Hi all,

[Update, I removed the Hedge concept because it is too difficult to explain and it is confusing]

Please tell me what you think of one of my profitable

As trade continues hold until:

If trade moves against you per the above picture, you will then MULTIPLY your next entry in that direction by 1.5 (This is just what I use). Here are the levels @ a multiplier of 1.5:

L1: .01 lots (1st Long trade ends with loss) ($.10 cents per pip)

L2: .02 lots (2nd Long trade ends with loss) ($.20 cents per pip)

L3: .03 lots (etc..) (.$30 cents per pip)

L4: .05 lots (.$50 cents per pip)

L5: .08 lots (.$80 cents per pip)

L6: .12 lots ($1.20 dollar per pip)

L7: .18 lots ($1.80 dollar per pip)

L8: .27 lots ($2.70 dollars per pip)

L9: .41 lots ($4.10 dollars per pip)

L10: .62 lots ($6.20 dollars per pip)

L11: .93 lots ($9.30 dollars per pip)

L12: 1.4 lots ($14 dollars per pip)

For example (see chart below):

L1 -- Hedge S1 = -68 pips (.01 lots each)

Multiplier moves next Long entry to .02 lots

Price Retraces to close out both trades at BE

L2 -- Hedge S2 = Loss of 19 pips X 2 = -38 pips (.02 lots each)

Multiplier moves next Long entry to .03 lots

Price Retraces to close out both trades at BE

L3 -- Hedge S3 = Loss of 39 pips X 3 = -107 pips (.03 lots each)

Multiplier moves next Long entry to .05 lots

Price Retraces to close out both trades at BE

L4 -- Hedge S4 = Loss of 70 pips X 5 = -350 pips (.05 lots each)

Multiplier moves next Long entry to .08 lots

Price Retraces to close out both trades at BE

TOTAL PIPS 'LOST' BEFORE WINNING TRADE = 563 (@ .10 cents per lot = $56.30 cents)

We have to recover now 563 pips with our current total lots .08 - .01 (starting lot size) = .07 -- We are saving our .01 to RUN with the current trade

563 pips / 7 = 81 pips

Once L5 reaches 81 pips profit (not including spreads for ease), then you are even and you will close .07 lots and maintain the last lot until it hits ATR cross. If this .01 loses, then next step is .02, etc..

L5 -- Win of 183 pips

183 pips = $18.30

You will do the exact same except opposite direction of the aforementioned process. The benefit of this technique is that you can get the trend in both directions while minimizing your losses of which you may recover at some point in the future. THE MARTINGALE MULTIPLIER IS STRICTLY SEPARATE UPON LONGS & SHORTS! IF YOU ARE AT L3 ON LONG'S, YOU COULD BE AT S1 ON SHORTS, THEY DO NOT SHARE THE MULTIPLIER!

This technique makes MONEY, the only challenge is that you have to manage your trades properly by tracking them! Please provide any input or recommendations you may have. I have tried variations to this, but believe this is the best so far, but would love to see other input!

The concept is to implement a

Also, use common sense. If you believe in all your heart that an entry is long only, then only take the longs! If you believe there will be a huge retrace, then do what is beneficial to you if you choose. I just created this as I think it is going to retrace and it goes up for another 200 pips!

[Update, I removed the Hedge concept because it is too difficult to explain and it is confusing]

Please tell me what you think of one of my profitable

**LIVE**systems. This system is less about perfect entries and more about proper money management.**EXPECTED PROFIT: 10%+**PER MONTH**EXPECTED DRAWDOWN: < 20%**AT ANY TIME**INDICATORS: SUPERTREND****Recommended Time Frame: 4HR or Daily**This system is to be traded off any time frame, however, the larger the time frame, the easier to manage manually. The intent is that I along with others will create an EA from this possibly in the future to accommodate smaller time-frame's. If you aren't available to watch your charts every 4 hours, then Daily is your option until EA is created!**Recommended Lot size: .01**(Micro) 10 cents per pip or smaller -- per $250.00 -- per currency (trade 20 pairs, $5000.00 minimum account size) for daily. If 4HR, double amount due to more Martingale affect.**Recommended Pairs: ANY EXCEPT AUDNZD, EURCHF, EURGBP or any others that don't move many pips on a typical week.**Those pairs will just take up your time and energy with little profit.*Entry Rules:***LONG****BAR CLOSE PRICE >= SUPERTREND/ATR:**

THEN GO LONGTHEN GO LONG

This entry identifies itself by the supertrend changing colors from red/green

As trade continues hold until:

