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

  1. #1

    MeMe Trades plus Hedging System

    Hello guys, I would love to know if someone would be willing to code this, I think that could be profitable. Any comments would be appreciated, even in the event that you believe this is crap! Hahaha, but please provide at least a proof

    Actually I do not know if there's an EA which truly works like this... So allow me to clarify everything...

    Months ago I started to trade using an EA Developed by penis jansb000 (100% predied on Trade Made Simple Strat), I have been trading successfully since the EA can manage the trades automatically after a platform introduced by termed MeMe (I think it stands for Multiple Entries Multiple Exits)... I use this EA to trade when I am at work basically and to manage the transactions of my system in the meanwhile that decreased my loses to 0 (Likely until I have a bang )

    This MeMe system, simplified, is made in the following:

    To make it easy let's say we go brief on EURUSD at 1.23, Our ADR(100/2) is 99Pips and also our Spread is 1Pip

    - Position LIMIT ORDER at 1.24
    - Place a SL at 1.25
    - Define then TP, let us say, 100Pips to get 1:1 at 1.22

    When the transaction is okay, wow, perfect, we proceed and buy a Kebab using our hard earned 100pips, but when it goes the opposite we do the following:

    - Price goes against us and reaches the very first LIMIT ORDER at 1.24
    Order gets triggered and we've now 2 SELL Orders you at 1.23 and other at 1.24- New LIMIT SELL is made at 1.25 (Where SL was)
    - SL is being moved to 1.26
    - Calculate afterward the new TP, as order went against us we wish to escape the transaction, therefore we will look to get a BE or BE little profit if we're still greedy.
    - Price goes back and strikes our TP, in this case, we're from this transaction in BE even when at the start it went against us.

    Example:


    Now let us state, price keeps going against us even more:

    - Price activates our Second MeMe Order at 1.25
    - New LIMIT SELL is made at 1.26 (Where previous SL was)
    - SL moved to 1.27
    - New TP is presently being recalculated and put again, now considering we've 3 SELL Orders running

    As an example of a very bad entrance:


    I figure you already got the point...

    This obviously, is not the Grail, and you cannot accumulate unlimited drawdown eternally (Or you can?) But is a really good method of shutting your transaction in profit whenever you have a system that's telling you to proceed, and then everything goes against you personally.

    As this system can get out without a lot of troubles from a bad transaction, what would happen if we place a SELL and BUY order exactly the same time?

    This transaction from previous example:

    SELL Order would have closed in profit after 3 MeMe Trades
    BUY Order would have closed in profit in a few hours, then, I am open to suggestion when it is worth to enter again to keep hedging the previous one and accumulating profit.

    In my understanding even in Range or Trend that this kind of way of work should be profitable.

    In UPTREND buy order will be hedging and closing profits while SELL will probably be generating some drawdown, after a little pullback sell order will shut in BE while most of the Buyers will shut reaching TPs

    In RANGE, both order will be accumulating some drawdown if a number of the MeMe Orders are triggered, but beneath the minimum movement in our direction, they'd end up shutting in BE, therefore no reduction and perhaps even quite tiny profits.

    I am open to ideas! Who's interested to code this?

  2. #2
    Learn from the very best,

    understand the differences between averaging down, scaling and adding to losing rankings.
    There are pros and cons, there are benefits when you understand how how professional traders trade.

    Read what Boris Schlossberg has to mention in an old article.

    Trade Like a Dealer

    and also the gap in Entry and Exit

    Great Trading people! 2018 is another year of opportunities to make more profits on your resources investments and trading.

  3. #3
    Junior Member andresipk97's Avatar
    4
    Hi guys,

    I'd created this code for sometime and not enhance it anymore. That really is an EA. I hope somebody can examine an enhance it If you state ATR 99 pips it will make sense to me. To use this EA, please calculate your MM carefully.

    The EA behaviour:
    1. It's a side that is martingale both. Execute buy and sell at the same moment.
    2. Lot use is base on fibo sequence.
    3. Current default exchange gap is 10 pips.

    Double LevelBuy[13] = 0.01,0.02,0.03,0.05,0.08,0.13,0.21,0.34,0.51,0.85, 1.36,2.21,3.57; //12 Level Buy
    double LevelSell[13] = 0.01,0.02,0.03,0.05,0.08,0.13,0.21,0.34,0.51,0.85, 1.36,2.21,3.57; //12 Level Economy
    double LevelRecovery[13] = 0.01,0.02,0.03,0.05,0.08,0.13,0.21,0.34,0.51,0.85, 1.36,2.21,3.57; //12 Level Recovery

    I am using fibo sequence in the code (Some level aren't actually follow). Maybe it could be change to ATR level and reasonable TP.

    Edit: Since this EA do both side. TP can be hedging at profit attain level or SL for every each direction. I have not do this however. Please consider to possess function like to get USD XXX perday, after reach EA will stop trade for this day, ADR will have some effect.

    Regards...
    https://www.cliqforex.com/attachment...4225525806.mq4

  4. #4
    Member Tyer0's Avatar
    30
    Learn from the best, understand the differences between averaging down, adding and scaling to losing positions. There are pros and cons, there are benefits when you understand how professional traders transaction. Read what Boris Schlossberg must say in an old article. Trade Like a Dealer as Well as the gap in Entry and Exit Good Trading folks! 2018 is another...
    Yep emmanuel. . .try to learning from the best, many thanks for all those very helpful posts !

