Which is it, building two positions at the same time or average down?
The other day, my trading student, Eko-san (pseudonym), said something.
On a certain site, there was a claim of trading without losses using a long/short hedged position!!
There was a set of a hedging method and a sign indicator
being sold, so I bought it as if it would surely win.
In the end, the signals came in haphazardly, and the free indicator was so annoying
that I downloaded a PDF and tried it in practice, but I ended up losing a lot very easily.
The price was 10,500 yen.
Feeling so frustrated, I wanted to erase the losing hedged positions, so
I entered in the long direction with a Martingale multiplier of 3, and
it became a big overall profit, so I closed it.
The idea of Martingale averaging down, or “martingale nanpin,” was what I used to say,
and it left a very memorable, bright smile.
Nice!! The fusion of hedging and Martingale averaging down is absolutely NICE (lol).
Still, that product was really crappy!!
The content written in that PDF was to ride the direction shown by the indicator,
if a counter signal appeared, hedge and add to the position in line with the signal,
depending on the situation, close one side to secure profit, and when total becomes positive,
then close the remaining positions with a stop loss, something like that.
Do you think I could actually do that? I could not do such a thing!
Because constantly watching the chart is impossible for me!! …
Actually, I’m a trader who hates looking at charts (lol).
Because I couldn’t keep watching the chart, based on my decades-long FX trading career,
・I automated the exact same method as an EA
・I trained a helper EA that does only the entries and then runs automatically
through many Try and Error as I kept striving to create it.
And what I can say is that automated EAs have environments they suit and don’t suit.
To compensate for that, to end with profit, hedging and
the technique of Martingale averaging down play a big role.
Many so-called pros
・Martingale is crap!!
・Hedging is effective!! or crap!!!
They say such things irresponsibly, but in truth
the thing that is said to be "crap" is precisely the thing to combine with settlement
is actually the only answer for constant winning!!
By using planned Martingale and planned hedging,
my group of EAs will protect precious funds.
Today’s topic was about not being swayed by the worthless chatter that floods the streets!!
Huh? Was that the story?
That’s all for now, take care.
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