flinux's free indicator thread

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vladv
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Postby vladv » Sun Dec 20, 2009 11:00 am

What's the money management for the GBP/JPY breakout method,flinux?

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tmanbone
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Postby tmanbone » Mon Apr 05, 2010 10:36 pm

Flinux, congrats on the trading contest. You are at the top of your game.

Cheers,
"The simplicity of the markets is it's greatest disguise"

T

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Postby newark18 » Tue Apr 06, 2010 4:19 pm

what trading contest?
Failure is an opportunity to learn.

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Postby frang0nve » Thu Jun 10, 2010 1:42 pm

flinux wrote:I do not like the stop-loss, I prefer open orders limits the opposite direction.
I advise you not to use stoploss, try instead to use limit orders in the opposite direction (hedging), to the level where you would set the stoploss.


Hello , can I ask you how to use hedging instead of SL?

Example:

I Buy 1 minilot (1,000 units) EURUSD at 1.20 ( SL 1.1980, TP 1.2040)

Normally if price goes against me I would be stopped out at 1.1980 lossing 20 USD.

If just after stopping me out price rebounds and goes to the original target, I'm left cold in water (unless I use one of those tricks from MO opening again a long position midway between my original entry price and SL).

How is your hedging strategy in this example?
I assume you'll open a short position at 1.1980 to hedge the original trade.
If price keeps going down, what will you do? And when price rebounds? ?


Cheers

Francisco

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