UP DOWN no PROBLEM
Close and open too many times will make you pay money for the broker.
Instead of closing buy1 and open buy2 you can just make sl to break even.
beside, you are not the first one to think of this, and let me tell you: when it comes to real money you will close in great loss.
Its like a pyramid, if you not entering more money the whole structure will collapse
yes i agree with u....
best to use pairs with tight spreads and extremely low risk due to carrying multiple negative positions.
try entering with one lot initially with no hedge with a tight tp or trail stop. Once your trail stop kicks in then start another position. LET EM RUN. If you lose (50) then go ahead and run your hedge grid. You are giving up your first level of TP if you lose but if it returns you are back at 0. If it gos to the third level you can possibly start seeing some return.
just my 1 cent for what its worth
thx friend....
have you tried it manually
by setting lot of limit order (future entry at certain price level)
do you get a positive result
--- many of our methodology will work, but broker take 5 to 20 more pips, when they have the chance -- so it may not work in practice --- not to mention, the recent volatility, I don't think your method will work -- consider pip cost more thatn pip spread shown
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Dear All,
maybe this idea already test in another thread but i cluldn't find it
the idea is so simple, but to make this to an EA is not my skill
I will try to explain my ide
at this case we decide to set 50 pips of each grid, using 1 lot, and EURCHF at 1.5100
open BUY 1 and SELL 1
=====>if price goes to 1.5150 then close Buy 1 and open Buy 2
and also we open for SELL 2
if the price move to 1.5100 again, then we close all open trade
what we got?
BUY 2 is lost -100 SELL 2 is profit 100
we still booked BUY 1 with profit 50
=====>if price goes to 1.51200 then close Buy 2 and open Buy 4
and also we open for SELL 4
if the price move to 1.5150 again, then we close all open trade
what we got?
BUY 4 is lost -200 SELL 4 is profit 200Sell 1 is lost -50
we still booked BUY 1 with profit 50 ; Buy 2 with profit 100
The Profit : 100
i hope this little information is enough, we can use it at eurchf since this pair is ranging all the time
please advise to make this idea better...