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SIngle pair hedging

Discussion in 'Forex Trading Systems and Strategies' started by moksha, Jun 18, 2010.

  1. moksha

    moksha Recruit

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    Can somebody code and EA for this
    Single pair hedging ( still allowed by Alpari UK or FXCM and other Australian brokers

    Please email me auz99@yahoo.com.au

    FX Hedging Strategy

    For Metatrader Platform: Broker which allows “Hedging” in same currency pair
    For example Forex | currency trading | forex trading | forex broker in Australia

    Variables: TP = Take Profit, SL = Stop Loss, TS = Trailing Stop
    Entry requirements: None ( may be revised down the track on measure of support and resistance or volatility
    Special conditions * see middle case scenario


    Idea: Open both long and short position in a pair
    Set: ( as example) on both positions
    TP = 100
    SL = 50
    TS = 20

    Best cast scenario: (ignore spread)
    Long moves up by 100 pips
    Short side is closed at -50 loss
    Long side takes profit @100 = =100
    Overall = +50

    Worst cast scenario: (ignore spread)
    Long moves up by 50 pips and then moves down by 20
    Long side : TS triggered on Long side Long side closes at +30
    Short Side stopped = -50
    Overall = - 20

    Middle case scenario: (ignore spread)
    Long moves up by 20 pips and then moves down by 20 pips
    Long side : TS triggered on Long side Long side closes at 0
    * AT the same time EA Must close Short side at 0
    Overall = 0
     
  2. dust

    dust Recruit

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    interesting method, which would be the entry criteria?
     
  3. moksha

    moksha Recruit

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    Have not decided.. it could be random or based upon some sort of measure of trading range over few days... Need an partner who can co develop an EA for this
     

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