MGH System (Martingale Grid & Hedging)

Quoting xlcharly

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{quote} GBPNZD for its great ADR (use indicator attached...set 10 days). S1 (S1 bis...my mistake) and S4....isn't TP at arrow 3? I'm wrong?

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Quoting xlcharly

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sorry....the indi.... {file}

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Quoting xlcharly

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Dear friends, I want to suggest you this upgrades: 1) consider only exchanges that has an ADR (average daily range, period 10 or 20) that is >=60 pips 2) consider the 50% fibo line; if grid lines are above 50% line than we consider only sell signal, if are below we consider only buy signal I mean, the 50% fibo line is somewhere an attractor for the dinamic of daily price, so it's better to consider it. See the picture of today GBPNZD http://i62.tinypic.com/29vaz9z.jpg {image}

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Quoting spyderman

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{quote} Charly, Do you have the indi for the running Fib

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Quoting Ata-Turkoglu

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Hi Kfx, I have a different question now.. but it may happen and I need to know what you would suggest if something like this happens. My question is on the drawing. I hope my simple drawing is clear enough so you can get the idea. Many Thanks {image}

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Quoting spyderman

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{quote} Good question ATA, will be interesting to see Kfx's response. My thoughts are that you could have your pending orders in place (both x1's and x2's) that would help with some of that. Also that is one advantage of a bigger grid size. It will neutralize much of the spike issues.

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Quoting spyderman

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Finally got my first entry last night. Now the fun starts... {image}

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Quoting spyderman

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{quote} Good question ATA, will be interesting to see Kfx's response. My thoughts are that you could have your pending orders in place (both x1's and x2's) that would help with some of that. Also that is one advantage of a bigger grid size. It will neutralize much of the spike issues. {image}

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Quoting xlcharly

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{quote} Typical case when we are near/in high impact news. I think the solutions can be: 1) if grid is in gain, close the grid 30 minutes before news 2) if grid is in loss, hedging the opened positions. I mean, suppose I have 3x1 buy opened, I open a 3lots sell to hedge my grid, like to freeze the situation. So, if a gap happens, I'm protected by the hedging sell lots. IMHO

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Quoting spyderman

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{quote} Good question ATA, will be interesting to see Kfx's response. My thoughts are that you could have your pending orders in place (both x1's and x2's) that would help with some of that. Also that is one advantage of a bigger grid size. It will neutralize much of the spike issues. {image}

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Quoting Ata-Turkoglu

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Hi Kfx, I have a different question now.. but it may happen and I need to know what you would suggest if something like this happens. My question is on the drawing. I hope my simple drawing is clear enough so you can get the idea. Many Thanks {image}

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Quoting Ata-Turkoglu

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{quote} Thanks mate.. yeah.. I am looking forward for Kfx's answer.. but you are right a bigger grid size would definitely eliminate my concern.. but I know from research that sometimes markets can have even 60 pips or higher spikes in a minute.. still need to know what the strategy would be.. Happy Trades

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Quoting Kfx

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Let see another easy situation, let's call it "Hedge x2" Now we have our grid of sells on Level 4 so without close the sells .... 1. We will open only buys doubling the last lote. 2. If the price go against, we add up to 2 grid levels more with the same lote size. 3. We will close all buys and sells when we reach 100 pips or more. {image} Until now those are very easy situations. Later we well see some more complicate. In advance I will say that this system have a percent equity SL and a different equity TP target, depending on the hedge multiplier....

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Quoting GoldenEA

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{quote} say we have 3 sell with 1x lot and at level 4 we opened 2x buy,1. what tp should i have for this buy? 2. price continue to go up to 5 level, 6 level, do i add 2x buy at 5 and 6 level and what tp should set for 2x buy?

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Quoting Kfx

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{quote} {quote} {quote} Yes, news or quick moves are a big problem. You can have all your pending orders and TP's ready to be hit, but in the real live the slippage may cause great damage. A solution that we can apply, is to have only 3 pending orders but without TP. If we see that price is strong trending, wait for all our positions get BE or some profit and close all. I have to say that when I was creating this system, I did not close the trades 1 on 1, but 3 on 3. Thus, we always win ground to opposite positions, but otherwise does not accumulate...

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