Good points, hanover. Your math is correct, too. I know that. As I said before, I hedge only for simplicity. As a programmer, you know it is much easier to base decisions on an open trades table than to keep track of closed trades. You can ignore history at all. I don't mind about individual trades. I look at a sequence of them. I have near 90% small profits against 10% losses (individually larger, of course). The general outcome of the sequence (I call it a "cycle") is positive. As an immediate step, I am opening a new account with a broker that still allows hedging. But I will work on ajusting my procedures to a non hedging environment. How many will follow NFA? I don't know and I don't want to fall victim of rigidity. Regards.
