Hey Guys,

I'm trying to get a strategy done that will hedge instead of using a SL. Still struggling with a way of compiling it so that for example when a Position gets 20Pips negative, the strategy would open a hedging position.

What would be the easiest way of compiling it?


Thanks in advance!
Artur

Thought about something like that, but this one seems not to work...

Greetings!

The problem is: what do you want to do when the hedged position is also in loss by 20 Pips?
This is one way to implement it, but I am pretty sure that you have to change your logic a bit when you want to add some components - it roughly depends on the logic of the strategy.

In addition to that, you have to know, TradeEvent startpoint generates only signals if a trade event took place (SL, TP, placed trade, open at market...) - therefore, very low amount of signals (usually).
Maybe you can explain if your strategy is just for fast market movement purposes or if it is a component of a whole strategy?

hey thanks, it's more a part of a much bigger strategy, don't know yet how it'll work out but thank you anyway!

I'll keep working on it, if I encounter any other difficulties i'll come back ...

Since I've received such a fast response, instead of wasting more time experimenting around I'll just post my strategy and hope this way to move on faster.

Could someone please check where exactly the problem is.

The strategy is supposed to check the Stochastic Indicator on the 30m and the 5m Chart, when both are in the overbought sector the strategy sells with a 10 pip TP, when both indicators are in the oversold the strategy buys with a 10 pip TP.

Now for the Stop I wanted the strategy to open a hedging position instead, always when the strategy encounters a negative position of -15 pips.
The hedging position should have a 15 pip TP and a twice as big position size and if TP hits, the strategy is supposed to close all the open positions. If the hedging position goes -15 pips, an other hedging position should open, now 3 times the initial position size, again with a 15 pip TP and as soon as this one gets hit, the strategy is supposed to close all the open positions.

And so on...

My strategy does open hedging positions now, but it opens a huge amount of positions and it wouldn't close all the open position when it hits TP.

Any thoughts?

Thanks,
Artur

Greetings!

So you want to set up a kind of martingale, correct?

If so please have a look at this:

yes, basically that would be what i was looking for. thank you!

actually what I was planning to create was a little bit similar though upside down in a sense. I'll try to use your strategy to learn out of and being able to modify mine.

Looking for the easiest way of making my strategy to, if a position is down a certain amount, open a counterposition and repeat that until one of the TP gets hit, in that case the strategy would close all the open positions.

If there is a much easier way to get this implemented that I don't see, please advice!

Sorry for bothering you guys but I have an other question.

How can I just implement a martingale element into a simple strategy... My idea goes as follows:

Every time price hits SL, my position size gets multiplied by for example 1.5.
As soon as price hits TP, my position size returns back to normal.

My idea behind it is to reduce losses.

For example,
- my strategy opens first position of 0.01L, 10pip TP, 10pip SL -- price reaches TP, nothing happens
- second position, same L and TP and SL -- price reaches SL, L times 1.5 (0.01*1.5)
- third position of 0.015L, same TP and SL -- price reaches SL, L times 1.5 (0.015*1.5)/price hits TP, L back to 0.01
- forth position if previous one a loss 0.0225L, if previous one profitable 0.01L
- and so on...


Id'll be great if you could help me!

thoughts? ideas?... anyone please!

Greetings!

Actually, it is pretty easy: Please have a look at the component attached

I thought it should be simple though somehow it did not work the way I was tryin it. Thanks a lot, now it makes sense!

Don't know why anytime i try to implement that part to a strategy, the strategy stops completely opening positions when I run it on the strategy tester...

I'll post an example strategy where I tried it, would be nice if you could take a look at it.

2 things:

- The "Lot Amount" variable is not the same, that is why there were no open positions at all
- You need to calculate the lotsize once, after that the "TradeEvent" start point will calculate the further sizes (in case of losses).

thanks, it's all still quiet complicated for me... sometimes struggling a lot with understanding how exactly the logic works.

hey Dirk,
a different question about the martingale strategy you posted. I tried running it on my Demo account and noticed a few problems JForex is having with the strategy. I noticed system messages like "Order REJECTED: CONDITIONAL SELL EUR/USD, REASON: Invalid price format - please use increments of 0.1 pip" appearing over and over.

Do you know why it does that and how to fix it?

Greetings artur,

the reason for that is the entry of each position: It is based on the EMA, which is, as you know, an irrational number (double). JForex has problems to enter at those conditions, because the usually the price has 5 digits.

In that case, not every entry will be filled - that is the reason why you receive such message.

It will be fixed, hopefully, with the release of the new version this week or next week.

Cheers