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MGH System (Martingale Grid & Hedging)

  • #181
  • Aug 5, 2014 10:48am Aug 5, 2014 10:48am
Quoting Ata-Turkoglu
{quote} Thanks Kfx... Although I didn't get the meaning of your sentence: "I did not close the trades 1 on 1, but 3 on 3", I will try to figure it out once I find time to revisit your example charts. Happy Trades
I mean I was thinking of doing this at the beginning of creating the system, but I do not use this currently.
  • #182
  • Aug 5, 2014 11:07am Aug 5, 2014 11:07am
Quoting Kfx
{quote} I mean I was thinking of doing this at the beginning of creating the system, but I do not use this currently.
Oh.. okay now I understand.. I was thinking of something else.. clear now..

Many Thanks and Happy Trades
Focus only on what truly matters!
  • #183
  • Aug 5, 2014 11:23am Aug 5, 2014 11:23am
Quoting xlcharly
Short S1, S2, S3 close at tp at arrow1, because grid is above 50% fibo (dotted white line); then open a long L1, cause grid is below 50%; then close L1 and open S1 (sorry....my mistake) at arrow2 and then S4; both closed at tp at arrow 3; no open a buy!!!! then open a buy L2 (below 50%fibo) that goes at tp (arrow4); here open a sell S5; then S6, then S7....tp at arrow 5; then S8 tp at arrow6. All trades at TP!
Hi, I think the use of the 50% fibo rule could apply when pair is in a range, but when the pair go big in one direction that rule will prevent you from using the x2 Hedge strategy to recover from the x1's in loss because you could not Buy/Sell x2 because price will be very far from the 50% fibo level.

Do you agree?

BTW very nice strategy.. following with interest, thanks Kfx
  • #184
  • Aug 5, 2014 11:41am Aug 5, 2014 11:41am
should we do something like this?

if we have 3 1x sell and 3 2x buy, three options we can do.

1. if market move up enough, we close all orders with profit.
2. if market move down enough, 3 1x sell tp. all sell orders closed. then we open 4x sell orders only. wait for market down enough to close all in profit.
3. if market not moved, just watch the paint dry.

this way, we only have two grid, sell and buy. always set tp for small lot orders.

any comments?
  • #185
  • Aug 5, 2014 11:48am Aug 5, 2014 11:48am
Quoting masilva
{quote} Hi, I think the use of the 50% fibo rule could apply when pair is in a range, but when the pair go big in one direction that rule will prevent you from using the x2 Hedge strategy to recover from the x1's in loss because you could not Buy/Sell x2 because price will be very far from the 50% fibo level. Do you agree? BTW very nice strategy.. following with interest, thanks Kfx
Masilva,

I don't think charly was suggesting to use the Fib on every order, just for the start of a series. In other words after you hit the overall TP and there are no more trades open, then use the fib to decide which way to go.
  • #186
  • Aug 5, 2014 11:50am Aug 5, 2014 11:50am
Quoting GoldenEA
should we do something like this? if we have 3 1x sell and 3 2x buy, three options we can do. 1. if market move up enough, we close all orders with profit. 2. if market move down enough, 3 1x sell tp. all sell orders closed. then we open 4x sell orders only. wait for market down enough to close all in profit. 3. if market not moved, just watch the paint dry. this way, we only have two grid, sell and buy. always set tp for small lot orders. any comments?

That's basically what we're doing Golden. Only difference is that if there is a large spacing between the outside grids we are employing the inside grids to get the series closed. Otherwise we could be stuck in a range bound limbo for excessive amount of time.
  • #187
  • Aug 5, 2014 11:53am Aug 5, 2014 11:53am
Quoting spyderman
{quote} That's basically what we're doing Golden. Only difference is that if there is a large spacing between the outside grids we are employing the inside grids to get the series closed. Otherwise we could be stuck in a range bound limbo for excessive amount of time.
tell me why we would get spacing more than 30 pips? give me an example please.
  • #188
  • Aug 5, 2014 11:58am Aug 5, 2014 11:58am
Hi all.
Very interesting thread!!!.
Thank you Kfx for sharing and the rest of you guys for contribution.
I look forward to see further development of this system.
Definitely subscribed
  • #189
  • Aug 5, 2014 12:04pm Aug 5, 2014 12:04pm
Quoting kaczucha11
Hi all. Very interesting thread!!!. Thank you Kfx for sharing and the rest of you guys for contribution. I look forward to see further development of this system. Definitely subscribed
Hahah welcome then.. well yeah this thread is definitely a "brain polisher" because it will make you think a lot. So enjoy

