MeMe Trades plus Hedging System -
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thread: MeMe Trades plus Hedging System

  1. #21
    Other parameters:


  2. #22
    Thank you Rockit for starting Developing this very first version...
    if you were able to summerize the principles in a compact manner, like I have put in post #20, I think it would be helpful to code.
    But finalize the principles.

  3. #23
    Hello Rockit, I'll do, Allow Me to spend some time this evening Considering a Outlined rules, I hope That They will not be too much subjective...

    Kind Regards,
    Jimm

  4. #24
    Junior Member Bwtas_Brb's Avatar
    7
    Hmmm... Please correct me if I am wrong, maybe I am missing something... At this stage, BUY becomes canceled let us say we shut it at BE as it makes no sense to include BE something because you'll be taking pips from the bottom market image 100 from previous market closed 0 from doing a BE Close for the Buy orders (Starting BUY LIMIT Buy triggered) - 70 For SELL opened after triggering first LIMIT Buy - Spreads? Speaking about pips, I see here profit Afterward this oder situation (Assuming BE wasn't achieved by a few pips...) 100 from initial sell closed...
    I believe you're extremely confused.

    There is no profit from it.

    State you've got tp of 100 and also sl of 100.

    Enter buy at say at 50.00. And market at same degree.

    Price falls and you make loss of 100 on buy and profit of 100 on sale. The market close.

    But the 2nd buy order activates. You have two buy trades available. An additional market open.

    But the price falls back by another 100 points. This time you've got two buy trades (the first one and also the next one), obtaining a entire loss of 200 points onto the very first buy (recall the very first buy remains open from the beginning and now is at a loss of 100 100), and 100 points around the next buy. Altogether at this stage your entire buy is at a loss of 300 points. You opened a market that's now at a profit of 100 points.

    So, at this stage what you've got is a entire loss about the buys of 300 points. And profit made on the sells of 100 after which 100 = 200.

    You're still losing 100 points total.

    When the price continues to drop, and activates that your 3rd buy, and keeps on dropping from another 100 points. Your reduction on the buys will be 1st buy 100 100 100, 2nd buy 100 100, 3rd buy 100. Therefore total reduction on buy trades = 600 points. Total profit on the 3 market trades 100 100 100 = 300 points.

    Complete your account will soon be losing 600 - 300 = 300 points!!

    So how in the world you're going to turn into profit I have no idea, particularly if the price keeps on decreasing, your buy trades will probably have a much greater cumulative loss than the profit you'll make on the market trades.

    This technique will be a nightmare when the price keeps on just going one way, at the case above just falling during buy trades.

    So not sure how you will then get out at break even. Unless I have misunderstood your principles.

  5. #25
    Junior Member andresipk97's Avatar
    4
    quote I'm running this a live cent account ($18 ~1800) for evaluation, since two days it's up 10% of account It operating on EURUSD and USDCHF with default configurations. Do you suggest run this on all pairs of variety or on chosen pairs picture
    It profitable when ADR is under 90 pips a day (by default setting. There will be time once you see that the ADR go past that. This time you require hedging mechanism or SL, since the nature of this EA open both positions. The payoff part is lacking but you can view @rockit have completed the payoff part. You may enhance it by all means, if it's possible to develop.

  6. #26
    Junior Member pilarlascasasz's Avatar
    1
    Hi guys, I'd like to know if somebody would be happy to code this, I think that could be profitable. Any comments would be appreciated, even if you believe this is crap! Hahaha, but please give at least a evidence Actually I do not know whether there is an EA which actually functions like this... So let me explain everything... Months ago I began to trade with an EA Produced by member jansb000 (100% based on Trade Made Simple Strat), I have been trading successfully since...
    Maybe that's exactly what you were looking for.
    https://www.cliqforex.com/general-fo...ior-issue.html

  7. #27
    Hello, you're totally right, what seems promising until you get hit with a strong tendency, going back to Break even gets harder and harder as you build up the position...

    Perhaps, if we can consider a way to to identify that we might be in a trend and then stop building againts and rather with the tendency it might be a fantastic idea and enhance the drawdown...

    For instance... EURUSD for your whole 2017/2018, in the start of 2018 (Jan) a VERY HUGE uptrend started not retracing until Month and a half latter...


  8. #28
    quote In case you could summerize the principles in a compact way, like I have placed in post #20, I think that it would be very helpful to code. But first finalize the principles.
    I can perform, I think we need to discover a way to filter building a situation too much over a huge trend, this can minimise drawdown and stop the account to be blew up...

  9. #29
    Junior Member Paulirmcf's Avatar
    17
    quote Hi J1mm, congratulations on the new thread:--RRB- Without possibly realising it, you already have the instrument to check what could happen. Simply use the TMS EA with two Distinct MagicNumbers. One for BUY and one for SELL. You can use the scripts which come with the EA to commence the 2 transactions and also have one chart with the EA with MagicNumber1 and another with the identical EA with MagicNumber2. I'd recommend that you start the very first trade when the price is going in one direction and just start the second trade when it's going in the opposite direction....
    If you have to trade this way then listen for this gentleman.

  10. #30
    Junior Member andresipk97's Avatar
    4
    Hello, you're totally right, what looks promising until you get hit by a strong trend, going back to Break even gets harder and harder as you develop the place... Maybe, if we can think about a way to to identify that we may maintain a trend then stop building againts and rather with the trend it might be a fantastic idea and improve the drawdown... For instance... EURUSD for the whole 2017/2018, in the start of 2018 (Jan) a VERY HUGE uptrend began not retracing until Month and a half latter... picture
    I believe the system need to look seriously onto the ADR. Perhaps by range. ADR begin from 50 - 60 pips, 61 - 70 pips, so on.... You can test the information especially for EU on 2008 August and September. 2017, Jun/July/September when I remember that correctly.

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