Hedging during GBP Market Time

[buja]

If market on range-bound or sideways, it will bring a bad impact to this strategy. U cant assume that UK open, market always active. 1 range-bound can damage ur acc.

This strategy good for trending. what say u TS.

 

[azam575]

Ea nie dah banyak ada di pasaran google ... huhuhuhu

time rangging mmg nangis ler ....

 

[klhh]

If market on range-bound or sideways, it will bring a bad impact to this strategy. U cant assume that UK open, market always active. 1 range-bound can damage ur acc.

This strategy good for trending. what say u TS.

Sideway only take me 10pips per order, i can stand it cos I have 1000pips.mean I can stand 100 orders. If spike 200pips, I can get 2100pips or spike 100pips i can get 550pips no matter what direction, for gbpusd, 100pips is not hard. By the way, my target only 20pips mean 2% of my capital. The only problem is I need an EA to monitor if I still not hit my target yet.

 

[klhh]

Ea nie dah banyak ada di pasaran google ... huhuhuhu

time rangging mmg nangis ler ....

I have searched, but they are different with my system. I think some of you still not really understand my system.

 

[mczoni]

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

huhu...credit for mr. klhh coz you found your own method to catch the pip in the currency markets in profit, it's look awesome and i agree with you...your strategy will fine even in the sideway market as long as the gap less than 20 points and of course efective during on london and us open. Some forumer will say in negative way to avoid you and your strategy but totally they are really not undstand with your mind. Dosn't matter, i will follow you and your strategy make me remember to mr.FXTradepro who performed the Semi-Martingale Strategy but your method is not martingale...congratulation!!...

anyone else also can refer to http://www.forexfactory.com/showthread.php?t=43221

 

[klhh]

huhu...credit for mr. klhh coz you found your own method to catch the pip in the currency markets in profit, it's look awesome and i agree with you...your strategy will find even in the sideway market as long as the gap less than 20 points and of course efective during on london and us open. Some forumer will say in negative way to avoid you and your strategy but totally they are really not undstand with your mind. Dosn't matter, i will follow you and your strategy make me remember to mr.FXTradepro who performed a Semi-Martingale but your method is not martingale...congratulation!!...

anyone else also can refer to http://www.forexfactory.com/showthread.php?t=43221

Thanks for your support

 

[buja]

Sideway only take me 10pips per order, i can stand it cos I have 1000pips.mean I can stand 100 orders. If spike 200pips, I can get 2100pips or spike 100pips i can get 550pips no matter what direction, for gbpusd, 100pips is not hard. By the way, my target only 20pips mean 2% of my capital. The only problem is I need an EA to monitor if I still not hit my target yet.

Can you develop a sheet (just like fxtradepro did) that will calculate how many loss/profit per round.
For example, when ur trade drag u to round B10S10, how much is total loss/profit and how many pips will make u profit 2% in the next round.

 

[klhh]

today down around 30%, I give up first until get an EA, cos I don have much time to monitor,I strongly believe that I will get 2% by tonight or tomorrow, but I have no time, cos I have been monitoring since 3pm until now.. really tired... i need an EA to help me monitor..

 

[klhh]

today down around 30%, I give up first until get an EA, cos I don have much time to monitor,I strongly believe that I will get 2% by tonight or tomorrow, but I have no time, cos I have been monitoring since 3pm until now.. really tired... i need an EA to help me monitor..

OMG, If I continued monitoring the chat I have hit my target just now!!!!.. I need an EA. Any coder here pls? During monitoring chart just now, I have modified my strategy again, it is more efficient, save spread, and lesser orders. I will explain with SS later.

 

[buja]

today down around 30%, I give up first until get an EA, cos I don have much time to monitor,I strongly believe that I will get 2% by tonight or tomorrow, but I have no time, cos I have been monitoring since 3pm until now.. really tired... i need an EA to help me monitor..

15 trading days to cover that loss, about 3 weeks if u aim 2% daily. By the way, do u have spreasheet that i mentioned above?