**BAR CLOSE PRICE <= SUPERTREND/ATR**If price for .01 lot was in profit, then exit trade

**MARGTINGALE LONG**If trade moves against you per the above picture, you will then MULTIPLY your next entry in that direction by 1.5 (This is just what I use). Here are the levels @ a multiplier of 1.5:

L1: .01 lots (1st Long trade ends with loss) ($.10 cents per pip)

L2: .02 lots (2nd Long trade ends with loss) ($.20 cents per pip)

L3: .03 lots (etc..) (.$30 cents per pip)

L4: .05 lots (.$50 cents per pip)

L5: .08 lots (.$80 cents per pip)

L6: .12 lots ($1.20 dollar per pip)

L7: .18 lots ($1.80 dollar per pip)

L8: .27 lots ($2.70 dollars per pip)

L9: .41 lots ($4.10 dollars per pip)

L10: .62 lots ($6.20 dollars per pip)

L11: .93 lots ($9.30 dollars per pip)

L12: 1.4 lots ($14 dollars per pip)

**If Multiplied trades are IN PROFIT**, then you will use all but one lot to recover your losses.For example (see chart below):

L1 -- Hedge S1 = -68 pips (.01 lots each)

Multiplier moves next Long entry to .02 lots

Price Retraces to close out both trades at BE

L2 -- Hedge S2 = Loss of 19 pips X 2 = -38 pips (.02 lots each)

Multiplier moves next Long entry to .03 lots

Price Retraces to close out both trades at BE

L3 -- Hedge S3 = Loss of 39 pips X 3 = -107 pips (.03 lots each)

Multiplier moves next Long entry to .05 lots

Price Retraces to close out both trades at BE

L4 -- Hedge S4 = Loss of 70 pips X 5 = -350 pips (.05 lots each)

Multiplier moves next Long entry to .08 lots

Price Retraces to close out both trades at BE

TOTAL PIPS 'LOST' BEFORE WINNING TRADE = 563 (@ .10 cents per lot = $56.30 cents)

We have to recover now 563 pips with our current total lots .08 - .01 (starting lot size) = .07 -- We are saving our .01 to RUN with the current trade

563 pips / 7 = 81 pips

Once L5 reaches 81 pips profit (not including spreads for ease), then you are even and you will close .07 lots and maintain the last lot until it hits ATR cross. If this .01 loses, then next step is .02, etc..

L5 -- Win of 183 pips

*Monetary Summary:*183 pips = $18.30

**ROI**= 3.66% (500.00 account per currency)**Drawdown**= 11.26%**Time-frame**= 7/22/10 - 8/9/10 = 12 trading days approx.**SHORT**You will do the exact same except opposite direction of the aforementioned process. The benefit of this technique is that you can get the trend in both directions while minimizing your losses of which you may recover at some point in the future. THE MARTINGALE MULTIPLIER IS STRICTLY SEPARATE UPON LONGS & SHORTS! IF YOU ARE AT L3 ON LONG'S, YOU COULD BE AT S1 ON SHORTS, THEY DO NOT SHARE THE MULTIPLIER!

This technique makes MONEY, the only challenge is that you have to manage your trades properly by tracking them! Please provide any input or recommendations you may have. I have tried variations to this, but believe this is the best so far, but would love to see other input!

__Broker Caution__The concept is to implement a

**Martingale**approach to recover bad entries with hedging while letting your winners ride!**THIS REQUIRES A BROKER THAT ALLOWS HEDGING IF YOU CHOOSE TO DO IT IN THE SAME ACCOUNT.**THIS CAN BE DONE IN A NON-HEDGE BROKER, HOWEVER IT WOULD THEN REQUIRE A SEPARATE ACCOUNT AND YOU WOULD HAVE TO FIGURE OUT WHICH PAIRS TO PUT IN EACH ACCOUNT TO COMPENSATE BY CREATING A MULTI-ACCOUNT HEDGE. I am using Forex.com UK account for my broker but do not recommend them over any other for certain.**Common Sense**Also, use common sense. If you believe in all your heart that an entry is long only, then only take the longs! If you believe there will be a huge retrace, then do what is beneficial to you if you choose. I just created this as I think it is going to retrace and it goes up for another 200 pips!

Attached Files

SuperTrend.mq4 4 KB | 1,725 download

Faded Background Blue.mq4 4 KB | 1,257 download

supertrend hedge v1.tpl 6 KB | 1,147 download

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