Hedging during GBP Market Time

[F0r3xg@l]

Gridsys EA

Stage 1: Open Buy/Sell Pending Orders 10 pips apart with SL 10pips [0.2 lots]

Stage 2: Buy PO triggered, Open Buy PO 20pips apart[0.1 lots]...Delete Sell PO.

Stage 3: Buy order hit 10 pips SL. Clear all, reopen Buy/Sell Pending Orders 10 pips apart with SL 10pips[0.2 lots]

Stage 4: Buy PO triggered, Open Buy PO 20pips apart[0.1 lots]...Delete Sell PO.

Stage 5: PO #6 triggered, Open Buy PO #7 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #6

Stage 6: PO #7 triggered, Open Buy PO #8 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #7

Stage 7: PO #8 triggered, Open Buy PO #9 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #8

Stage 8: SL hit, Buy Order #5 & #8 closed.

Stage 9: PO #9 triggered, Open Buy PO #10 20pips apart[0.1 lots].

Stage 10: PO #9 hit SL.

Stage 11: PO #10 triggered, Open Buy PO #11 20pips apart[0.1 lots].

Stage 12: PO #11 triggered, Open Buy PO #12 20pips apart[0.1 lots].

Stage 13: Hit target profit, Close All. Restart, Open Buy/Sell Pending Orders 10 pips apart with SL 10pips [0.2 lots]

Results based on above screen shots...

Results based on above screen shots, continue..


Is that what u r looking for?

Rgds,
Ashlynne

 

[bijak_sinner]

this is nice ashlyne!

what do u think bro klhh?

does it operate just like you wish for?

 

[klhh]

Stage 1: Open Buy/Sell Pending Orders 10 pips apart with SL 10pips [0.2 lots]

Stage 2: Buy PO triggered, Open Buy PO 20pips apart[0.1 lots]...Delete Sell PO.

Stage 3: Buy order hit 10 pips SL. Clear all, reopen Buy/Sell Pending Orders 10 pips apart with SL 10pips[0.2 lots]

Stage 4: Buy PO triggered, Open Buy PO 20pips apart[0.1 lots]...Delete Sell PO.

Stage 5: PO #6 triggered, Open Buy PO #7 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #6

Stage 6: PO #7 triggered, Open Buy PO #8 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #7

Stage 7: PO #8 triggered, Open Buy PO #9 20pips apart[0.1 lots]. Modify Buy Order #5 SL to 20pips below Buy Order #8

Stage 8: SL hit, Buy Order #5 & #8 closed.

Stage 9: PO #9 triggered, Open Buy PO #10 20pips apart[0.1 lots].

Stage 10: PO #9 hit SL.

Stage 11: PO #10 triggered, Open Buy PO #11 20pips apart[0.1 lots].

Stage 12: PO #11 triggered, Open Buy PO #12 20pips apart[0.1 lots].

Stage 13: Hit target profit, Close All. Restart, Open Buy/Sell Pending Orders 10 pips apart with SL 10pips [0.2 lots]

Results based on above screen shots...

Results based on above screen shots, continue..


Is that what u r looking for?

Rgds,
Ashlynne

Thank you very much for your effort. It is wrong, could you please refer post 45 and 46 of this thread?

 

[klhh]

this is nice ashlyne!

what do u think bro klhh?

does it operate just like you wish for?

Unfortunately it is not correct, bro bijak_sinner could you please update first page of your thread to "please refer post 45 and 46 of this thread"? thanks

 

[F0r3xg@l]

Thank you very much for your effort. It is wrong, could you please refer post 45 and 46 of this thread?

Hi,

It's based on post 45 & 46 of this thread. The only difference is I delibrately open only one pending order instead of the two pending orders u illustrated. It makes no diffrence in actual open trades, whether its one or two stand-by pending orders or even ten stand-by pending orders. The EA will always be ready with a pending order unlike manual trades where u could miss an open entry.

Regards
Ashlynne

 

[Hsedaka]

Hi,

It's based on post 45 & 46 of this thread. The only difference is I delibrately open only one pending order instead of the two pending orders u illustrated. It makes no diffrence in actual open trades, whether its one or two stand-by pending orders or even ten stand-by pending orders. The EA will always be ready with a pending order unlike manual trades where u could miss an open entry.

Regards
Ashlynne

Yes, u r right with TT ideas. No different with your 2 pending order buy/sell since it will only trigger ONE either buy or sell in condition; when profit is hit or sl is hit at current/start price, close all order including PO.

