It looks like what you can also do in the casino, at the roulette-table. Put your money on black, and when the result is red, double your stake on black. As long as you everytime double the stakes when you lose, eventually black will come out and you will win a little bit.
So you will win a lot of small amounts, and the system seems good. And you will lose a few huge amounts, at the moments you have very bad luck. At the end, when you play/trade long enough, you will lose all your money.
It looks like what you can also do in the casino, at the roulette-table. Put your money on black, and when the result is red, double your stake on black. As long as you everytime double the stakes when you lose, eventually black will come out and you will win a little bit. So you will win a lot of small amounts, and the system seems good. And you will lose a few huge amounts, at the moments you have very bad luck. At the end, when you play/trade long enough, you will lose all your money.
I considering that before, but i think it's need more than 9 times that the price just go up and down without hit any TP or SL that ranging about 90pips or 120pips. I found the price usually can go back just for 3 or 4 times,maybe less, in such as range about 90~120pips. And if we can tighten the range, maybe the price is more often hit the TP before moving around up and down as much 9 times in that range. And every time the price hit the TP or SL we got the profit.
Thanks,...any comment?
Hedge
I considering that before, but i think it's need more than 9 times that the price just go up and down without hit any TP or SL that ranging about 90pips or 120pips. I found the price usually can go back just for 3 or 4 times,maybe less, in such as range about 90~120pips. And if we can tighten the range, maybe the price is more often hit the TP before moving around up and down as much 9 times in that range. And every time the price hit the TP or SL we got the profit. Thanks,...any comment?
Hi,
Looks good hedging system, but do u have any statistical data from various data sample that said " I found the price usually can go back just for 3 or 4 times,maybe less, in such as range about 90~120pips ".
in other words...did u've backtesting or forwardtesting this system ?
thx
==============
Deja vu
I tried exactly this system about year ago with bad results. It seems quite profitable at first but then I margined out very often.
I thought I have the Holy Grail but the truth is it's not (yet). Maybe I gave up too soon and could tweak the settings a bit. Maybe some filter to trade only during volatile times...
But I think it has some potential. It was one of me first EAs. I think I deleted it. Maybe not will try to dig it out.
I tried exactly this system about year ago with bad results. It seems quite profitable at first but then I margined out very often.
I thought I have the Holy Grail but the truth is it's not (yet). Maybe I gave up too soon and could tweak the settings a bit. Maybe some filter to trade only during volatile times...
But I think it has some potential. It was one of me first EAs. I think I deleted it. Maybe not will try to dig it out.
Thank's...if you got it dont forget to share here,...and it is posible to wipe out all margin if we start with one big lot. I start this strategy with small lot. ex. 0.1 lot mini size.
Hi,
Looks good hedging system, but do u have any statistical data from various data sample that said " I found the price usually can go back just for 3 or 4 times,maybe less, in such as range about 90~120pips ".
in other words...did u've backtesting or forwardtesting this system ?
thx
==============
Forex Indicators CollectionI'm sorry i dont have any specific statistical data but i've been watching forex about 3 years, and base on my experiences it's usually the price move like that. But if you want statistical data you can just testing with historycal data using strategy tester. And that why i need someone to help me to build an EA to prove my strategy.
Lots Optimised
Hi Harryhid,
good luck with your strategy. I also tried something similar with a grid type approach and using a macd. I still believe that it has merit and needs more attention. About the only thing that stopped me was my lack of coding ability.
I did have some help on this forum and at yahoo with the lots which I think is a tricky part.
double LotsOptimised()
{
double MACD3 = iMACD(Symbol(), 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 3);
double MACD2 = iMACD(Symbol(), 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 2);
double MACD1 = iMACD(Symbol(), 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 1);
double MACD0 = iMACD(Symbol(), 0, 12, 26, 9, PRICE_CLOSE, MODE_MAIN, 0);
double lots = InitialLots;//default lots 0.1 - there will be no error if lots will not be set by the other part of the code
int total = OrdersTotal();
for(int i=0;i<total;i++)
{
OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
if( OrderSymbol() == Symbol()&& (OrderType() == OP_BUY || OP_SELL) && ((MACD0>0 && MACD1>0 && MACD2>0 && MACD3<0) || (MACD0 <0 && MACD1<0 && MACD20)))
{
switch(OrderLots())
{
case 0.1:return(0.2);
case 0.2:return(0.4);
case 0.4:return(0.8);
case 0.8:return(0.8);
default:return(InitialLots);
}
}
}
return(lots);
}
//+------------------------------------------------------------------+
Hope it helps!
I'm sorry, a little bit late to open my thread,...Lets try,...if anyone interrested to try to, please post result here...
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