@rrram2, I know that Turnkey will allow traders to hedge. Will you ever have shorts and longs on at the same time to take advantage of all market moves?
KC
@rrram2, I know that Turnkey will allow traders to hedge. Will you ever have shorts and longs on at the same time to take advantage of all market moves?
KC
You can hedge in the U.S.A. also but you have to do it with two different accounts, one for longs and one for shorts. The fifo rule sucks too but there’s ways around that.
no need to get greedy, I take advantage of all market moves anyways with all buy side or all sell side in a pair, thing is its obvious the long term direction, so no sense hedging and giving pips back, and playing both sides of long or both sides of short is fine, but playing both sides of long and both sides of short, is way too much greed for me. I mean how much more do I need to take out (profit) per month? its nmot about the profits as much as it is the risk (leverage) management, the profits will come, focus onthe risk (DD).
you can also hedge in the USA in ONE account if you get it (the account) at the right place.
DD so low it hardly even shows on the chart, I got down to one order again, and I have started to accumulate orders again
tomorrow : nothing changes AUDCHF LONG NZDCHF LONG
AUDJPY LONG : GBPAUD short still
oof, that chart is such an eyesore
you know the answer very well, real good mate.
yes it is, and the cats are eating french fries go figure…
yeppers all manual, not even an entry script. guess what? I get forex like no one in the world.
@rrram2 [quote=“rrram2, post:38, topic:171207”]
if you only play sell side or buy side, then you play both sides of the market on the sell side (or buy side) so you are sell limiting higher above price as it moves up and sell stopping higher as price moves up
[/quote]
I’m claiming confusion. I know that I can be a bone head at times and miss the obvious.
To confirm: If I am playing the sell side I will
sell limiting higher above price as price moves up
AND
Sell stopping higher as price moves up ( am I sell stopping higher but below price?)
While I am not looking or asking to be “spoon-fed” is the above statememnt correct?
If so, I am having a hard time wrapping my head around that and I will continue my research so I understand it.
Thanks in advance for clarifying,
KC
yes! as price moves up if your long term bias is short, then as price moves up, you add sell stops higher, and leave the other sell stops in place, then as it moves up more you add more sell stops higher just under price, but ideally I think you need to have a wide space between sell stops at least 10 pips and as much as 50 to 100 pips, it all depends on how agressively you are selling with higher and higher limits. since you are selling from both the top and bottom then of course you will have twice as many orders as you would have if you were only doing the sell stops higher and higher as price moves up, and so for a nonoverlapping leapfrog, you would have TPT’s that close before the next order fills/enters. this limits your risk, so in any event you would only have one order on. You can also use a overlapping leapfrog, where you would have as many as two orders at once open.
wow… your system really like a rock stars. thank you rrram2. i used 2 demo to test it and the result really good. first demo tested on several pair with 99% winrate and second demo tested only one pair with 100% winrate. all use smallest lots size 0.01 and then its was DD for a week and my demo margin 3000dollar almost burn out for holding 60 more entry. But the payback are high when the price start to going in to my favour. Now i know how to grab 1000pips a day with smallest lots size.