True, but the commission is also charged when you turn your position instead of hedging it. It was claimed that hedging is more expensive and doubles the costs, this is simply not true.
I dont use hedging at all, just wanted to clarify this issue.
Hi, I am currently looking into Chris' hedging EA. There is a formula to calculate the "expected loss in case system is unable to open new positions" (see below). For R10 it results in -102,881. For e.g. when entry level for EUR/USD is 1.1300 the Recovery Line is 1.1350 (50 Pips). Does anybody know, how to calculate the expected loss in EUR?
For a SELL position, when all 10 hedging positions are open and the current price is 1.1350 (Recovery Line), I know that all BUY orders should be Zero (0). Summing up the lot sizes for all SELL orders results in 0.77. The difference in price (recovery-entry) = 0.0050. Having these information I can calculate the expected loss: 0.0050 * 0.77 * 100.000 / 1.1350 = 339.21 EUR.
However, I struggle to calculate the loss in EUR using -102.881 LotPips.
Is there any version of this EA that can open trades itself? Or is it just to hedge already opened trades?
I like this hedging idea, but Chris never explained how his improved version works.
He mentioned "trigonometry". If someone here "gets it" please share. If Chris wants to come back and comment that would be cool as well. :)
Hedging system is very dangerous
How do I get the system?
Hey Chris will you take a look at my system, its fully automated, ( ill get you the demo version its the same thing) and give me some feed back? ill get you a link if you message me privately.