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MGH System (Martingale Grid & Hedging)

  • #221
  • Aug 6, 2014 6:13am Aug 6, 2014 6:13am
anyway....respecting the strategy, we would have at this moment 3 x1 buy opened, as you can see at point 5,8,9 an a probable x2 sell if price reaches 1.99200.
Let's see......

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  • #222
  • Aug 6, 2014 6:55am Aug 6, 2014 6:55am
Quoting xlcharly
{quote} Hi boss ... what do you think about the dangerous situation in the picture? Is it ok for you to open sell 2 at 1.99400 and then a x1 buy at 8? Updating..... {image} Let'see the importance of 50% fibo. At this level we can close both x1 buy (point 5 and 8) as pointed out with the arrow. p.s. sorry for my english!
What about the x1 buy @ 1.99500?

Then @ 1.99300 you have to sell x2. At 1.99200 another x2 sell, and when the price go up another x2 sell @ 1.99400 ...

Price go up and all your x1 buys have rached the TP.

Now you have to wait ... If price go to 1.99700 you open x4 buy ... if go down, you get TP for your x2 sells.
  • #223
  • Aug 6, 2014 7:02am Aug 6, 2014 7:02am
Hello,

Thanks KFX and other who understand to your effort

I try to understand this system but im not so familar with hedging and when doubling lots size.

I take an arbitrary entry on yesturday london open.

i want to know if i've doubled lot size correctly or not.


(like other English is not my mother language )
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  • #224
  • Aug 6, 2014 7:10am Aug 6, 2014 7:10am
Quoting ckikadikoi
Hello, Thanks KFX and other who understand to your effort I try to understand this system but im not so familar with hedging and when doubling lots size. I take an arbitrary entry on yesturday london open. i want to know if i've doubled lot size correctly or not. (like other English is not my mother language ) {image}
Hi ckikadikoi, welcome to the thread.

You are doing right ...

But, you should continue selling x2 until get 100 pips profit. You only start with x4 if the price go up and you start with buys in a inside grid.
  • #225
  • Aug 6, 2014 7:20am Aug 6, 2014 7:20am
So if we look at the blue vertical line it s not a new grid ??
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  • #226
  • Aug 6, 2014 7:20am Aug 6, 2014 7:20am
Woke up this morning to my second entry on the EurUsd 50pip grid. Gotta love that Eur movement during London open.
Anyways...moved my TP on trade 1 to BE at 1.3400 with same TP on trade 2

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  • #227
  • Aug 6, 2014 7:25am Aug 6, 2014 7:25am
Charly,

Was just making adjustments to my pending orders (as I drink my first cup of coffee ) and realized a possible snag using the 50% fib.
You will have to wait until you hit TP on a series before you determine which direction your next trade will be, whereas, with Kfx's method that is predetermined so that
you can set all your pendings (for overnight) and not miss out on your trades. What do you think.
  • #228
  • Aug 6, 2014 7:35am Aug 6, 2014 7:35am
Quoting ckikadikoi
So if we look at the blue vertical line it s not a new grid ?? {image}
Yes, but we only double the lot at oppossite operation type. For example from sells to buys or from buys to sells
  • #229
  • Aug 6, 2014 7:37am Aug 6, 2014 7:37am
Quoting spyderman
Woke up this morning to my second entry on the EurUsd 50pip grid. Gotta love that Eur movement during London open. Anyways...moved my TP on trade 1 to BE at 1.3400 with same TP on trade 2 {image}
EUR/USD is very trending down now, but I expect some reversal in the short time.
  • #230
  • Aug 6, 2014 7:41am Aug 6, 2014 7:41am
Quoting Kfx
{quote} EUR/USD is very trending down now, but I expect some reversal in the short time.

Agreed...that's why I like your system. Don't have to stress too much about direction, just let the grid hedge do the work.
Now when we get to some serious open orders, we'll see if that's still the case.
  • #231
  • Aug 6, 2014 9:39am Aug 6, 2014 9:39am
Quoting Kfx
{quote} Yes, but we only double the lot at oppossite operation type. For example from sells to buys or from buys to sells

ok thanks for your aswer
  • #232
  • Aug 6, 2014 9:41am Aug 6, 2014 9:41am
Hi Kfx,

So far I tested myself on a 5 minute chart DAX trade. The steps I followed are documented in the image.

I would really appreciate if you could check these steps and tell me if any of my steps are wrong. I also have a question for step 32.. There it became tricky for me.. So could you help me out of my little concern?

Many Thanks
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Focus only on what truly matters!
  • #233
  • Aug 6, 2014 9:51am Aug 6, 2014 9:51am
Quoting Ata-Turkoglu
Hi Kfx, So far I tested myself on a 5 minute chart DAX trade. The steps I followed are documented in the image. I would really appreciate if you could check these steps and tell me if any of my steps are wrong. I also have a question for step 32.. There it became tricky for me.. So could you help me out of my little concern? Many Thanks {image}
ATA...not sure when Kfx will return, but meanwhile I may comment. Then Kfx can when he's back.

