Hedging during GBP Market Time

[syahays]

Sorry abang,saya tak pandai bahasa melayu, anda boleh cuba translate from google

uiks...ni tulis melayu..camne plak xreti???

 

[PipFX]

Hello, I have 1 simple system to share, it work for GBPUSD during UK market open (3pm malaysia time).

Let's say, you have 1000usd(standard account 1 lot=10usd/pip)
When 3pm, you open buy and sell at the same time with same lot 0.1 lot (our modal 1000usd=1000pip), and set 10pip stop loss, no need set take profit.
and at the same time open buy stop, sell limit above 10pips current price , and open sell stop, buy limit below 10pip current price.

Let's say at 3pm, GBPUSD price is 1.6510

Buy 0.1 lot at 1.6513 SL 1.6503
Sell 0.1 lot at 1.6510 SL 1.6520

Set pending order:

BuyStop 0.1 lot 1.6523 SL 1.6513
SellLimit 0.1 lot 1.6523 SL 1.6533

SellStop 0.1 lot 1.6500 SL 1.6510
BuyLimit 0.1 lot 1.6500 SL 1.6490

when the price reaches 1.6500,

Buy 0.1 lot hit SL at 1.6503
pending orders hit
-SellStop 0.1 lot 1.6500 SL 1.6510
-BuyLimit 0.1 lot 1.6500 SL 1.6490,

at this situations, set new pending order again,

BuyStop 0.1 lot 1.6513 SL 1.6503
SellLimit 0.1 lot 1.6513 SL 1.6523

SellStop 0.1 lot 1.6490 SL 1.6500
BuyLimit 0.1 lot 1.6490 SL 1.6480

As long as pending order hit then set new pending orders. When to TP? For me Equity increase 1% then close all, mean overall earn 10pip (our modal is 1000usd=1000pip), every trading day almost sure hit TP, if not we can let the EA run.

Now I hope any expert programmer here to build an EA. This is 100% earn strategy

same as my strategy..but still test in demo acc from beginning of this week..the different only the gap..my gap is 50 pips..10 pips is too close..always need to monitor..

my lot also have little bit different from u..start from layer 3,i will multiply the lot by 2..so i just need 50 pips reserve direction to close the position..my target is 1% daily.

 

[PipFX]

uiks...ni tulis melayu..camne plak xreti???

gune google translate la tu bro..

 

[klhh]

the same technique was proposed by tokeikang and bro aiman already build ea for that.
u can have a look at http://carigold.com/portal/forums/showthread.php?t=257958

the result is not encouraging!

I have read this thread, but it is totally different with my system. His system no stop loss and his lot size is martingle, but my lot size is same

 

[PipFX]

i'll post ss tonight..because i am now at work..for 4 days my equity increase 100%(demo account 2)..but on tuesday, almost margin call & stop out..margin available reach 100%..)))

p/s:hope i'm not forgot to post the ss tonight..

 

[Jeb]

melayu bulih ko, x pehe kawe

bukan melayu kot.

 

[sawamura]

hi klhh

based on your strategy above, in the case the price moves 150pips in one candle (without any retracement), what will happen

 

[klhh]

same as my strategy..but still test in demo acc from beginning of this week..the different only the gap..my gap is 50 pips..10 pips is too close..always need to monitor..

my lot also have little bit different from u..start from layer 3,i will multiply the lot by 2..so i just need 50 pips reserve direction to close the position..my target is 1% daily.

That's why I need an EA to monitor. it is dangerous to multiply lot cos if market sideway or speaker pattern, your open position will be floating -ve a lot

 

[sawamura]

why only in GBP amrket time :-?

 

[klhh]

i'll post ss tonight..because i am now at work..for 4 days my equity increase 100%(demo account 2)..but on tuesday, almost margin call & stop out..margin available reach 100%..)))

p/s:hope i'm not forgot to post the ss tonight..

That's why U have to monitor your money management. I only risk 1% for every stop loss. Your money management will very soon to double your equity, but also very easier to MC. Since this method sure can let u earn 1% why so greedy and rush right??