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- Kfx replied Aug 30, 2014
Ok, I will re-read your posts and try to understand the "Letting L1 position" concept. I must sound pretty stupid not understanding this modification on my own system.
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
You said before, you just close Level 1 if price retraces 10 pips. So if we close level 2 and level 3 in TP we win 50 pips and when the price retrace from there we win 0 pips from level 1. If we do not let the level 1 run and close all in TP we win ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
According with your modification, your TP for Hedge x1 is @1.3190, so Level 2 + Level 3 = 50 Pips, and you let the level 1 run. So, if the price retraces you are not saving commisions or spread because your Level 1 is lossing pips ???
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Checking your chart, you have some mistake ... You open 2 sells in the same level (1.3180) instead open a new one (the third) @1.3190. So Hedge x2 is worng too.
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
In my chart I opened and closed trades according your modification.
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Sorry, I made a mistake ... It is "Close Buy 2 and Buy 3" not "Close Buy 1 and Buy 2"
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Here my example ... Please comment. image
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Good example in a very favorable situation .... But What happen if you close trade2 (+20 pips) and trade3 (+10 pips) and the price retraces to open a new Hedge? .... Would we be losing the 30 pips that we could have won if we had closed trade1 as ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
I think I understand. So in a strong price move in your favor, you keep open only the first trade (of 3) of each grid and let it run until price retraces 10 pips. If I understand correctly, you still open the same number of trades, but you save ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Hi Clipi. I hope you have good results Saludos
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Hi spyderman. I agree with you on "everything you need to understand is already in the thread". But I also understand that there are many inexperienced people and with difficulty understanding the language. I Always will be grateful to ATA for post ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Hi yczzd. I keep working on it, but nothing relevant at the moment. Languaje is a problem for me to so if there are spanish or portuguese speakers members that have some questions I can reply you by PM.
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Hi profitfarmer. Yes. As you say there is not entry criteria in this system, just open a trade when price touch a grid level (with the original version open the first trade against the trend and with the ForexMasterGuru (Paracelsus) version go with ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 29, 2014
Hi Paracelsus. I been thinking in your great idea but I have some questions. How many trades you keep it open? When you close all the trades? What happen if you have many trades opened, the price reversal and you have to open the next hedge level? ...
MGH System (Martingale Grid & Hedging)
- JForex Order Manager PanelStarted Aug 29, 2014|Platform Tech|0 replies
Hi. I need to create something like this for DukasCopy JForex. {image} So, it would be great if ...
- Kfx replied Aug 26, 2014
Hi all. Working full time in Forex now, specifically triying to improve this strategy and creating others of this style, with dozens of new ideas and improvements discarded every day. Nobody said that "Martin" was easy path to get the "Semi Holy ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 25, 2014
Yes. I mean the one I sended Aug 23. I thought that you had not received because I have not received any reply.
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 25, 2014
I agree with you. Yes, It is all a about studying the system for several years, to have solid statistics on which base our SL's, TP's and other parameters. We should also be in mind (as already mentioned some members before) the size of the grid ...
MGH System (Martingale Grid & Hedging)
- Kfx replied Aug 25, 2014
Sounds good. Do you have some example of the worst trade (SL reached) and how many pips you lost vs. how many pips you win? But in a "Hedge x8", you can have more than 500 pips DD ... If the TP is 60 we will need 8/9 win trades to cover 1 loss. ...
MGH System (Martingale Grid & Hedging)