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MGH System (Martingale Grid & Hedging)

  • #321
  • Aug 7, 2014 11:57am Aug 7, 2014 11:57am
Quoting Kfx
This is the "Hedge x32 inside grid" .... 5.000+ pips DD. Maybe it would be a good idea to start with the next level 10 pips away fom inside grid get TP, and not wait for a side level to get TP. {image}

You mean at 1.3190...

But then if price takes off north again, you got those x2's open. And then it reverses again and you have x2's, x16's, x32s & x64s
  • #322
  • Aug 7, 2014 11:57am Aug 7, 2014 11:57am
Quoting GoldenEA
{quote} doesn't matter. just put it in the include folder.

ok thanks
  • #323
  • Aug 7, 2014 11:59am Aug 7, 2014 11:59am
Quoting spyderman
{quote} You mean at 1.3190... But then if price takes off north again, you got those x2's open. And then it reverses again and you have x2's, x16's, x32s & x64s
Of course at that point you're pretty range bound so even though you have some large lot multiplier's you don't have much pip distance. And the x2's & 32's will play off the x16s and x64s
  • #324
  • Aug 7, 2014 12:01pm Aug 7, 2014 12:01pm
Quoting spyderman
{quote} You mean at 1.3190... But then if price takes off north again, you got those x2's open. And then it reverses again and you have x2's, x16's, x32s & x64s
Hahahahh.. lmfao
Focus only on what truly matters!
  • #325
  • Aug 7, 2014 12:18pm Aug 7, 2014 12:18pm
Quoting spyderman
{quote} You mean at 1.3190... But then if price takes off north again, you got those x2's open. And then it reverses again and you have x2's, x16's, x32s & x64s

If my figures are right (and I did them fast so probably not), if you did start the x32's at 1.3190 and it reversed to just shy of your x16's TP you'd be down about 3510 pips at that point.

If price didn't reverse and kept going as it did, you'd be out of the trade at about the 1.3060 level instead of the 1.3020 level
  • #326
  • Aug 7, 2014 12:19pm Aug 7, 2014 12:19pm
Quoting Kfx
This is the "Hedge x32 inside grid" .... 5.000+ pips DD. Maybe it would be a good idea to start with the next level 10 pips away fom inside grid get TP, and not wait for a side level to get TP. {image}
I am lost
Attached Image (click to enlarge)
Click to Enlarge Name: Question3.jpg Size: 473 KB
Focus only on what truly matters!
  • #327
  • Aug 7, 2014 12:20pm Aug 7, 2014 12:20pm
Quoting spyderman
{quote} You mean at 1.3190... But then if price takes off north again, you got those x2's open. And then it reverses again and you have x2's, x16's, x32s & x64s
Yes 1.3190

Where to stop ... x16, x32, 64?, that is the question
  • #328
  • Aug 7, 2014 12:22pm Aug 7, 2014 12:22pm
Quoting Ata-Turkoglu
{quote} I am lost {image}

Lol...

Your second x1's are x2's...your first x2's are x4's. The one with your arrow are x8's. The x16's are above there where the dashed lines head down and to the right. Then your x8's are actually the x32's.

It does get confusing.
  • #329
  • Aug 7, 2014 12:24pm Aug 7, 2014 12:24pm
Quoting Ata-Turkoglu
{quote} I am lost {image}
Your x2 longs are x4 ... and the sells you point with the arrow are x8
  • #330
  • Aug 7, 2014 12:27pm Aug 7, 2014 12:27pm
Quoting spyderman
{quote} Lol... Your second x1's are x2's...your first x2's are x4's. The one with your arrow are x8's. The x16's are above there where the dashed lines head down and to the right. Then your x8's are actually the x32's. It does get confusing.
Yes Ata, better read spyderman replies ... are more understandables than mines.
  • #331
  • Aug 7, 2014 12:33pm Aug 7, 2014 12:33pm
Hello Master Kfx!

You are the real Mentor, Helper,
Leader & above all A NICE PERSON.

We all should HATS OFF for you
For your great work, your time &
Effort.

And the best thing is that you are
Sharing your work with NO COST.


