Hi.
No big debut, no stories about my trading or personal life, no extended articles about subjective theories or techniques.
I only want to show you a simple method in which I am working and I hope that with everyone's help, we could enhance it.
We all recognize that grids and martingales are harmful, but abstain from making comments debating whether these techniques are good or bad and concentrate on the system.
You're welcome and feel free to writing your ideas or critical.
Fundamental example for entrance criteria.
Just use a indior that draw a 10 pips grid.
Buy: If price comes in above and touch a grid level (level 1)
TP: second degree (10 pips)
If the price drops 10 pips, put in a buy (level 2)... place all TPs at par 1
If the price drops 10 pips longer, put in a buy (level 3)... place all TPs at par 1
Sell: If price comes from below and touch a grid level (level 1)
TP: second degree (10 pips).
If the price climbs 10 pips, put in a buy (level 2)... place all TPs at par 1
If the price climbs 10 pips longer, add a buy (level 3)... place all TPs at par 1
That is just another example of Fundamental entries when our martingale and hedging aren't crucial to use however, just grids.
I believe this time will be quite clear, I don't know how to simplify it even more
That is the most easy situation.
Let see another effortless situation, let's call it Hedge x2
Today we've got our grid sells on Level 4 thus without closing the sells....
1. We will open just buys doubling the last lote.
2. If the price go contrary to, we put in up to two grid levels more with the exact same lote size.
3. We will close all buys and sells when we reach 100 pips or more.
Until today those are very easy scenarios.
Later we well see some more complie.
In advance I will say that this system have a percentage equity SL and a different equity TP target, depending on the hedge multiplier. The biggest the biggest that the profit, the hedge multipler.
Let see today Hedge x4
1. Price reach the level 4 so that we begin with x2 buys and find a little profit, but....
2. The price has retraced to our x1 grid sells, or so the TP for x1 transactions is attained and today we've got 3 x two transactions in the air
3. To avoid a possible range, we'll await the price moves an additional degree.
4. Then we'll begin with x4 sells until reach our target. In the event of a Hedge x4 we want 250 pips or longer to close all the transactions.
I will show you today as soon as the separation between opened grids is 30 pips or longer. We will call to this case Hedge x4 Interior Grid.
1. We have two opposite grids opened (3 x1 buys and 3 x2 sells). At this stage some x2 sells have already been closed already ( 5 sells x 2 = 100 pips )
2. The gap between the grid 3 of started buys and lgrid evel 3 of started sells is 30 pips.
3. The price back up into the middle of the grids separation. In cases like this the centre would be 15 pips, thus we believe the amount closest to buys to begin with x4 trades.
4. At some point the price reach or x1 buys TP and are shut. ( 3 buys x 1 = 30 pips )
5. We still open x4 buys until get our 250 pips or longer target.
Here is the Hedge x16 Interior Grid example. I believe that the picture speak by itself.
1000 pips or more target for this example, incidentally.
once we have an inside grid we will await the outside grid to close, in this instance the x8 buys, to open a new x32 grid.
Here is actually the Hedge x32 inside grid... 5.000 pips DD.
Maybe it would be a good idea to begin with another level 10 pips away fom inside grid get TP, and not await a negative level to get TP.
That really is a modifiion of the machine by Paracelsus (FxMasterGuru)...
https://www.forexsoutheast.asia/gene...g-happens.html
Some brainstorming ideas for further experimentations:
1. First batch entrance is in trend direction:
Buy: When price comes in BELOW and touch a grid level (level 1)
Sell: When price comes in ABOVE and touch a grid level (level 1)
Reasoning: To maintain friendship with the tendency beginning from Level1 of Original Batch. (All further H Grade admissions are in trend direction, so why don't first one, also?)
2. Not moving original TP levels when Level2 and Level3 transactions are triggered.
TP: second amount (10 pips)
If the price drops 10 pips, add a buy (level 2)... maintain TP
If the price drops 10 pips longer, add a buy (level 3)... maintain TP
Reasoning: Just by maintaining the original TP, we could DOUBLE the profit of each Original Batch (following Level3 entry).
For example:
Moving TP into Level1: Level1 Level2 Level3 PT = 0 10 20 = 30 pips
Maintaining original TP: Level1 Level2 Level3 PT = 10 20 30= 60 pips
https://www.forexsoutheast.asia/gene...thon-perl.html
Additionally, an additional thought: Taking profits and reentering with exactly the exact same lot size at each grid-step burns up lots of commissions and spreads, that add up. To avoid feeding the beasts (i.e. the brokers) excessively repeated reentries, I propose NOT TO CLOSE that the very first transactions of each smaller batches, but allowing them ride and adding the 2nd and 3rd measures following a 10 pips (grid size) retracement as normal.
It provides exactly the exact same precise equity gain/loss at each level as the original egy but without closing and opening transactions at each level. Contemplating that a 1.2 pips ECN expense at each grid step, it can mean 12 pips saving on a 100 pip move, which will be about 12% cost saving. Not insignificant. Additionally, as butterfly effect occurs also in trading, this small, but significant cost saving can mean the difference between being able close a basket prior to a major market turn and until a higher Hedge amount would kick .
Attached the EA's by GoldenEA
https://www.forexsoutheast.asia/fore...py-trades.html
https://www.forexsoutheast.asia/fore...ng-trader.html
https://www.forexsoutheast.asia/atta...8960771578.mq4