stick to the strategy please and size up your entry from the beginning
and last have a good timing as to when to take your profit and reopen 2 opposite trades
we all agree that market is 70% of the time in a range
The strategy is flawed. Try it. I mean actually try it before telling everyone they’ll get easy cash. Then get back to me.
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I guess you have the perfect strategy
there is no perfect strategy but there is the most idiot strategy as far as i am concerned which is set up a stop loss and let it be hunted by the broker like a deer
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as I said timing is everything
we all know that 70% of the time market is in a range
when is the best time to close the winning trade and open 2 opposites trades and hope price will return to the starting point ?
this is key
maybe a poll of Traders sentiments should be taken by a trading club before closing the trade
in this strategy a trader should worry about when to take his/her profit and not when his/her stop loss is gonna be taken
this strategy has been around for a long time
and been tested by a lot of trades
70% percent of the time market is in a range
do not forget this
@zrrsys, Don’t waste your time posting about Hedging here… It just causes too many shite fights…
Trial it on a Demo and get back to us with some detailed results…
Test inversing the Grid and see what happens… Lower the risk… Widen the Grid 20, 50, 100 pips. Today’s Margin Requirements put this concept into the danger-zone…
Go figure?
Enough Said…
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I know, I have tried it and there is nothing magical about it. Try it 10 times, I guarantee you will end up in a loss.
Markets may well be in ranges most of the time but the price of being caught in this strategy by a breakout into a strong trend with multiple losing positions open is too high.
I’m not pleased to have to say that.
Eventually we will read on babypips about a sustainable hedging strategy. One day.
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here is somebody who understood what I am talking about
all the others I suspect they are working for brokerage industry trying to scare retail traders from any strategy that has a good chance of making them (the broker) lose money
you will have a winning trade and a losing one with the same size meaning
if you are not sure let price go to where it started from
It’s sad but everything will have already been done tried and tested
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@Trendswithbenefits what are you trying to say here? Should I have just kept my mouth shut and let everyone believe this is a “magical” strategy?
I know there are many effective hedging strategies, I have used them with positive results. But this particular strategy is not one of them.
Too many people in here running around telling everyone what they should and shouldn’t be doing!! I throw up some ideas from time to time and say give it a go on a Demo…
We aren’t the thought Police here… He has posted an idea, let him trial it for himself, he may try something you or @Tommor hasn’t thought of… Who knows?
I don’t post anywhere here telling members something doesn’t work… And I read a shite load of garbage that I know is a waste of time… I don’t open a post and rant about it… I just read through…
The only way most people learn is trial and error… As long as all the error is done on a Demo account then no harm done… These markets are diverse, there is 1000’s of ways to trade them, win or lose…
Just because you or I didn’t make it work… Doesn’t mean everyone will fail…
Similar reason I have left Orion’s thread… He already has 3 people advising him on what to do with his strategy… Will it be successful? Who knows? I saw a fault in the methodology instantly… I’m not going to add to the confusion…
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my grid is not static (market is not static)
i wait for the best time that i think it is good to take the profit and reopen 2opposites trades
I demonstrated this concept about 4 years ago… Even had a spat with Forex-com (Member) over the merits of the strategy and traded a Grid for a few days successfully, just to prove my point.
I’d post it… If I could find it!.. 2018-2019? (See Below)
As has been pointed out… You can be left with a lot of open trades… While I do understand your Close All concept to limit the risk or garnish a profit… This was relatively safe to do when margin was 1:400 as 0.05 lot margin was about $22 a position, now with the 1:30 requirement the same lot size is about $455!!
There are many threads on BP, even browse through Forex Factory about Hedging (Grid trading). Maybe have a read through as many as you can find and take as many ideas as you can to improve your concept.
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If there’s a holy grail, it will be a hedging strategy.
Been dependable and thinking a strategy fool proof,when things start to go.wrong that when the neurosis might start to kick in
right
in our case this is a demo account play money
but i do want to find out if this strategy can make some profit or no
let s find out