Hedge Indicator -- HELP pls!
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Hello .. I'm new to this but I've been thinking about a Hedge Indicator and would appreciate any gudience you experts might be able to shead on Hedging, or dispel my theory...
I have analysed 6 months of a EURUSD 15 min chart.
The average number of movements UP was 1.4, DOWN was 2.1, ie. in a downward movement the chart moved down for 2.1 periods (2x15mins) on average.
Also the average number of pips per 15mins was 6.5pips (13 pips per downward movement on average).
On the basis of a 2 pip spread therefore wouldn't it be possible to Hedge and come out ahead? If you place a buy and sell order obviously after 1 movement you will be down by the spread, implement a stop loss on your losing trade and ride the trend for one more period.
Am I barking up the wrong tree, or just barking mad. Go easy I'm new here
Thanks