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Hedging/averaging trades without prediction

  • #3,741
  • Jun 27, 2024 7:34pm Jun 27, 2024 7:34pm
Quoting T721
{quote} Been trading a long long time pal and too hard to describe how i trade in one post. When i get time i can show you on Skype
No worries mate shoot me a message anytime
  • #3,742
  • Jul 2, 2024 11:54am Jul 2, 2024 11:54am
FTSE DIVI's slack again this week...
  • #3,743
  • Jul 3, 2024 6:24am Jul 3, 2024 6:24am
How about trading it with a massive position on M1
Sounds like a lot of screen time to me.
  • #3,744
  • Jul 4, 2024 12:53am Jul 4, 2024 12:53am
Quoting LazyTrades
How about trading it with a massive position on M1
Worth a thought..
  • #3,745
  • Jul 5, 2024 5:48am Jul 5, 2024 5:48am
Quoting WallFlower
anyone have any experience for reliable trade copy programs?? currently running a couple different accounts off an MT4 demo account as the master but having issues with it missing trades and management sometimes? considering just running all of my MT4 terminals on the single computer for the reliability but can get slightly tedious. Sometimes the market makers will give me a cookie and tell me the exact top {image}
Hi WF, not 100% clear on the question (sorry) but I've quite a few EAs which trade either side of MAs, all of which are long term profitable, if you can cope with the occasional DD, I could tweak one for you if it helps with your own parameters? I use FxDreema for EA creation and Forex Tester 5 for basic concept checking (1 month at a time is free). Not sure if that helps?
Sounds like a lot of screen time to me.
  • #3,746
  • Jul 6, 2024 6:05am Jul 6, 2024 6:05am
Quoting LazyTrades
{quote} Hi WF, not 100% clear on the question (sorry) but I've quite a few EAs which trade either side of MAs, all of which are long term profitable, if you can cope with the occasional DD, I could tweak one for you if it helps with your own parameters? I use FxDreema for EA creation and Forex Tester 5 for basic concept checking (1 month at a time is free). Not sure if that helps?
Hey lazytrades, I meant that I have my one master account and I want a program to copy the trades to other mt4 terminals with different brokers just so I can manage the one single account and it copy's the trades to all the other mt4 accounts automatically, just looking for a reliable program for this purpose was my question. My comment about the market makers giving me a a cookie was simply satire, just like how sometimes I manage to hedge at the exact wrong time, there are other times where I manage to close out my trades at the exact right time. Sometimes when I make a post my mind is all over the place so forgive me for not being clear lol.
  • #3,747
  • Jul 6, 2024 6:14am Jul 6, 2024 6:14am
Quoting LazyTrades
{quote} Hi WF, not 100% clear on the question (sorry) but I've quite a few EAs which trade either side of MAs, all of which are long term profitable, if you can cope with the occasional DD, I could tweak one for you if it helps with your own parameters? I use FxDreema for EA creation and Forex Tester 5 for basic concept checking (1 month at a time is free). Not sure if that helps?
In relation to your comment about EA's, yes I would be more than happy to exchange some, the main one I use and coded myself is very simple, just averages into price with a position size multiplier of your choice and grid based on a multiplier of the average range for the spacing and take profits. My only manual inputs are when to hedge and choosing long or short only. The concepts wave outlined here are what I use in my EA, nothing secret or special
  • #3,748
  • Jul 6, 2024 10:29am Jul 6, 2024 10:29am
Quoting WallFlower
{quote} Hey lazytrades, I meant that I have my one master account and I want a program to copy the trades to other mt4 terminals with different brokers just so I can manage the one single account and it copy's the trades to all the other mt4 accounts automatically, just looking for a reliable program for this purpose was my question. My comment about the market makers giving me a a cookie was simply satire, just like how sometimes I manage to hedge at the exact wrong time, there are other times where I manage to close out my trades at the exact...
I’m no conspiracy theorist but I’ve screenshots of my broker hitting some of my trades to the exact pip on so many occasions it’s getting hard to ignore, especially on overnight spreads and during NFP etc.
Sounds like a lot of screen time to me.
  • #3,749
  • Jul 6, 2024 3:01pm Jul 6, 2024 3:01pm
Quoting WallFlower
{quote} In relation to your comment about EA's, yes I would be more than happy to exchange some, the main one I use and coded myself is very simple, just averages into price with a position size multiplier of your choice and grid based on a multiplier of the average range for the spacing and take profits. My only manual inputs are when to hedge and choosing long or short only. The concepts wave outlined here are what I use in my EA, nothing secret or special
Averaging is a known option, the problem is always how to manage the DD in cases where the price does not return to the average. Can you manage these cases with hedging? and how?
  • #3,750
  • Jul 6, 2024 3:24pm Jul 6, 2024 3:24pm
Quoting Fiox89
{quote} Averaging is a known option, the problem is always how to manage the DD in cases where the price does not return to the average. Can you manage these cases with hedging? and how?
My reply would be to trade multiple, less correlated instruments or occasionally take the loss. Look to win over the longer term without exposing yourself to drastic short term hits, which are definitely coming at some stage.
Sounds like a lot of screen time to me.
  • #3,751
  • Jul 6, 2024 4:15pm Jul 6, 2024 4:15pm
Quoting Fiox89
{quote} Averaging is a known option, the problem is always how to manage the DD in cases where the price does not return to the average. Can you manage these cases with hedging? and how?
Yes, you can. You can use hedging + trimming. For example, you have 0.1 lot short, but the price continues, you open another 0.1 short and the price continues in the opposite direction. Based on your system you decide your previous trades are wrong and you open a hedge with 0.2. You lock the current loss for example $100. No matter how the price moves you can not lose more than $100.

