Hi guys,
Unfortunately I cant use hedging because I am using Oanda based in US. But I tried this manually with forextester on GBp/Jpy and doubled the account in 10 trading days. Ofcourse I did not account for news, high spread(this is only between 4.30 pm to 6.30 pm NY time.
This is not a pure hedging system. But purely hedging can be applied to this system(meaning for every 1 buy you could sell 2 or vice versa)
Only indicators. 5 ema applied to high and 5 ema applied to low that's it.
I use 15 min time frame.
Sell 1 position after up candle closes above 5 ema high. Sell 2 position when up candle closes above 5 ema high and above the previous up candle, keep adding to position as the price goes up like this(as long as the next candle closes up and above the previous up candle and bove the 5 ema high)
When there is a down candle that closes below the 5 ema low buy 1 position(repeat just like long positions) [check to see if any of the previous sells are in profit and if they are close them.
Repeat above for both long and short until total open balance is in profit even if by 1 pip.
On the chart below I tried to show u how its done.
The sells are 1000x -3(pips), 2000x +3, 3000x 10, 4000x 20 =116 pips not counting spread
The buy is 1000x 19 =19 pips
Purely hedging would be to for example as the price goes up like the above conditions sell 2 buy 1 and vice versa.
When the price reverses close all profits and start from buy 2 sell 1. and continue till the balance is in profit.
Unfortunately I cant use hedging because I am using Oanda based in US. But I tried this manually with forextester on GBp/Jpy and doubled the account in 10 trading days. Ofcourse I did not account for news, high spread(this is only between 4.30 pm to 6.30 pm NY time.
This is not a pure hedging system. But purely hedging can be applied to this system(meaning for every 1 buy you could sell 2 or vice versa)
Only indicators. 5 ema applied to high and 5 ema applied to low that's it.
I use 15 min time frame.
Sell 1 position after up candle closes above 5 ema high. Sell 2 position when up candle closes above 5 ema high and above the previous up candle, keep adding to position as the price goes up like this(as long as the next candle closes up and above the previous up candle and bove the 5 ema high)
When there is a down candle that closes below the 5 ema low buy 1 position(repeat just like long positions) [check to see if any of the previous sells are in profit and if they are close them.
Repeat above for both long and short until total open balance is in profit even if by 1 pip.
On the chart below I tried to show u how its done.
The sells are 1000x -3(pips), 2000x +3, 3000x 10, 4000x 20 =116 pips not counting spread
The buy is 1000x 19 =19 pips
Purely hedging would be to for example as the price goes up like the above conditions sell 2 buy 1 and vice versa.
When the price reverses close all profits and start from buy 2 sell 1. and continue till the balance is in profit.
Attached Image (click to enlarge)
