We sometimes receive negative comments on Youtube, usually from beginner traders that compare hedging with martingale and who are damn sure this it’s another fail. Well, it could be, if you don’t know how to trade or set your EA properly.
In the example above, hedging (trading) was stopped by the maximum number of trades allowed (I’m using the Auto Recovery). When this number was reached (and the newly formed consolidation zone was clear), it was obvious for me - as it should be for anyone who knows to trade, at least the basics - that I must interfere somehow. And so I did. After re-analyzing the charts, different timeframes, fundamentals, incoming news and EVERYTHING else, I’ve started to close the opened trades, as soon as I could (ie as close as I could get to breakeven). In the end, I’ve managed to close the basket and even make a few $$ even though I was initially losing.
Conclusion:
- Yes, hedging can lead to losses if you have no idea how to trade or set your EAs
- Yes, hedging can also be profitable - again, it depends on your trading skills
- No, you should not use any automated trading system if you don’t know how to trade without it
from RobotFX http://blog.robotfx.ro/post/168715508317
via RobotFX
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