Hi all,
I'm not exactly behind this strategy and I'd like to share a method which is working fine but which needs an EA to perform.
First we choose a pair as EURUSD or GBPUSD at London open to enjoy volatility.
Secondly we open 0.1 lot buy-sell simultaneously with TP ...say 8 pips.
At the same time on the buy TP we input a buystop 0.2 lot (TP 8 pips) and on the sell TP a sellstop 0.2 lot(TP 8 pips).
OK..you follow
now I'm going to take example with buy condition and you 'll understand with sell condition.
If the TP buy is reached, the buystop is triggered and we delete the sellstop.
So we have won 8 pips but we have a sell 0.1 and a buy 0.2.
Now we input a new sellstop ( 0.3 lot) at the level of the current sell.
Two possibilities:
- if the long trend is going on, we close the trades at balance -equity = 0.1 % to pay commissions.
Finally we win 8 pips...it's little but you can choose big lots depending your account.
- if the price comes back to sellstop 0.3 we have 0.4 lot sell and 0.2 lot buy
we input a new buystop ( 0.4 lot) at buy level
if the price is going on down, we close the trades at balance -equity = 0.1 % to pay commissions.
etc etc ...we need always 0.2 lot difference between buy and sell until to reach breakeven.
OK...
So we win only the first pips with the first buy ( or first sell)
All the remaining strategy is to recover the loser position to breakeven.
You understand it's not really a martingale since we don't need profit ( profit is already done)
I have tested that ....it's working but it's very hard manually to input the pending orders.
So we need an EA with the following rules:
open straddle with TP and pending orders at TP level
delete the useless pending order
open a new pending order depending the above explanation
when the profit on the first trade is done, input balance-equity = 0.1 % to close the trades.
Welcome to coders.
I'm not exactly behind this strategy and I'd like to share a method which is working fine but which needs an EA to perform.
First we choose a pair as EURUSD or GBPUSD at London open to enjoy volatility.
Secondly we open 0.1 lot buy-sell simultaneously with TP ...say 8 pips.
At the same time on the buy TP we input a buystop 0.2 lot (TP 8 pips) and on the sell TP a sellstop 0.2 lot(TP 8 pips).
OK..you follow
now I'm going to take example with buy condition and you 'll understand with sell condition.If the TP buy is reached, the buystop is triggered and we delete the sellstop.
So we have won 8 pips but we have a sell 0.1 and a buy 0.2.
Now we input a new sellstop ( 0.3 lot) at the level of the current sell.
Two possibilities:
- if the long trend is going on, we close the trades at balance -equity = 0.1 % to pay commissions.
Finally we win 8 pips...it's little but you can choose big lots depending your account.
- if the price comes back to sellstop 0.3 we have 0.4 lot sell and 0.2 lot buy
we input a new buystop ( 0.4 lot) at buy level
if the price is going on down, we close the trades at balance -equity = 0.1 % to pay commissions.
etc etc ...we need always 0.2 lot difference between buy and sell until to reach breakeven.
OK...
So we win only the first pips with the first buy ( or first sell)
All the remaining strategy is to recover the loser position to breakeven.
You understand it's not really a martingale since we don't need profit ( profit is already done)
I have tested that ....it's working but it's very hard manually to input the pending orders.
So we need an EA with the following rules:
open straddle with TP and pending orders at TP level
delete the useless pending order
open a new pending order depending the above explanation
when the profit on the first trade is done, input balance-equity = 0.1 % to close the trades.
Welcome to coders.
.... The "Sure-Fire" Forex Hedging Strategy
.
