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MGH System (Martingale Grid & Hedging)

  • #101
  • Aug 3, 2014 5:17am Aug 3, 2014 5:17am
Quoting Kfx
{quote} Yes, all that you have said is correct. No SL.
Not to butt in "but"... I think the only step howtwok missed was bringing his first buy's TP down to 1.0090 when the 2nd buy was taken.
  • #102
  • Aug 3, 2014 5:20am Aug 3, 2014 5:20am
Quoting mwsteiner
Hi KFX, i also want to join your thread to test the system. I have draw some entrys on eur/usd m5 from last friday. Plz can you comment my entrys if right or wrong?! I took 6 trades, but iam not sure what´s with "sell 2" ( i think thats a loss) and "buy 2" (i don´t now the exact BE point/time). I´m only take BE and TP with more then 2 pips above or below the grid levels (spread). Thanks and greetz Michael{image}

Your TP on sell 3 & 4 and BE on sell 2 would be 1.34200 which hasn't hit yet. So no buy 2 yet.
  • #103
  • Aug 3, 2014 5:21am Aug 3, 2014 5:21am
Quoting Kfx
This is another example of "Basic entries" when our martingale and hedging are not necessary to use yet, only grids. I think this time will be quite clear, I do not know how to simplify it more {image}

Great chart Kfx...very clear
  • #104
  • Aug 3, 2014 5:52am Aug 3, 2014 5:52am
Quoting mwsteiner
Hi KFX, i also want to join your thread to test the system. I have draw some entrys on eur/usd m5 from last friday. Plz can you comment my entrys if right or wrong?! I took 6 trades, but iam not sure what´s with "sell 2" ( i think thats a loss) and "buy 2" (i don´t now the exact BE point/time). I´m only take BE and TP with more then 2 pips above or below the grid levels (spread). Thanks and greetz Michael{image}
Hi mwsteiner, welcome to the thread.

There is not B.E. in this system . You have to wait to 'sell 2', 'sell 3' and 'sell 4' reach the TP @ 1.34200.

Please, take a look at the example picture in post #95, I think would be very helpful for you.
  • #105
  • Aug 3, 2014 5:59am Aug 3, 2014 5:59am
Quoting spyderman
{quote} Your TP on sell 3 & 4 and BE on sell 2 would be 1.34200 which hasn't hit yet. So no buy 2 yet.

You are quick my friend
  • #106
  • Aug 3, 2014 6:00am Aug 3, 2014 6:00am
Quoting spyderman
{quote} Not to butt in "but"... I think the only step howtwok missed was bringing his first buy's TP down to 1.0090 when the 2nd buy was taken.
I do not understand what you mean ... Yo know ... my bad english.
  • #107
  • Aug 3, 2014 6:01am Aug 3, 2014 6:01am
Quoting spyderman
{quote} Great chart Kfx...very clear
Thanks
  • #108
  • Aug 3, 2014 6:11am Aug 3, 2014 6:11am
Quoting Kfx
{quote} There is not B.E. in this system .
Kfx, Am i missing something? those two green horizontal lines on your recent example, are they not BE?
  • #109
  • Aug 3, 2014 6:13am Aug 3, 2014 6:13am
Quoting Kfx
This is another example of "Basic entries" when our martingale and hedging are not necessary to use yet, only grids. I think this time will be quite clear, I do not know how to simplify it more {image}
ah nice chart...now i see

buy 1st 1 lot with TP 10 pips ---> price move down...
buy 2nd 1 lot with TP10 pips (moved 1st lot TP to 0 ips) ---> price move down...
buy 3rd 1 lot with TP 20 pips
if price manage to climb back up and all hit TP, i go opposite trade i.e. sell 1st 1 lot (the cycle begins again)
TP hit...so i go opposite trade again...i.e buy 1 lot and so on....

am i rite?
  • #110
  • Aug 3, 2014 6:38am Aug 3, 2014 6:38am
Quoting Kfx
{quote} I do not understand what you mean ... Yo know ... my bad english.
I just meant that on hewtwok's example he forgot to move his level 1 buy to BE once the 2nd buy was made.

