Hedging during GBP Market Time

[klhh]

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

Please refer post 45 and 46 for latest version

 

[b_ballerz2k]

don't you think the sum of loss is equal to sum of profit? if SL 10pips keep accumulating until u achieve profit 1% of ur equity means u have total profit of ZERO right?

 

[b_ballerz2k]

never mind. why don't post a SS ? i think i understand what you meant.

 

[klhh]

don't you think the sum of loss is equal to sum of profit? if SL 10pips keep accumulating until u achieve profit 1% of ur equity means u have total profit of ZERO right?

Based on the pictures, I hope you understand

 

[zeman]

melayu bulih ko, x pehe kawe

 

[klhh]

melayu bulih ko, x pehe kawe

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

 

[b_ballerz2k]

Based on the pictures, I hope you understand

cool...

have u tried it yet? demo or live? post your SS history of performance...

i'm interested to see the progress.

:-?

 

[KoLaTox]

not bad but pls post more ss,,,tq

 

[klhh]

In theory, it is 100% earn money, because every pairs sure got movement, and this is why some broker not allow hedging, but I worry not managed to open pending order without EA, anyway I will try to post my SS with manual trade. I also hope anyone here can build an EA

 

[samba75]

In theory, it is 100% earn money, because every pairs sure got movement, and this is why some broker not allow hedging, but I worry not managed to open pending order without EA, anyway I will try to post my SS with manual trade. I also hope anyone here can build an EA

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!