Happy Trades
Focus only on what truly matters!
  • #190
  • Aug 5, 2014 12:05pm Aug 5, 2014 12:05pm
Quoting spyderman
{quote} That's basically what we're doing Golden. Only difference is that if there is a large spacing between the outside grids we are employing the inside grids to get the series closed. Otherwise we could be stuck in a range bound limbo for excessive amount of time.
I think GoldenEA talk about open x4 trades without TP until get some target. Thats the same I said before, but I only open max 3 trades. Those 3 trades can be so the price goes against, as if going in your favor.
  • #191
  • Aug 5, 2014 12:07pm Aug 5, 2014 12:07pm
Quoting masilva
{quote} Hi, I think the use of the 50% fibo rule could apply when pair is in a range, but when the pair go big in one direction that rule will prevent you from using the x2 Hedge strategy to recover from the x1's in loss because you could not Buy/Sell x2 because price will be very far from the 50% fibo level. Do you agree? BTW very nice strategy.. following with interest, thanks Kfx
Quoting kaczucha11
Hi all. Very interesting thread!!!. Thank you Kfx for sharing and the rest of you guys for contribution. I look forward to see further development of this system. Definitely subscribed
masilva and kaczucha11, welcome to the thread.
  • #192
  • Aug 5, 2014 12:17pm Aug 5, 2014 12:17pm
Quoting Kfx
{quote} I think GoldenEA talk about open x4 trades without TP until get some target. Thats the same I said before, but I only open max 3 trades. Those 3 trades can be so the price goes against, as if going in your favor.
i am talking about both sell and buy max open traders is 3 as well. total are 6 trades. in such case, either close all trade on target, or tp small lot trades.
  • #193
  • Aug 5, 2014 12:18pm Aug 5, 2014 12:18pm
Quoting GoldenEA
{quote} tell me why we would get spacing more than 30 pips? give me an example please.
You mean between x1's & x2's, or between x2's and x4's?
  • #194
  • Aug 5, 2014 12:19pm Aug 5, 2014 12:19pm
Quoting spyderman
{quote} Masilva, I don't think charly was suggesting to use the Fib on every order, just for the start of a series. In other words after you hit the overall TP and there are no more trades open, then use the fib to decide which way to go.
Yea....perfect!
It's only one way to choice the direction to initially open the grid.
  • #195
  • Aug 5, 2014 12:21pm Aug 5, 2014 12:21pm
Quoting spyderman
{quote} You mean between x1's & x2's, or between x2's and x4's?
it can only be between x1 & x2, or x2 & x4, you don't have more than two grids at the same time.
  • #196
  • Aug 5, 2014 12:23pm Aug 5, 2014 12:23pm
Quoting GoldenEA
{quote} i am talking about both sell and buy max open traders is 3 as well. total are 6 trades. in such case, either close all trade on target, or tp small lot trades.

Sorry, I guess I'm not following. You have your x1 buys open and a set of x2 sells...6 total. Now if price went way up as in this sampling you get a large space that we use x4's on. In this case, we got the TP at the top of the x2's but if we hadn't and price would have fallen then we would have started x4

So rather than start the inside x4's, what are you suggesting?

Thx

Attached Image (click to enlarge)
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  • #197
  • Aug 5, 2014 12:27pm Aug 5, 2014 12:27pm
Quoting spyderman
{quote} Sorry, I guess I'm not following. You have your x1 buys open and a set of x2 sells...6 total. Now if price went way up as in this sampling you get a large space that we use x4's on. In this case, we got the TP at the top of the x2's but if we hadn't and price would have fallen then we would have started x4 So rather than start the inside x4's, what are you suggesting? Thx {image}
in this case, x1 buy is tp and x4 buy were opened, price continued up closed all 6 orders. we start again. where is the larger gap?
  • #198
  • Aug 5, 2014 12:33pm Aug 5, 2014 12:33pm
Quoting GoldenEA
{quote} in this case, x1 buy is tp and x4 buy were opened, price continued up closed all 6 orders. we start again. where is the larger gap?
In my pic, each series is contained between red vertical lines. After the 1st vertical we started a new series with x1 sells. Price continued up for quite a ways as we kept adding and closing x2 buys. What I'm saying is that if price had reversed after first touching 1.23400 and fallen down we would have had a gap of 150 pips. If price kept falling we would have our x4's
  • #199
  • Aug 5, 2014 12:38pm Aug 5, 2014 12:38pm
Quoting spyderman
{quote} In my pic, each series is contained between red vertical lines. After the 1st vertical we started a new series with x1 sells. Price continued up for quite a ways as we kept adding and closing x2 buys. What I'm saying is that if price had reversed after first touching 1.23400 and fallen down we would have had a gap of 150 pips. If price kept falling we would have our x4's
we are not talking about the same thing. i would not keep adding and closing x2 buy without closing x1 sell.
  • #200
  • Aug 5, 2014 12:39pm Aug 5, 2014 12:39pm
Quoting GoldenEA
{quote} we are not talking about the same thing. i would not keep adding and closing x2 buy without closing x1 sell.

Okay, so now that we're at least looking at the same picture, what would you do instead of the x2 buys
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