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Over the hedge, orders in the way that it is possible and that you see fit, I'm accepting help. If you have another idea that is most profitable, also accepted views. I believe that these codes will also be of good service to the FxDreema, if you find it interesting!
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I don't believe that all those "hedge" strategies are there to make the EA more profitable. If someone makes you feel like that, I can probably try to explain why hedgind is not as good as it seems. But I am a forex loser, so you don't need to believe me.
We Buy when we decide that the price will go up. We Sell when we think that the price will go down. Let's say the probability of the price going in our direction is 50%. If the price goes in wrong direction, what we can do about it? We can close that trade and wait for a brand new opportunity to buy or sell.
When we use hedge strategy, instead of closing the trade on SL, we open a new trade in the opposite direction. What is that mean? We virtually closed the position (total lot size is 0, because there are two opposite trades), the Equity stopped to move and we feel like winners (in the near future). The reality is that we own Equity, not Balance. Balance is the last known state of our money when we had no trades...
Now we sit and wait for the price to start going back in our direction, but this time without any real analysis of the situation. Just sit and wait, we are now in loss-covering mode. We hope and we pray. Now our mind thinks that only because in the last 10 minutes the price was moved in wrong direction, in the next 5-10 minutes it will go back to where we want!
Normal strategy:
Moment 1: Price is 100. Buy 0.1 lots with SL at 98.
Moment 2: Price is 98. Trade closed on loss. Equity is lower.
Moment 3: Price is 96. We are free to trade based on what we see at this moment. We can buy, we can sell, we can do nothing.
Moment 4: Price is 98. We are free to trade based on what we see at this moment. We can buy, we can sell, we can do nothing.
Moment 5: Price is 100. We are free to trade based on what we see at this moment. We can buy, we can sell, we can do nothing.
Hedge strategy:
Moment 1: Price is 100. Buy 0.1 lots with SL at 98.
Moment 2: Price is 98. Sell 0.1 lots with SL at 100. Equity is lower.
Moment 3: Price is 96. Same Equity, we own less money from the beginning, but we wait for the price to go up again...
Moment 4: Price is 98. Same Equity, we own less money from the beginning, but we wait for the price to go up more...
Moment 5: Price is 100. Same Equity, we own less money from the beginning. We can now close our Sell and wait for the price to continue above 100.
The question is - will the price continue to move above 100? And why we have waited so long with two virtual trades on our chart for something out of our original strategy to happen?
For me such a strategy looks more like a time-waster, but because I am not good in forex trading personally, no one should believe in any word that I said 