maybe you would like to share what are your hedging rules? when do you open the hedging position, when do you close it? when do you close the initial position if the market really goes against it? ... and the rest of the details. thanks
i'm really looking forward to it.
i'm really looking forward to it.
DislikedBasically the rules that I have created and appear to work for the "Open-Close Trending system are that you refuse to take a SL. I hedge instead of taking the SL or SAR in this case waiting for the pair to return to a positive position for the trade position that would have lost pips.
I have found that at least in the open close trending the following result happens when I hedge instead of taking the SL and issuing a SAR.
There were 13 bad trades since 12-25-06 that resulted in a loss of 1044 pips total. When I hedge instead of taking the SL. 10 of the 13 bad trades resulted in a 2,030 pip profit or a additional 3000+ pips to be added to the already positive system of 5000 plus pips. This brings a total of 8482 pips in the Open Close trending system in the last 3 months or almost 3000 pips a month. Quite a amazing results.
I have yet to see how this could be put into place on the tKimble Daily but I feel that the results would be astonishing just as they were in the other system. Hopefully, I'll have a chance to get around to it soon and post the results.
Hope this helps,
yezbickIgnored
Nihil Sine Deo.