 

[klhh]

Hi,

It's based on post 45 & 46 of this thread. The only difference is I delibrately open only one pending order instead of the two pending orders u illustrated. It makes no diffrence in actual open trades, whether its one or two stand-by pending orders or even ten stand-by pending orders. The EA will always be ready with a pending order unlike manual trades where u could miss an open entry.

Regards
Ashlynne

For stage 2 (and stage4), you don have to delete PO sell stop, so in stage 3, u only need to reopen PO buy stop 10 pips apart with SL 10pips [0.2 lots]

For stage3, you don have to clear Buy PO 20pips apart[0.1 lots] (opened in stage 2)

For stage 5, Buy Order #5 should be (0.2 lot), 0.2 lot always 10pips stop loss once raise to next 10pips, and 0.1 lot always fixed 20pips SL no need modified. In stage5 Buy Order #5 should be modified the SL to 10pips of current price mean same as open price.

I hope you could re-read post 45 and 46, all info are there.
So after you have modified the EA, please test it with screen shot. These few days I may reply late because I will back hometown later. Thank you very much

 

[F0r3xg@l]

For stage 2 (and stage4), you don have to delete PO sell stop, so in stage 3, u only need to reopen PO buy stop 10 pips apart with SL 10pips [0.2 lots]

1) When the Buy PO is triggered n becomes a market Buy Order, the lowest possible price is the Buy Order SL [0.2 lots]. There is no possibility of the price going beyond that to trigger the Sell PO with existing Buy orders still opened. In other words all Buy Orders must be closed, either all hit SL or hit targetted TP before it can cross over to trigger the Sell PO. There's no significance in leaving a redundunt Sell PO opened that'll only cloak up the chart. Therefore, once all the Buy Orders been closed, the Sell PO will reopen together with the Buy PO at an interval of 10 pips each.

2)Following ur premise, u wanted the Sell PO to stay opened n not to be deleted. Now, there's a problem here. When the Buy Order hit SL, it will reopen a new Buy PO with interval of 10 pips from current price. But what guarantees u hv that the Sell PO that's left there from the beginning would be at a 10 pips interval from the current price? Due to slippages, the interval could be more or less than 10 pips away. So u will not get a Buy/Sell PO that's equally 10 pips away from the current price. Deleting the Sell PO n reopening it during initialisation of first batch set-up ensures no such problems arises.


For stage3, you don have to clear Buy PO 20pips apart[0.1 lots] (opened in stage 2)

Again, do u want to risk slippages or do u want a Buy PO [0.1 lots] that has an interval of 20 pips away from the reopened Buy PO [0.2 lots]? When this Buy PO [0.2 lots] is triggered, the EA will open a Buy PO [0.1 lots] 20 pips apart. Solves all interval irregularities.


For stage 5, Buy Order #5 should be (0.2 lot), 0.2 lot always 10pips stop loss once raise to next 10pips, and 0.1 lot always fixed 20pips SL no need modified. In stage5 Buy Order #5 should be modified the SL to 10pips of current price mean same as open price.

Look carefully at the results, item #9 / order 5. Buy Order #5 is indeed 0.2 lots. It's exactly like what u r saying here. Again, look carefully at the stage 5 chart. The current open price is at Buy Order #6. I believe wht u mean by current open price is previous opened price which was Buy Order #5. The 10 pips SL modified to the same price as Buy Order #5. In other words, the 10pips SL to be moved to Break-Even [BE] of Buy Order #5. That's exactly how the EA operates.

I hope u could spend some time to digest the screen shots & results I have uploaded. U seemed to be rather confused by ur own system.


These few days I may reply late because I will back hometown later.

Well, if u celebrate CNY, I wish u a Happy New Year.

Rgds,
Ashlynne

 

[F0r3xg@l]

Yes, u r right with TT ideas. No different with your 2 pending order buy/sell since it will only trigger ONE either buy or sell in condition; when profit is hit or sl is hit at current/start price, close all order including PO.

Right, everytime a PO is triggered n becomes a market order, another PO will be opened 20 pips apart from the market order. Thus, it's superfluous to open more than one PO order at a time. Unless if its manual trade then its necessary as the trader can't monitor the trades 24/5 as opposed to the EA.

Rgds,
Ashlynne

 

[4rx]

Happy New Year to you Ashlynne
Have a great CNY