I have been playing with an idea based on my original Martingale hedge (which Burgerking turned into an EA)
The newest idea is to enter 1 microlot long with a TP of 150 pips. If the price passes 50 pips long and then reverses back to the entry point, go short 2 microlots.
You would NOT go short 2 microlots if the price did not travel at least 50 pips..... instead you would go short 2 microlots if the price went 50 pips against you.
You continue adding additional positions (3, 4, 5, 6) based on the method described above until you net 150 pips... there is a lot of cancellation that will occur, so drawdown will be kept small.
This idea is very intriguiging at the moment. Just remember, you do not close any positions until you net 150 pips.... then close them all.
Tom
The newest idea is to enter 1 microlot long with a TP of 150 pips. If the price passes 50 pips long and then reverses back to the entry point, go short 2 microlots.
You would NOT go short 2 microlots if the price did not travel at least 50 pips..... instead you would go short 2 microlots if the price went 50 pips against you.
You continue adding additional positions (3, 4, 5, 6) based on the method described above until you net 150 pips... there is a lot of cancellation that will occur, so drawdown will be kept small.
This idea is very intriguiging at the moment. Just remember, you do not close any positions until you net 150 pips.... then close them all.
Tom