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Hedging/averaging trades without prediction

  • #3,881
  • Dec 18, 2024 4:50pm Dec 18, 2024 4:50pm
Quoting Mojoloto
{quote} Yeah, at the beginning he caught me off guard as well, with those speedy gonzales moves. They have a course/mentorship they are selling, so i think he doesn't want to show it all. But backtesting like that without considering news, trading hours or letting those daily candles run for days and weeks without managing is quite misleading. But from what i saw in his videos is, he trades small. On that 100k account, he tries to keep his full position at around 1 lot volume and about 1% drawdown. He divides that 1 lot in to smaller...
They are selling. That's all you need to know.
  • #3,882
  • Dec 18, 2024 5:07pm Dec 18, 2024 5:07pm
Quoting zola
{quote} They are selling. That's all you need to know.
Yep!

Quoting sampat
{quote} He is using 0.01 lot per position at max overall 0.1 not 1 and account stop out is 1%
Ok, yes. youre right. 0.1 max Lot. But saw him go in with 0.02, 0.03 and even 0.5 and go a little over 1% DD without stopping out.
Just interested. Are in his group?
  • #3,883
  • Dec 18, 2024 7:32pm Dec 18, 2024 7:32pm
Quoting Mojoloto
{quote} Yep! {quote} Ok, yes. youre right. 0.1 max Lot. But saw him go in with 0.02, 0.03 and even 0.5 and go a little over 1% DD without stopping out. Just interested. Are in his group?
Nope but I trade some way similar lots of paper cut scratch trades.
  • #3,884
  • Dec 19, 2024 8:38am Dec 19, 2024 8:38am
Quoting LazyTrades
Over 2 years since the thread started, makes fun reading looking back at times. Just to say I'm still making money hedging, averaging back and forth as price snakes around, no predictions and no stoploss (ever) :o). Well I guess that's not entirely true as I predict price will go one way then another and profit from that behaviour but if any of the old thread hands are still out there I'd be interested to hear what you're up to? Fagin are you out of that Fr CAC trade yet? P.S. I know Rob is still around as he's always teasing some poor sap on the...
Hi LT

Yeah I burnt that CAC ages ago and stopped using EON for electric, their wine is crap and overpriced too...

Still trading away and pretty much everything is automated these days apart from when I want to be overlord of many micro lots and need to nuke a few baddies.

