr 27, 2024 11:47pm Apr 27, 2024 11:47pm
Quoting d5400
{quote} Erebus, what's main difference between hedging and mean reversion?
I suggest that education by yourself will be better than anything that I can explain.

Hedge means different things to different traders, stocks, options, or Forex.

Mean reversion generally means that price will return to the "mean" as defined by your criteria, perhaps 20 EMA or 200 SMA.

Try Google or YouTube for in-depth information.

Good Luck.
It takes a lot for me to IGNORE you, but you can try.
  • #2,970
  • Apr 27, 2024 11:52pm Apr 27, 2024 11:52pm
Quoting Erebus
{quote} I suggest that education by yourself will be better than anything that I can explain. Hedge means different things to different traders, stocks, options, or Forex. Mean reversion generally means that price will return to the "mean" as defined by your criteria, perhaps 20 EMA or 200 SMA. Try Google or YouTube for in-depth information. Good Luck.
it's just that you come across so guruish like the wise one. ppl can't help but ask.
  • #2,971
  • Apr 28, 2024 4:03am Apr 28, 2024 4:03am
Quoting OutThere
{quote} it's just that you come across so guruish like the wise one. ppl can't help but ask.
Ah, you know the internet, very hard to know what people are thinking.

Your comment could be funny or mean; I'll go with funny

Another thing that I do suggest is to never believe random people on the internet, always do your own research.

It takes a lot for me to IGNORE you, but you can try.
  • #2,972
  • Apr 28, 2024 5:24am Apr 28, 2024 5:24am
Quoting Erebus
{quote} Ah, you know the internet, very hard to know what people are thinking. Your comment could be funny or mean; I'll go with funny Another thing that I do suggest is to never believe random people on the internet, always do your own research.
Meant to be funny.
  • #2,973
  • Apr 28, 2024 12:51pm Apr 28, 2024 12:51pm
Quoting Erebus
{quote} I suggest that education by yourself will be better than anything that I can explain. Hedge means different things to different traders, stocks, options, or Forex. Mean reversion generally means that price will return to the "mean" as defined by your criteria, perhaps 20 EMA or 200 SMA. Try Google or YouTube for in-depth information. Good Luck.
I though hedging relied on mean reversion to be profitable. So hedging is just one kind of mean reversion strategy. That's why I asked.
1.02^200
  • #2,974
  • Apr 28, 2024 2:33pm Apr 28, 2024 2:33pm
Quoting d5400
{quote} I though hedging relied on mean reversion to be profitable. So hedging is just one kind of mean reversion strategy. That's why I asked.
Not to me, I think of hedging as the result of a trade not working, say you went long but then that wasn't working, that is when you take the hedge.

Now there are all sorts of complex calculations that can be used, larger position sizing for example, then you really get into trouble.

So, for my way of thinking, the primary objective is to have a successful trend trade, and the secondary objective is to get out of a losing position, or at least stop losing more.

A bit like having an affair, might be fun at first, but soon becomes too hard to juggle; better to Tinder date, don't get married to either position!

It takes a lot for me to IGNORE you, but you can try.
  • #2,975
  • Apr 28, 2024 2:46pm Apr 28, 2024 2:46pm
Each to their own , for me it’s part of the process to minimise DD and if there’s no mean reversion in this world I’m in the shit.
Sounds like a lot of screen time to me.
  • #2,976
  • Apr 28, 2024 6:50pm Apr 28, 2024 6:50pm
Quoting Erebus
{quote} Not to me, I think of hedging as the result of a trade not working, say you went long but then that wasn't working, that is when you take the hedge. Now there are all sorts of complex calculations that can be used, larger position sizing for example, then you really get into trouble. So, for my way of thinking, the primary objective is to have a successful trend trade, and the secondary objective is to get out of a losing position, or at least stop losing more. A bit like having an affair, might be fun at first, but soon becomes too hard...
It is a matter of opinion, of course. Hedging to me is not about recovering from losing trade, but winning in both directions.
1.02^200
  • #2,977
  • Apr 29, 2024 12:40am Apr 29, 2024 12:40am
Quoting Fagin
{quote} Hi Jim No the opening trades happen independently, there will always be a trade that I am working to close just using my accrued profits. It doesn't determine entries. Hope that makes sense? Remind me on Monday and I'll post you a chart when I am back at the screen. cheers F
Hi this is what it currently looks like today, look at the bottom and you will see 1 0.01 trade, I've just closed another 0.01 on it and the next batch will clear it all together (it started at 0.06). When that's gone I'll start working on the next biggest (currently 0.06 at -72).

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 23 KB


EDIT: my sizing is designed not to exceed -5% at any time. I use a SL to calculate this (currently -200) this is so I do an equity calculation on X number of open trades in any direction and also catch any big fast unexpected swings. This also removes any emotion for me. Its a regulator I suppose.
  • #2,978
  • Edited 12:15pm Apr 30, 2024 6:02am | Edited 12:15pm
Hi guys do you have a specific strategy during the news?
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #2,979
  • Apr 30, 2024 9:32am Apr 30, 2024 9:32am
Quoting Kodzhamanov
Hi guys do you specific strategy during the news ?
Not really, I'm sized appropriately so I don't worry about it too much.
  • #2,980
  • Apr 30, 2024 9:34am Apr 30, 2024 9:34am
Me neither
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