Hedge Profit Taking

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fab4x
82
fab4x  

Been testing this manually and would like to code it to close auto.

Here is system

Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67

2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67

NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.

BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,

THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.

IN THEORY SHOULD BE SAFE.

LETS TEST IT

myaron
35
myaron  

please clarify

why do you think that EURUSD BUY 1 and EURUSD SELL 1 should be in profit at all (or EURUSD SELL 1 and EURUSD BUY 1) ???

lcfxtrader
386
lcfxtrader  

wolfe
1037
wolfe  
fab4x:
Been testing this manually and would like to code it to close auto.

Here is system

Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67

2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67

NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.

BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,

THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.

IN THEORY SHOULD BE SAFE.

LETS TEST IT

On EURUSD is that 1 lot, or 0.1lots, or 0.01lots?

Why the 0.67???

azmel
441
azmel  

I have a few questions: What is your take profit criteria for one group to close in profit?

The second question is: what is your stop loss criteria? Assuming that one pair goes against the market - the EURUSD pair is a hedge so they are fine, but the GBPUSD is standalone. If the market goes in an opposite direction for one group, then the GBPUSD is making losses considerably.

While one group is making losses, the other group is taking profit. But every time that profitable group closes and reopens, you will loose out on the spread. Thus the profit from the winning group will not be able to catch up or counter the loosing group.

azmel
441
azmel  

Yes, by opening an identical hedge and closing them at the same time, you will loose on the spread.

Dreamliner
431
Dreamliner  

You state you have been testing this manually; can you please share with us the results of your testing? How long have you been testing, and how much has your account grown by, and what has been your drawdown?

Thank you.

fab4x:
Been testing this manually and would like to code it to close auto.

Here is system

Place orders as follows

1ST SET OF 3

EURUSD BUY 1

EURUSD SELL 1

GBPUSD SELL 0.67

2ND SET OF 3

EURUSD SELL 1

EURUSD BUY 1

GBPUSD BUY 0.67

NOW CLOSE WHICH EVER FIRST SET OF 3 PAIRS ARE IN TOTAL PROFIT OF YOUR CHOICE. LEAVE THE OTHER 3 OPEN. THEN REENTER AGAIN AND REPEAT.

BY DOING THIS YOU POCKET MONEY IN YOUR BALANCE AND KEEP A LOW FLOATING TEMP ORDERS OPEN TILL PROFIT OCCURS WHICH IT WILL,

THATS WHY AN EA IS NEEDED TO MONITOR IT 24HRS.

IN THEORY SHOULD BE SAFE.

LETS TEST IT
Dreamliner
431
Dreamliner  

Where did the author of this thread go? Why post one time and then vanish for days?

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