From here you can wait for another signal based on your system and open a new 0.1 lot order short or long. Or you can take profit from the opposite order/hedge. Once you take the profit for example $20. You trim/close some of your losing positions for $10 and you continue until you close fully your losing positions.

It is a process that almost never ends and almost all the time you have active losing positions.
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #3,752
  • Jul 7, 2024 12:33am Jul 7, 2024 12:33am
Quoting Fiox89
{quote} Averaging is a known option, the problem is always how to manage the DD in cases where the price does not return to the average. Can you manage these cases with hedging? and how?
Well you just average until you blow up????, Joking of course lol
I have a couple different things I like to do, if your short you open a hedge and freeze the loss and continue trading in the other direction until you believe price will turn again and then you close the other direction and continue short to try and get out with a profit.
You can also just eat the loss and close everything.
You can partially hedge or even just leave one side open until it comes back again.
Instead of trading 0.10 on one pair trade 10 pairs at 0.01 to spread your risk.
There are multiple things you can do, the trick is to trade small enough to give yourself lots of options to get out with profit or break even, yes you wont make your 1000% a week trading like this, but small consistent gains add up over time.
  • #3,753
  • Jul 7, 2024 12:39am Jul 7, 2024 12:39am
Quoting LazyTrades
{quote} I’m no conspiracy theorist but I’ve screenshots of my broker hitting some of my trades to the exact pip on so many occasions it’s getting hard to ignore, especially on overnight spreads and during NFP etc.
Ive noticed this aswell. Im not far off becoming a full blown conspiracy nut hahahaha
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  • #3,754
  • Jul 7, 2024 3:12am Jul 7, 2024 3:12am
Quoting LazyTrades
{quote} My reply would be to trade multiple, less correlated instruments or occasionally take the loss. Look to win over the longer term without exposing yourself to drastic short term hits, which are definitely coming at some stage.
At some point I was having two platforms with the same EA averaging in a certain way, one platform for example buying E/U and the other selling E/U. Surprisingly, both were able to generate profit and sometimes hedge themselves. After a couple of months, unfortunately, they exploded. I probably should have considered trading uncorrelated crosses instead, something I will definitely try
  • #3,755
  • Jul 7, 2024 3:13am Jul 7, 2024 3:13am
Quoting Kodzhamanov
{quote} Yes, you can. You can use hedging + trimming. For example, you have 0.1 lot short, but the price continues, you open another 0.1 short and the price continues in the opposite direction. Based on your system you decide your previous trades are wrong and you open a hedge with 0.2. You lock the current loss for example $100. No matter how the price moves you can not lose more than $100. From here you can wait for another signal based on your system and open a new 0.1 lot order short or long. Or you can take profit from the opposite order/hedge....
I recently studied this method from a YouTube channel, perhaps recommended by you? It seems valid, even if it takes a long time, and still clean trades at some point. Do you apply it successfully?
  • #3,756
  • Jul 7, 2024 5:26am Jul 7, 2024 5:26am
Quoting Fiox89
{quote} I recently studied this method from a YouTube channel, perhaps recommended by you? It seems valid, even if it takes a long time, and still clean trades at some point. Do you apply it successfully?
Hi, I am not following blindly this guy or his system. He gave me a good idea about the trimming, something I was not completely aware of before, or at least I was unsure how to apply this method.

I would say I have good results +25% from January till now. Of course, if you see my stats now you will see I am in 16% dd. Two weeks ago I had only 2% dd. Meanwhile, I managed to add a few % to the balance.

It is a tricky game. I can't say I am mastering it, it requires a lot of studying and practice. The psychology as well. I continue to trade and learn while I am trading. For me, it looks promising or at least matches my personality and trading style.
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #3,757
  • Jul 7, 2024 12:27pm Jul 7, 2024 12:27pm
Quoting Fiox89
{quote} I recently studied this method from a YouTube channel, perhaps recommended by you? It seems valid, even if it takes a long time, and still clean trades at some point. Do you apply it successfully?
Yes clean trades are required to be able to close all floating losses and come out with a positive net balance.
The above was clarified by himself after many questions from viewers.
If you don't have some clean trades than your DD will just keep rising.
Infact he is in DD almost all the times
  • #3,758
  • Jul 7, 2024 12:53pm Jul 7, 2024 12:53pm
Hola, been away for awhile spending some euros in the sun...

To spice things up with your thinking maybe research some negative progression and work out some sequences, try to mix it up a bit?

Most genius's are dead but they left behind clues for us to find
  • #3,759
  • Jul 12, 2024 9:11am Jul 12, 2024 9:11am
Quick update on the, no SL, no prediction, no user input experiment, have a good weekend all.
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Sounds like a lot of screen time to me.
  • #3,760
  • Jul 12, 2024 11:17am Jul 12, 2024 11:17am
Quoting LazyTrades
Quick update on the, no SL, no prediction, no user input experiment, have a good weekend all. {image}
That's what we like to see long term steady profits, none of this I made 30% in a week, which I know people have done but it's never consistent...
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