Hope you're all ok and trading well.
  • #3,885
  • Dec 19, 2024 12:40pm Dec 19, 2024 12:40pm
Quoting Fagin
{quote} Hi LT Yeah I burnt that CAC ages ago and stopped using EON for electric, their wine is crap and overpriced too... Still trading away and pretty much everything is automated these days apart from when I want to be overlord of many micro lots and need to nuke a few baddies. Hope you're all ok and trading well.
Good to hear Fagin, yes those Frenchies sure have some questions to answer but if the news is to be believed they are just as much in the shit as us, thing is they seem to hide it so much better, mincing around, seemingly with nothing to do all day but buy bagettes and cakes, tarmac on the roads and asleep by 6pm whereas I've a feeling they didn't have to change much to film 28 years later here in the UK .
Sounds like a lot of screen time to me.
  • #3,886
  • Dec 19, 2024 1:47pm Dec 19, 2024 1:47pm
Quoting LazyTrades
{quote} Good to hear Fagin, yes those Frenchies sure have some questions to answer but if the news is to be believed they are just as much in the shit as us, thing is they seem to hide it so much better, mincing around, seemingly with nothing to do all day but buy bagettes and cakes, tarmac on the roads and asleep by 6pm whereas I've a feeling they didn't have to change much to film 28 years later here in the UK .
No need to cast for extras that's for sure. In fact it'll be more like a documentary not a fiction!
I've travelled with a few on the train today
  • #3,887
  • Dec 19, 2024 2:00pm Dec 19, 2024 2:00pm
"Actors were used in the making of this film and any similarity to actual persons is purely coincidental"
Sounds like a lot of screen time to me.
  • #3,888
  • Dec 19, 2024 2:41pm Dec 19, 2024 2:41pm
I can see that not long after some red candles come along, green ones appear and vice versa.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-12-19 203629.png Size: 3 KB
Sounds like a lot of screen time to me.
  • #3,889
  • Dec 20, 2024 5:12am Dec 20, 2024 5:12am
Quoting LazyTrades
I can see that not long after some red candles come along, green ones appear and vice versa..... {image}
Hmmm festive candles?
  • #3,890
  • Jan 6, 2025 11:10pm Jan 6, 2025 11:10pm
Low DIVI this week but at least I remembered...
  • #3,891
  • Jan 20, 2025 10:53am Jan 20, 2025 10:53am
Quoting Waveskierrob
{quote} Hi LT yea im still plugging away, working on an update trying to minimise DD only in it first week but here it is ...open BUY and SELL on the EU at European open then check on trades every 5 minutes close if in profit by 1 pip, check again on the 5 minute if trade still negative place a opposite trade etc, when negative trade is -10 pip place another trade in that direction, if that trade 2nd trade becomes negative by -20 pip then place another in that direction then -30 so on and so on, if say the 3 negative trades become +1 pip in profit...
Hi Wave,
Can you please share additional details about this method?
Your insights would greatly enhance our understanding and application.
Thank a million!
  • #3,892
  • Jan 20, 2025 11:15am Jan 20, 2025 11:15am
Quoting LazyTrades
{quote} Good to hear Fagin, yes those Frenchies sure have some questions to answer but if the news is to be believed they are just as much in the shit as us, thing is they seem to hide it so much better, mincing around, seemingly with nothing to do all day but buy bagettes and cakes, tarmac on the roads and asleep by 6pm whereas I've a feeling they didn't have to change much to film 28 years later here in the UK .
I'm French, and I can confirm: we are in the same situation as the UK. The government has put the country in a bad situation. Corruption is widespread in France, but nobody wants to admit it. Nobody is happy with the current politics because boomers voted for Macron (who wants to increase the retirement benefits for boomers, and this guy is politically "in the middle"). Then you have a big majority supporting the far-right (Marine Le Pen), who is seen by the center and the left as racist, etc. Finally, there is another large group supporting the far-left (Jean-Luc Mélenchon), who is on the verge of communism (he wants to tax the "rich" even more; you get the picture).
Macron benefits from this division in France. In the second round of elections, whether it's Macron vs. Le Pen or Macron vs. Mélenchon, Macron wins. So it's complicated.
Moreover, France has lost a significant part of its economic rating, and the economic situation keeps getting worse. We have one of the highest debts in Europe. Many immigrants arrive from Africa, and people who want to succeed and work are leaving because taxes are so high to support immigrants and other expenses. On top of that, some immigrants squat houses, and you can't do anything because the law protects delinquents.
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  • #3,893
  • Jan 20, 2025 1:32pm Jan 20, 2025 1:32pm
Quoting LFrZero
{quote} Hi Wave, Can you please share additional details about this method? Your insights would greatly enhance our understanding and application. Thank a million!
What addition details are you after..
  • #3,894
  • Jan 20, 2025 3:11pm Jan 20, 2025 3:11pm
Quoting miquiche
{quote} I'm French, and I can confirm: we are in the same situation as the UK. The government has put the country in a bad situation. Corruption is widespread in France, but nobody wants to admit it. Nobody is happy with the current politics because boomers voted for Macron (who wants to increase the retirement benefits for boomers, and this guy is politically "in the middle"). Then you have a big majority supporting the far-right (Marine Le Pen), who is seen by the center and the left as racist, etc. Finally, there is another large group supporting...
Well Miquiche, welcome, I guess a little dialogue in the spirit of Entente Cordiale won't harm the thread too much. I'm not surprised about the levels of corruption, some time ago one of the OG hedgers got in a bit of a pickle with a CAC trade so we all did our best to force the index up by buying as many French goods as possible but to no avail, I can only assume the money ended up in the wrong hands. All I can say is at least you have some choice, should relocation be required, whereas us miserable Brits have few options now (although I've heard the snakes in Paraguay are quite friendly).
Sounds like a lot of screen time to me.
  • #3,895
  • Jan 20, 2025 3:20pm Jan 20, 2025 3:20pm
Quoting miquiche
{quote} I'm French, and I can confirm: we are in the same situation as the UK. The government has put the country in a bad situation. Corruption is widespread in France, but nobody wants to admit it. Nobody is happy with the current politics because boomers voted for Macron (who wants to increase the retirement benefits for boomers, and this guy is politically "in the middle"). Then you have a big majority supporting the far-right (Marine Le Pen), who is seen by the center and the left as racist, etc. Finally, there is another large group supporting...
There is a tremendous amount of negative energy about Europe (and especially the UK).

It made little sense as an economic ideal. It is a generational disaster as a social ideal.