You're doing fine with your English too...
  • #111
  • Aug 3, 2014 6:39am Aug 3, 2014 6:39am
Quoting mario777
{quote} Kfx, Am i missing something? those two green horizontal lines on your recent example, are they not BE?
I meant no grid finish in B.E. , but yes, when you have 2 or 3 trades in a grid, one of them finish in B.E.
  • #112
  • Aug 3, 2014 6:41am Aug 3, 2014 6:41am
Quoting hewtwok
{quote} ah nice chart...now i see buy 1st 1 lot with TP 10 pips ---> price move down... buy 2nd 1 lot with TP10 pips (moved 1st lot TP to 0 ips) ---> price move down... buy 3rd 1 lot with TP 20 pips if price manage to climb back up and all hit TP, i go opposite trade i.e. sell 1st 1 lot (the cycle begins again) TP hit...so i go opposite trade again...i.e buy 1 lot and so on.... am i rite?
Perfectly right!
  • #113
  • Aug 3, 2014 6:41am Aug 3, 2014 6:41am
Quoting spyderman
{quote} I just meant that on hewtwok's example he forgot to move his level 1 buy to BE once the 2nd buy was made. You're doing fine with your English too...
Ah ok, that's correct.
  • #114
  • Aug 3, 2014 9:18am Aug 3, 2014 9:18am
Quoting spyderman
{quote} Your TP on sell 3 & 4 and BE on sell 2 would be 1.34200 which hasn't hit yet. So no buy 2 yet.
Thanks mate, that helped me a lot!

another question:

In my example i have 3 open sell orders (sell 2, sell 3 and sell 4) which i´m waiting for TP @ 1.34200, then "buy 2" at this line (1.34200)?

When price go up again then i would 2lot "sell 5"?

Thanks a lot and excuse my bad English!

greetz Michael
  • #115
  • Aug 3, 2014 9:45am Aug 3, 2014 9:45am
Quoting mwsteiner
Thanks mate, that helped me a lot! another question: In my example i have 3 open sell orders (sell 2, sell 3 and sell 4) which i´m waiting for TP @ 1.34200, then "buy 2" at this line (1.34200)?
Yes, buy 2 in 1.34200

Quoting mwsteiner
When price go up again then i would 2lot "sell 5"? Thanks a lot and excuse my bad English! greetz Michael
If the price goes to 1.3450 without close the 3 sells, you have to buy 2 lots.

If you buy 2 get TP, you sell 1 lot.
  • #116
  • Aug 3, 2014 1:11pm Aug 3, 2014 1:11pm
Quoting Kfx
{quote} There you go ... {image}
Hi Kfx,

Was busy all day and had to drive long distance too.. so couldnt reply till now..

Thank you so much for your explanations on my Hedge x2 question. It was so helpful again.

Many Thanks..
Focus only on what truly matters!
  • #117
  • Aug 3, 2014 1:35pm Aug 3, 2014 1:35pm
Quoting Kfx
{quote} Yes, buy 2 in 1.34200 {quote} If the price goes to 1.3450 without close the 3 sells, you have to buy 2 lots. If you buy 2 get TP, you sell 1 lot.
Thanks a lot KFX!!
  • #118
  • Aug 3, 2014 1:54pm Aug 3, 2014 1:54pm
Hi Kfx... you know what? Just like Neo was saying in the Matrix movie: "I know kung-fu...." same way I know now your system.. finally I got it.. Understanding the base method and hedge x2 opened the doors of understanding hedge x4 and x8 and x16 and all connected because now I can clearly see that these are all the methods we had to use if things go in the opposite way.

Because at the very beginning I was assuming the examples you are axplaining are all separate but they were not. They are just a response to the market if price goes against you. So I am 100% sure now what this system is trying to do. All I need is to get used to the rules.

Many thanks mate.. I will go back to my tests now by using the system fully..

Important Note: In the real world we have "spread" and "commissions" and therefore we have to earn a little more pips than you were calculating. Of course for everyone of us it depends on broker we use, the pair or instruments we trade.. so I keep that in mind too..

Happy Trades
Focus only on what truly matters!
  • #119
  • Aug 3, 2014 3:23pm Aug 3, 2014 3:23pm
Quoting Kfx
This is another example of "Basic entries" when our martingale and hedging are not necessary to use yet, only grids. I think this time will be quite clear, I do not know how to simplify it more {image}

A picture is better than thousand words! Thanks alot...now i understand your basic level 1 grid now...waitin for more....

Btw the way 10 pips grid is an example only? Can we use 15 or 20 pips grid depends on pair ???

Thanks
Patience, let the market come to you!
  • #120
  • Aug 3, 2014 7:32pm Aug 3, 2014 7:32pm
been reading all the pages. i hope i understand everything, i will test it out on demo on Eur/Usd for this week and give feedback on the test

anyway, i use this sweetspot indi as guidance because it draw 10 pips grid
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