Just starting out. No short on #2. The long #1 didn't hit TP so no shorts. You would take the 2nd long where you have #3 and closed both at #4, then gone short.
I'll keep checking.
  • #234
  • Aug 6, 2014 9:55am Aug 6, 2014 9:55am
Quoting spyderman
{quote} ATA...not sure when Kfx will return, but meanwhile I may comment. Then Kfx can when he's back. Just starting out. No short on #2. The long #1 didn't hit TP so no shorts. You would take the 2nd long where you have #3 and closed both at #4, then gone short. I'll keep checking.
Ata...as I continued on I noticed you doing the same thing. No long at #5 as your #4 was still open.

Just remember you don't take that opposite direction trade unless you hit your TP's

If you could rework your chart based on that...or you can wait for Kfx to comment
  • #235
  • Aug 6, 2014 9:55am Aug 6, 2014 9:55am
Quoting spyderman
{quote} ATA...not sure when Kfx will return, but meanwhile I may comment. Then Kfx can when he's back. Just starting out. No short on #2. The long #1 didn't hit TP so no shorts. You would take the 2nd long where you have #3 and closed both at #4, then gone short. I'll keep checking.
The closing of #1 is at point 6.. don't get confused please.. but you continue and finish first.. I am following

Happy Trades
Focus only on what truly matters!
  • #236
  • Aug 6, 2014 9:59am Aug 6, 2014 9:59am
Quoting spyderman
{quote} Ata...as I continued on I noticed you doing the same thing. No long at #5 as your #4 was still open. Just remember you don't take that opposite direction trade unless you hit your TP's If you could rework your chart based on that...or you can wait for Kfx to comment
I knew there is still something wrong in what I do.. because the system has so many variations.. all rules still not summarized.. so I am trying to find my own way out of this lol.. thanks for your explanations..

Happy Trades
Focus only on what truly matters!
  • #237
  • Aug 6, 2014 10:00am Aug 6, 2014 10:00am
Great thread Kfx

I've been trying to figure this out but have got a little confused when we get past the second series of 2x buys/sells, could you Kfx or spyderman post a chart with each move similar to your second chart (on first page) which is easy to understand when we get to the 4x levels and beyond,

thanks in advance

Eamonn.
  • #238
  • Aug 6, 2014 10:03am Aug 6, 2014 10:03am
Quoting spyderman
{quote} Ata...as I continued on I noticed you doing the same thing. No long at #5 as your #4 was still open. Just remember you don't take that opposite direction trade unless you hit your TP's If you could rework your chart based on that...or you can wait for Kfx to comment
No no.. look closer: Trade #1 didnt close when price arrives at step #3.... so I open another long.. at step #4 both longs are closed.. price goes a little bit down under grid line and comes back and then I opened #5 long that I close at step #6

Okay???

Happy Trades
Focus only on what truly matters!
  • #239
  • Aug 6, 2014 10:20am Aug 6, 2014 10:20am
Quoting Ata-Turkoglu
{quote} No no.. look closer: Trade #1 didnt close when price arrives at step #3.... so I open another long.. at step #4 both longs are closed.. price goes a little bit down under grid line and comes back and then I opened #5 long that I close at step #6 Okay??? Happy Trades

But you should not have opened the short at #2. IF trade #1 had immediately gone up to TP at 9180, then you would have taken your short.
So now every entry is skewed.

What should have happened is the first long at 9170, 2nd long at 9160. Close both at 9170 and go short. Then short again at 9180. Both close at 9170. Then long from there.

When I get a chance I'll take the fdax and run through that time frame in more detail. When was that screenshot from?
  • #240
  • Aug 6, 2014 10:28am Aug 6, 2014 10:28am
Quoting spyderman
{quote} But you should not have opened the short at #2. IF trade #1 had immediately gone up to TP at 9180, then you would have taken your short. So now every entry is skewed. What should have happened is the first long at 9170, 2nd long at 9160. Close both at 9170 and go short. Then short again at 9180. Both close at 9170. Then long from there. When I get a chance I'll take the fdax and run through that time frame in more detail. When was that screenshot from?
Yes bro.. agree.. I hesitated actually when opening the first short.. so I could open it if my first long would hit TP huh? That's good.. now I know.. the FDAX chart is the latest chart actually.. you can see the pattern if you open a 5min. chart full screen. I started on August 5 with candle 19:05 (GMT +3). But please no need to go so detailed after each step. Many thanks for your concern. Just want to know roughly what I do wrong. Tell me and I can easily follow.

Happy Trades
Focus only on what truly matters!
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