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Hedging but increasing lot size idea

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edenchen1989
20
edenchen1989 2014.10.16 18:48 
Hi everyone, somebody told me this trading system and may be even there are EA available out there,

Here's the idea,
1.Long 0.01 at 1.6000 and TP around at 50pips (1.6050), if the direction goes opposite way,
2.Short 0.02 at 1.5970 and TP around at 50pips again (1.5920) (Can double the lot size or increase according to your account)
If the price stays between the two TPs, both may be negative (but the price won't stay forever in this range, rite?)
What if the price hits 1.5970 and bounce back to 1.6000
3.Long again 0.04 at 1.6000 and goes on

Can this be coded??
Thanks everyone
Pasi Hakamaki
4733
Pasi Hakamaki 2014.10.16 19:03  
edenchen1989:
Hi everyone, somebody told me this trading system and may be even there are EA available out there,

Here's the idea,
1.Long 0.01 at 1.6000 and TP around at 50pips (1.6050), if the direction goes opposite way,
2.Short 0.02 at 1.5970 and TP around at 50pips again (1.5920) (Can double the lot size or increase according to your account)
If the price stays between the two TPs, both may be negative (but the price won't stay forever in this range, rite?)
What if the price hits 1.5970 and bounce back to 1.6000
3.Long again 0.04 at 1.6000 and goes on

Can this be coded??
Thanks everyone
And what if price just skyrockets after you enter the short at 1.5970? Trust me, no matter how much you wiggle it ideas like this will not offer edge. Regardless, of course it can be coded but in MT5 you cannot have short and long position open at the same time but in MT4 you can.
edenchen1989
20
edenchen1989 2014.10.16 19:16  
Candles:
And what if price just skyrockets after you enter the short at 1.5970? Trust me, no matter how much you wiggle it ideas like this will not offer edge. Regardless, of course it can be coded but in MT5 you cannot have short and long position open at the same time but in MT4 you can.

Thanks for the reply sir, I admit i just started trading and totally rookie here,

Yes, i wanna place a long position again at 1.6000 again if the price just skyrockets here, (but i almost always time out with this in manual trading)

Pasi Hakamaki
4733
Pasi Hakamaki 2014.10.16 19:36  
edenchen1989:

Thanks for the reply sir, I admit i just started trading and totally rookie here,

Yes, i wanna place a long position again at 1.6000 again if the price just skyrockets here, (but i almost always time out with this in manual trading)

Fair enough, go ahead and add a job in MQL4 and find a developer if you want to test your idea ;)
Tan Phan Ngoc
1332
Tan Phan Ngoc 2014.10.17 06:18  
edenchen1989:
Hi everyone, somebody told me this trading system and may be even there are EA available out there,

Here's the idea,
1.Long 0.01 at 1.6000 and TP around at 50pips (1.6050), if the direction goes opposite way,
2.Short 0.02 at 1.5970 and TP around at 50pips again (1.5920) (Can double the lot size or increase according to your account)
If the price stays between the two TPs, both may be negative (but the price won't stay forever in this range, rite?)
What if the price hits 1.5970 and bounce back to 1.6000
3.Long again 0.04 at 1.6000 and goes on

Can this be coded??
Thanks everyone
If market go sideway you make sure loss.
Lorentzos Roussos
9399
Lorentzos Roussos 2014.10.17 13:35  
The best ive seen opened instant hedged orders and kept scaling in to the direction of the market.
There were no SL or TP , but when the equity became positive it began trailing it (the equity curve).

As you said , it went up to the point the market went sideways and imploded.
Francis Dogbe
9501
Francis Dogbe 2014.10.17 13:38  

i tried this style of trading once and believe me it was totally waste of time and energy... :(

it is always safe to open one position at a time with good Risk/Reward ratio

Pasi Hakamaki
4733
Pasi Hakamaki 2014.10.17 14:51  
The problem with such strategies is that they lack the fundamental logic to produce required edge. Of course it may work for some time but in the end the math is against and ruin follows.
Metrobot
24
Metrobot 2014.10.17 16:17  
edenchen1989:
Hi everyone, somebody told me this trading system and may be even there are EA available out there,

Here's the idea,
1.Long 0.01 at 1.6000 and TP around at 50pips (1.6050), if the direction goes opposite way,
2.Short 0.02 at 1.5970 and TP around at 50pips again (1.5920) (Can double the lot size or increase according to your account)
If the price stays between the two TPs, both may be negative (but the price won't stay forever in this range, rite?)
What if the price hits 1.5970 and bounce back to 1.6000
3.Long again 0.04 at 1.6000 and goes on

Can this be coded??
Thanks everyone
I'm interested in this as well.
Francis Dogbe
9501
Francis Dogbe 2014.10.17 16:21  
Metrobot:
I'm interested in this as well.
ok all the best
Lorentzos Roussos
9399
Lorentzos Roussos 2014.10.18 11:57  
Candles:
The problem with such strategies is that they lack the fundamental logic to produce required edge. Of course it may work for some time but in the end the math is against and ruin follows.
What if instead of a static grid we deploy a grid based on horizontal support and resistance ? [_]o (coffee)
12
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