I appreciate some others too like
Ata-Turkoglu, Spyder-Man, Golden EA
Xlcharly., I cannot write all names here.

Can someone SUMMERIZE the whole
Thread in one IMAGE/CHART.

This would be very helpful for me
The other new comers too.

Take care guys.

LoveandPeace
  • #332
  • Aug 7, 2014 12:34pm Aug 7, 2014 12:34pm
Kfx

i think the problem is the 10 pip grid. It's just too susceptible to news spikes, etc. don't think a larger grid would be as bad. Could be wrong though
  • #333
  • Aug 7, 2014 12:38pm Aug 7, 2014 12:38pm
I make use of both of your explanations.. many thanks Kfx and Spyderman.. I fully understood ..

Happy Trades

P.S: To all newcomers and members who are sending their regards.. thanks to all of you for thanking Kfx, spyderman, etc. etc. you all are welcome
Focus only on what truly matters!
  • #334
  • Aug 7, 2014 12:46pm Aug 7, 2014 12:46pm
Kfx and spyderman, one question.
I understood, at the beginning, that we must wait for a step before open an hedging-martingala grid.
In your pic, I see transition from a xN grid to a x2N grid directly without jump over a level (ex. first sell at 1.3190 instead of 1.3180).
I'm sure it's a my problem and I don't understand.....
Can you help me?
  • #335
  • Aug 7, 2014 1:30pm Aug 7, 2014 1:30pm
Quoting xlcharly
Kfx and spyderman, one question. I understood, at the beginning, that we must wait for a step before open an hedging-martingala grid. In your pic, I see transition from a xN grid to a x2N grid directly without jump over a level (ex. first sell at 1.3190 instead of 1.3180). I'm sure it's a my problem and I don't understand..... Can you help me?

It looks that way at first glance, but if you look closer. You would have taken the first x2 sell at 1.3180. That hit take profit at 1.3170 where another sell was placed. Then price moved up and you took another sell at 1.3180 and then again at 1.3190. Hope that helps.
  • #336
  • Aug 7, 2014 1:33pm Aug 7, 2014 1:33pm
It's tricky looking at a full chart and following the trades. You eye always goes too far to the right to where the trades end up.
Try and concentrate on each candle as it would have happened in real time.
  • #337
  • Aug 7, 2014 2:00pm Aug 7, 2014 2:00pm
Quoting loveandpeace
Hello Master Kfx! You are the real Mentor, Helper, Leader & above all A NICE PERSON. We all should HATS OFF for you For your great work, your time & Effort. And the best thing is that you are Sharing your work with NO COST. I appreciate some others too like Ata-Turkoglu, Spyder-Man, Golden EA Xlcharly., I cannot write all names here. Can someone SUMMERIZE the whole Thread in one IMAGE/CHART. This would be very helpful for me The other new comers too. Take care guys. LoveandPeace
Welcome to the thread. It's going to be very hard to put it all on 1 chart. Just too much going on. ATA's working on a nice flow chart that's very descriptive, so that will be a great help when he's done.
  • #338
  • Aug 7, 2014 3:27pm Aug 7, 2014 3:27pm
Quoting spyderman
{quote} It looks that way at first glance, but if you look closer. You would have taken the first x2 sell at 1.3180. That hit take profit at 1.3170 where another sell was placed. Then price moved up and you took another sell at 1.3180 and then again at 1.3190. Hope that helps.
what a foolish I'm....you're right!
Thanks spyder......
  • #339
  • Aug 7, 2014 9:24pm Aug 7, 2014 9:24pm
Quoting Ata-Turkoglu
I make use of both of your explanations.. many thanks Kfx and Spyderman.. I fully understood .. Happy Trades P.S: To all newcomers and members who are sending their regards.. thanks to all of you for thanking Kfx, spyderman, etc. etc. you all are welcome
The distinguished Ata:
I like your design charts, you can let me easily understand MGH rules.
Thank you.
I hope you can continue to improve this chart
Thanks again。。。
  • #340
  • Aug 8, 2014 12:49am Aug 8, 2014 12:49am
cant seem to get the EA working.

any ideas?

what version of Mt4?
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