I try to live by the "if I can't change it don't worry about it" philosophy but I can't seem to these days.... since that wanker Starmer and his commies got in power I've lost all hope now.
  • #3,896
  • Jan 20, 2025 6:13pm Jan 20, 2025 6:13pm
Yeah, it's been six years now since I last went to the UK. I've heard that things have gotten worse in terms of population and economic growth. When I see on the news that parts of the Indian population are burning restaurants and other places, it makes me feel sad.
Personally, I'm young, and I don't want to stay in Europe because it saddens me to witness the decline of so many things—not just the economic situation. I'm French and Portuguese, and it's becoming the same thing in Portugal (mainly due to the European government promoting people who support a new version of Europe). Europe is economically dead, and, in my view, this is due to bad political decisions and the manipulation of the masses into believing that only governments can change their situation, always blaming others.
People don't want to take responsibility, and the powerful take advantage of this situation to enslave people, bringing in others who will accept tiny salaries and live in poor conditions. These people often lack a "European mentality" (which once meant growth and resilience) that Americans still seem to possess.
We are progressively losing the qualities that historically made us great. Good people leave for better countries and are replaced by "low-quality immigrants." As for the UK, I don't know the situation very well, but it also seems deeply corrupted by elites who don't want people to fight back—they want slaves.
Is it really so hard to leave the UK? Personally, I want to travel toward Russia first to see if it's really the "hell" that the vast majority of people claim it to be, even though most of them have never set foot in an Eastern country.
  • #3,897
  • Jan 21, 2025 1:40am Jan 21, 2025 1:40am
Quoting miquiche
Yeah, it's been six years now since I last went to the UK. I've heard that things have gotten worse in terms of population and economic growth. When I see on the news that parts of the Indian population are burning restaurants and other places, it makes me feel sad. Personally, I'm young, and I don't want to stay in Europe because it saddens me to witness the decline of so many things—not just the economic situation. I'm French and Portuguese, and it's becoming the same thing in Portugal (mainly due to the European government promoting people who...
Good luck with your journey. Not sure where I'll go but I am off somewhere in the next 4 years or so unless there are some major changes. Sadly though I think we are too deep into this. The political corruption is off the scale and not even hidden anymore.
It's been part of a decades old plan by the likes of Soros and Gates and it's playing out nicely for them....
  • #3,898
  • Jan 21, 2025 2:22am Jan 21, 2025 2:22am
Quoting miquiche
Yeah, it's been six years now since I last went to the UK. I've heard that things have gotten worse in terms of population and economic growth. When I see on the news that parts of the Indian population are burning restaurants and other places, it makes me feel sad. Personally, I'm young, and I don't want to stay in Europe because it saddens me to witness the decline of so many things—not just the economic situation. I'm French and Portuguese, and it's becoming the same thing in Portugal (mainly due to the European government promoting people who...
If you are on the early side of your life's journey, my advice would be not too get too down on things early doors as, by the time you get to my age, you'll be such a Debbie Downer you'll not get many party invitations. I always like to watch Deadliest Catch, All Quiet on the Western Front etc. If you think things are bad or having a bad day, just to get things in perspective. Also, if FF was around 200 years ago there wouldn't be too many people over 50 on the thread with such short life expectancies.

Having said all that I can honestly say the UK is in the worst state I can remember since the early 80s and you youngsters are certainly facing a much harder time than I had. Christ, I started working at 14, bought my own motorcycle, moved out when I was 16, owned hot hatch sports cars and went to nightclubs twice a week on the wages of a building labourer. At least if you're French you can head to the Med for some sun, come and have a look at some of our sea-side towns in February (assuming your car survives the roads), it's like Chernobyl on a wet Wednesday.
Sounds like a lot of screen time to me.
  • #3,899
  • Jan 21, 2025 10:36am Jan 21, 2025 10:36am
Quoting Waveskierrob
{quote} What addition details are you after..
My understanding is as follows; please correct me if I'm wrong.
When you open both a BUY and a SELL position simultaneously, do you set a take profit (TP) of 1 pip, or do you close the trades manually after checking them every 5 minutes?
If, after checking the 5-minute chart, one trade has closed and the other is still in the negative, should you then place an opposite trade? For example, if you close one trade in profit (BUY with a 1 pip TP) while the other trade is still negative (SELL, down 3-5 pips), should you open a new BUY position? Should both trades be closed manually or with a take profit? It seems like the negative position is becoming deeper.
Thank you!
  • #3,900
  • Jan 21, 2025 10:52am Jan 21, 2025 10:52am
Quoting LFrZero
{quote} My understanding is as follows; please correct me if I'm wrong. When you open both a BUY and a SELL position simultaneously, do you set a take profit (TP) of 1 pip, or do you close the trades manually after checking them every 5 minutes? If, after checking the 5-minute chart, one trade has closed and the other is still in the negative, should you then place an opposite trade? For example, if you close one trade in profit (BUY with a 1 pip TP) while the other trade is still negative (SELL, down 3-5 pips), should you open a new BUY position?...
Yes that's the jist of it, not going to tell you how to trade as we are all different, could set a TP or wait after 5 or 10 minutes etc entirely up to you, if the market goes in one direction yes you will start getting deeper then you can start to average out e.g. if you're minus 10 or 20 pips on you're sat SELL trade then SELL again , make sure you have big bank use small lots, the more you do it the greater your confidence, try demo first for at least a month, if anyone has anything else to add please do
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