    Nice weekend and constantly Content trading,

  5. #5
    Junior Member thorcazo1's Avatar
    22
    subs. Thank you
    regards

  6. #6
    Learn from the best, know the differences between averaging down, scaling and adding to losing positions. There are pros and cons, there are advantages when you know how professional traders transaction. See what Boris Schlossberg must say in an article that is old. Trade Like a Dealer and also the gap in Entry and Exit Great Trading folks! 2018 is just another...
    Hello boss, happy and happy to have you

    I'll take a look at the posts, what are your ideas on this approach? You think that it could do the job? Any recomendation?

    Kind regards,
    Jimm

  7. #7
    Junior Member abelyjesi's Avatar
    10
    ... what would happen if we put a SELL and BUY order at same time? ...
    Hello J1mm,
    congratulations to the new thread:--RRB-

    Without possibly realising it, you already have the tool to test what would happen.
    Simply use the TMS EA using two different MagicNumbers. One for BUY and one. It is possible to use the scripts that come with the EA to initiate the two transactions and have one chart with the EA using MagicNumber1 and yet another with exactly the identical EA using MagicNumber2.

    I would recommend that you start the very first trade once the price is going in 1 direction and only start the next trade when it is going in the opposite direction. This implies that if the first transaction is spot on you never need to start the second.

    You might be on to something!
    Cheers...

  8. #8
    quote Hello, congratulations to the new thread:--RRB- Without maybe realising it, you already have the instrument to test what would happen. Simply use the TMS EA with two different MagicNumbers. One for BUY and one for SELL. You can use the scripts that include the EA to commence the two transactions and also have one chart with the EA with MagicNumber1 and yet another with exactly the identical EA with MagicNumber2. I'd suggest that you start the very first trade when the price is moving in one direction and just start the next trade when it is moving in the opposite direction....
    hahaha yes! It just came to my mind today, in fact I asked this in your post, I believe I will delete this one as my question and need was already solved, I will keep you guys updated on my findings

  9. #9
    6 Structure (s) Hi,

    so that I keep posting examples, I hope some coder is interested into code this egy

    Alright, let's start, I took one pair randomly, 4h chart and Tradingview since it's helpful to unleash my art! XD

    We input randomly in 1 pair, I believe the EA should have the choice to be triggered at will and also the choice to autotrade, I am still considering the ideal way for Autotrading, open to suggestions.



    You can see clearly here our entry point, at this point, we do not know what will happen? Tremendous support being analyzed 4th period in a couple of days, but frankly we do not care, we're going to go here using a BUY and SELL at precisely the exact same time...

    Alright! Now we enteredour EA is launching now 2 LIMIT orders, one for BUY and alternative for SELL, let's say our ADR(100)/2 is currently about 100 pips...



    Price begins to move, also MeMe LIMIT BUY is triggered, we finally have two BUY ORDERS opened, EA will now do the following:

    - Position another LIMIT BUY at 100 Pips from the previous one (Or take again ADR(100)/2)
    - Close initial SELL in Profit (100pips - plogist )
    - Open new SELL order at this point

    Our trade will look like that right now:

    Technically, now, we're only dropping the current order Spread but this can be when all gets interesting from my opinion...



    However we're missing something!

    - TP for BUY order has to be recalculated, as now, we've got two BUY Orders set up, it has to calculate closest BE Spread (Optional, X Pips?)

    So order, will look like that:



    Our BUY new TP has been triggered, we're good to go and SELL everything, the new SELL order will close in profit, the BUY orders will probably close in BE small profit and previously we chose 100Pips from the very initial SELL...

    inside this moment, I am still thinking if would be fine that the EA will automatically close everything and reset the BUY/SELL stuff, open to suggestions...

    BUT I want to complie a thing somewhat, let's assume this TP was not reached by some pips, we're still in the last state... (You will notice that I moved now the TP so it was not reached...)



    Currently this bastard kept going down, and can be triggering our 2nd MeMe LIMIT buy, EA will subsequently:

    - Place another LIMIT BUY at 100 Pips from the previous one (Or take again ADR(100)/2)
    - Close initial SELL in Profit (100pips - plogist )
    - Open new SELL order at this point

    At this stage our position status is:
    two SELL orders shut with 200 Pips - 2x Spread
    3 BUY Orders started, suming -200 Pips 3x Spread

    Sounds like we're losing money? Ah... c'mon... maybe not today.



    At this stage...
    BUY Positions closed in BE small profit
    2x SELL positions closed in a full of 200Pips
    1x SELL open in -100 pips disperse
    1x SELL open in -20? Pips disperse

    So we've got two choices, we reached our Pip Target? We can close everything and buy a Kebab (I enjoy Kebabs), we are able to keep going and place a new new BUY Position... However, I think that now believes gets complied to code and I am Somewhat tired, so tomorrow I will try to post another example

    Kind Regards,
    Jimm

  10. #10
    Junior Member Bwtas_Brb's Avatar
    7
    Hi, I will keep posting illuions, I expect some coder is fascinated into code this approach Alright, let us start, I took one pair randomly, 4h chart and Tradingview as it is helpful to unleash my artwork! XD We enter randomly in one pair, I think that the EA should have the choice to be activated at will and also the choice to autotrade, I am still thinking about the ideal way for Autotrading, open to ideas. image You can see clearly here our entrance point, in this time, we do not know what's going to happen? Huge...
    I dont see how you might have closed in profit?

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