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Hedging/averaging trades without prediction

  • #4,061
  • May 15, 2025 7:31am May 15, 2025 7:31am
Quoting Waveskierrob
..it's been a year now since trading FTSE DIVI and hand on heart it's never fail me, been scary a couple of times but no more then a few days and as confidence grows so will your lot sizes and so will your bank...

great to hear that!

may i ask you what was your maximum positions when you had to average?
trading is like dancing, don't think and just listen to the music!
  • #4,062
  • May 15, 2025 7:36am May 15, 2025 7:36am
Quoting birdland
{quote} great to hear that! may i ask you what was your maximum positions when you had to average?
was down a couple of hundred pips if I remember but I was a bit greedy on the knowledge that the gap always got filled, luckily I trade very small lots to my bank size, I think that's the key
  • #4,063
  • May 15, 2025 8:47am May 15, 2025 8:47am
Quoting Waveskierrob
{quote} was down a couple of hundred pips if I remember but I was a bit greedy on the knowledge that the gap always got filled, luckily I trade very small lots to my bank size, I think that's the key

ok, that sounds like someone can also average any instrument and will have the same result;-)
trading is like dancing, don't think and just listen to the music!
  • #4,064
  • May 19, 2025 6:47am May 19, 2025 6:47am
Quoting Waveskierrob
..it's been a year now since trading FTSE DIVI and hand on heart it's never fail me, been scary a couple of times but no more then a few days and as confidence grows so will your lot sizes and so will your bank...
Great stuff, do you use a SL or how do you manage the trade?

Thanks

PC
Less is more...
  • #4,065
  • May 19, 2025 7:49am May 19, 2025 7:49am
Quoting pipcruiser
{quote} Great stuff, do you use a SL or how do you manage the trade? Thanks PC
No SL, just average it out, use very small lots
  • #4,066
  • May 21, 2025 9:21am May 21, 2025 9:21am
Tested a little EA today which just opens a div trade at 4.29 UK......... bingo 6p profit.
Div trades still at 100% as far as I can see.
Sounds like a lot of screen time to me.
  • #4,067
  • May 21, 2025 9:48am May 21, 2025 9:48am
Quoting LazyTrades
Tested a little EA today which just opens a div trade at 4.29 UK......... bingo 6p profit. Div trades still at 100% as far as I can see.
Nice one — 6p is solid if it's consistent. Are you running it manually or letting the EA trigger fully on its own? Curious how it handles unexpected spikes just before 4:29.
  • #4,068
  • May 21, 2025 11:25am May 21, 2025 11:25am
Quoting WirkKarl
{quote} Nice one — 6p is solid if it's consistent. Are you running it manually or letting the EA trigger fully on its own? Curious how it handles unexpected spikes just before 4:29.
It just opens a 10p long (min on FTSE for Oanda) trade at 4.29 UK with a take profit on the open price, if the price goes south I'll just add more longs as I see fit, will see how it fares in the wild, only one update a week though on this one.
Sounds like a lot of screen time to me.
  • #4,069
  • May 26, 2025 3:33am May 26, 2025 3:33am
FTSE DIVI 9.55 this week...
  • #4,070
  • May 26, 2025 3:35am May 26, 2025 3:35am
If the price goes south what will happen
  • #4,071
  • May 27, 2025 12:56am May 27, 2025 12:56am
Quoting Rodulf
If the price goes south what will happen
You will be in DD and you need to add more longs.
The hope is for the gap to close soon but sometimes can take days.
You need decent account size to resist the DD specially when price keeps pushing south.
  • #4,072
  • May 27, 2025 1:05am May 27, 2025 1:05am
Quoting Rodulf
If the price goes south what will happen
Watch it a few times, traded demo a few times then when you trade live use very small amounts and build up, Terry told us about this little gem over a year ago and has never fail, does go into downdraw but has never lasted more than a couple of days 100% record but your money management is key ...
  • #4,073
  • May 28, 2025 8:17am May 28, 2025 8:17am
FTSE DIVI alarm call...
Attached Image (click to enlarge)
Click to Enlarge Name: Alarm Bell over white stock photo_ Image of fire, hurry - 20573628.jpg Size: 57 KB
  • #4,074
  • May 28, 2025 8:29am May 28, 2025 8:29am
Quoting Waveskierrob
FTSE DIVI alarm call... {image}
BUY @ 8729
  • #4,075
  • May 28, 2025 8:31am May 28, 2025 8:31am
Quoting Waveskierrob
{quote} BUY @ 8729
again 8720
  • #4,076
  • May 28, 2025 8:51am May 28, 2025 8:51am
Quoting Waveskierrob
{quote} again 8720
How can this be traded in a futures account?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #4,077
  • May 28, 2025 8:56am May 28, 2025 8:56am
Quoting skyf
{quote} How can this be traded in a futures account?
I have a Spread Betting account...
  • #4,078
  • May 28, 2025 9:07am May 28, 2025 9:07am
TP set @8730...
  • #4,079
  • May 28, 2025 9:38am May 28, 2025 9:38am
Quoting skyf
{quote} How can this be traded in a futures account?
Open two separate futures account with 2 different brokers.
  • #4,080
  • May 28, 2025 9:42am May 28, 2025 9:42am
Quoting Waveskierrob
TP set @8730...
Bingo TP hit ...
Attached Image (click to enlarge)
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