Disliked????
I think that I don't understand what you say correctly...
if you want to use always tp=20 and sl=30 and earn more than 2pips,
1st trade: 1 buy
tp=20, sl=30, if win +20pips
2nd trade: 3 sell
tp=20, sl=30, if win 20x3-(20+30) = +10pips
3rd trade: 7 buy(total 8 buy)
tp=20, sl=30, if win 20x8-(20+30)x3 = +10pips
4th trade: 18 sell(total 21 sell)
tp=20, sl=30, if win 20x21-(20+30)x8 = +20pips
if trade stops with 4 losses, loss is 30x21 = -630pips
if you want to get always 2pips with s/l=30 and move tp,
1st trade: 1 buy
tp=2, sl=30, +2pips
2nd...Ignored
Maybe my calcs are not right, also how would spread fit into the equation?
But since the idea is to simply get out of a bad trade with 0 or minimal loss I was looking at a very small stop loss since it would be more likely to get hit quickly and end the hedge. But for this it would require a bigger multiplier to recoup any losses. There are also hidden risks, like broker disconnect at an awkward moment.... Not to be taken lightly or discounted if the stakes are high.
The charts show what I have been researching. Please let me know what you think. Is this reasonable? I think it is. Would need sufficent balance to see it to the close of all. But it could mean never taking a stop again and on a successful setting it might not even get initiated all that often.
Again we are not looking for profit with this, we just want to get out of a bad entry with 0 loss.
I have studied dozens of trades like this on the 5m that were taken on
the AU 1h. So far none have gone further than close all at f).
Original setting for trade was tp 20 stop 30
Setting for hedge is close all net 0, open buy (or sell) x multiplier after move 10 pips wrong direction.
On the charts "10 pip stops" refers to the number pips move for price action in the wrong direction before a new order x multiplier is placed in the hedge.