My Hedging System! Works Great | Forex Factory

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My Hedging System! Works Great

  • #1
  • First Post: Dec 13, 2007 1:45pm Dec 13, 2007 1:45pm
Really want someone to programme this EA for me

The Parameters are:

The EA will set pending order of buy and sell on the same value
I.e the pending order values will be:
E.g
Buy @ 1.2345
Sell @ 1.2345

N/B;The pending order values must be variable by the trader for the EA
I.e the pending order will be

Then, the stoploss and target will be -30 and +90 respectively

Actually, the stoploss and takeprofit for both the buy and sell will be editable by the trader.

Then, to secure your investment, a trailing stop for both the buy and sell

takeprofit will be set.

Trailing stop must be editable and set to TRUE or FALSE by the trader.

This system works best on pairs that move an average of +120 daily...

I am currently trading this system on my demo and so far, my results are really profitable..........................
Everything is bare Making the best out of pips
  • #2
  • Dec 13, 2007 1:48pm Dec 13, 2007 1:48pm
Really confusing....

Why not just a buy/sell (instead of pending?)

When does the trailing stop kick in? Does it replace the take profit?

When do you reopen a new hedge?
  • #3
  • Dec 13, 2007 2:30pm Dec 13, 2007 2:30pm
You can't buy and sell at once in instant execution, but you can in pending orders.

Thats actually what the buy and sell is all about.

Actually the trailing stop is to catch some profit when the trades later tries to go against you.

I will use an example:

like I set pending order bought and sold at 0 and my orders have executed
Buy parameters: T/P:100 S/L:-30
Sell parameters: T/P:-100 S/L:+30

The trailing stops parameters:

Buy/Sell Trailing stop:+5 of stoploss

This could be optional..................


The EA should place trade one at a time per chart

I.e it can place 10 orders on 10 chart

The Hedging EA starts trading at the opening of the day and should end at the closing of the day
Everything is bare Making the best out of pips
  • #4
  • Dec 13, 2007 5:17pm Dec 13, 2007 5:17pm
You may want to post this in the metatrader section.
  • #5
  • Jun 12, 2008 9:00am Jun 12, 2008 9:00am
Quoting osaze
You can't buy and sell at once in instant execution, but you can in pending orders.

Thats actually what the buy and sell is all about.

Actually the trailing stop is to catch some profit when the trades later tries to go against you.

I will use an example:

like I set pending order bought and sold at 0 and my orders have executed
Buy parameters: T/P:100 S/L:-30
Sell parameters: T/P:-100 S/L:+30

The trailing stops parameters:

Buy/Sell Trailing stop:+5 of stoploss

This could be optional..................


The EA should place trade one at a time per chart

I.e it can place 10 orders on 10 chart

The Hedging EA starts trading at the opening of the day and should end at the closing of the day
Hi osaze,

Could you, please, tell me, what time (GMT) do you put your hedge and what pairs do you prefer. Thanks.
  • #6
  • Jun 12, 2008 4:17pm Jun 12, 2008 4:17pm
Quote
I will use an example:

like I set pending order bought and sold at 0 and my orders have executed
Buy parameters: T/P:100 S/L:-30
Sell parameters: T/P:-100 S/L:+30

The trailing stops parameters:

Buy/Sell Trailing stop:+5 of stoploss
Quote
E.g
Buy @ 1.2345
Sell @ 1.2345

Then, the stoploss and target will be -30 and +90 respectively
Hi osaze,

I'm quite new to forex so if my question sounds stupid excuse me.

But for me it looks like a breakout system.

Why not just place (taking the numbers from your example)
[email protected]
[email protected]
both with a trailing stop of 35.

As soon as one side reaches the S/L its the same like only having one side opened at the S/L level???

LiT
  • #7
  • Jun 14, 2008 1:15pm Jun 14, 2008 1:15pm
Hehe...

This system looks almost identical to an EA I made a couple of months ago
That one didnt work in the long run... it was a gambling EA.

It didnt have TP, SL og TS, only profit and loss taking in the EA. If I have the time... I could try to modify it with your ideas.

mvh Mats
"White collar crime deserves a blue collar beating!" - 8fingers
  • #8
  • Jun 14, 2008 2:09pm Jun 14, 2008 2:09pm
this strategy is really a straddle 30 pips away from the current price....

you are paying double spread when you do it the way the original poster recommended....

just use one order, and a trailing stop....

ps) IMO this is pure gambling.
  • #9
  • Jun 14, 2008 3:44pm Jun 14, 2008 3:44pm
Hedge is only about make a gift of 2-3pips spread to your broker
  • #10
  • Jul 14, 2008 3:30am Jul 14, 2008 3:30am
I only trade on Euro/Usd. The market would be danger on Friday so i used hedge to earn huge profits only on friday. Try it out. What do you say?
  • #11
  • Last Post: Jul 11, 2015 8:56am Jul 11, 2015 8:56am
I used such a stretegy but on scalping basis in my opinion to be able to profit from such stregy you should have atleast 10 000$ if you open trades with 0.1 lots.
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