quote of the day:
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It's like deja-vu all over again
Close all open trades if current total open lotsize exceeds"X" 0 replies
script to "close open orders" and "open opposite orders" 3 replies
Seeking Correct Open/Close - It's Close but ... 0 replies
program: open a position when (close-open)==** 3 replies
Daily Scalping Hedging/ATR Discussion 23 replies
DislikedHi Thom, you still hanging around the SRDC folks?
...I base my position size for each trade where an 100 pip move = 1% of my balance...Ignored
QuoteDislikedCurrently we have been in an uptrend since 3-18-07.
DislikedI think we both need to spend some time forward testing this system. I'm at least honest enough to admit I haven't spent any. What I'm thinking right now is that when we are within a range we may develop say 14 buy/sell hedged positions. As a new trend develops the hedged orders decrease. Say in a strong up trend we add just 2 more buy/sells hedged positions while riding it. Since we are in an uptrend we will need to take 17 lot long positions. One must be really brave (or stupid) to kill either side at this point since you will leave 17 buys or sells open risking to wipe out all your gains with only a 100 pip move...Ignored
DislikedHi Yezbick
I have been tryiing to some backtests on this system and i was very impressed with the low amount of hedges and all the profits as the market takes of. Then i saw i was on the 4 hour chart. Have you perhaps been looking at this with the same MA settings?
It looks like a lot more profits and you will have about 2 thirds less on your open hedges.
Just an observations. No real testing has been done
EbenIgnored
DislikedExactly, less hedges, less baby sitting (every 4 hours), more profits, we can even reduce the width of the channel to 50 pips as opposed to the existing 100 pipsIgnored
DislikedHi Yezbick
I have been tryiing to some backtests on this system and i was very impressed with the low amount of hedges and all the profits as the market takes of. Then i saw i was on the 4 hour chart. Have you perhaps been looking at this with the same MA settings?
It looks like a lot more profits and you will have about 2 thirds less on your open hedges.
Just an observations. No real testing has been done
EbenIgnored
DislikedHi Yezbick
I have been tryiing to some backtests on this system and i was very impressed with the low amount of hedges and all the profits as the market takes of. Then i saw i was on the 4 hour chart. Have you perhaps been looking at this with the same MA settings?
It looks like a lot more profits and you will have about 2 thirds less on your open hedges.
Just an observations. No real testing has been done
EbenIgnored