Disliked{quote} AU Closed early. I wanted to go ahead and close out for the weekend and collect whatever profits I had on this trade. As you can see it went further but didn't quite hit my original TP. {image} {quote} UJ Trade Closed. Also closed this one early. Maybe next time I set a stoploss to lock in profits instead and see how far it runs ^.^ {image} Have a great weekend folks. P.S. I've started my trades again, but now with reduce lot size and increasing to 6 pairs for a complete hedge! I'll update you guys later, it's a lotta charts to...Ignored
- Lots Size: 0.01 lot per ep for every 3000 account size
- Pairs: NU, UC, AU, UJ
- Max DD: 15%
- Max Margin Used: 60%
- P/L: +40%
- Duration: 53 days
- Eps spacing: 10 pips
- Stop Loss: none
- Take Profit: 10 pips average or 0.618 fib retrace for >10 trades
- Strat: Buy above H4 dragon, Sell Below
There was one occurrence where recent NU trended for quite some time before retracing to 0.5 fib. The lot size is still a little big for this case as I had to stop all pairs and manually babysit this one with remaining firepower. The hedges don't always go in sync if I trade purely the dragon. So I've made a few adjustments and started anew last friday May 15th, 2015. Here are the changes:
- Lot Size: 0.01 per ep for every 8000 account size
- Pairs:
- sell NU
- sell UC
- sell GU
- buy AU
- buy NC
- buy GA
- This creates a complete hedge to spread our risk:
- N: 1 sell 1 buy
- U: 2 sell 2 buy
- C: 1 sell 1 buy
- G: 1 sell 1 buy
- A: 1 sell 1 buy
- The bias direction is set manually and trades are only open when price breaks the H4 dragon.
- For instance, I will only trigger NU sell orders when price breaks above h4 dragon.
- The hedge will allow us to profit during a drawdown of any pair. The bigger the account gets, the more I realize diversification is key. We don't want to tie our money up and wait during drawdown. We want to have some to keep making money on the other side when we are wrong. That's the idea from this strategy.
- Stop Loss: None
- Take Profit: 10 pips average or 0.618 fib retrace for >10 trades
- Eps spacing: 10 pips
Here is my progress so far (since last Friday):
So now we just sit back, relax, and enjoy the show. Sometimes I will make manual trades outside of these rules if I see something really nice on other pairs than these, which will normally be 2% risk stop loss type trades.
All P/L stats now reset. Let's see how this goes!
Green pips to all!
insanity: Doing the same thing over... and expecting different results -AE