I'm still testing, I tried hedging the hedge today using MPTM trade manager, huge drawdown, though it did gave me positive pnl today. But still, on a live account it can be scary. So on hedge the hedge is a pass for me.

Daytrading/scalping with high leverage - my proven strategy

I doubt there's any, unless its a limit order.

Daytrading/scalping with high leverage - my proven strategy

It works, I made 50+ trades and after all trades are cleared and done account remained at break even, which is the purpose of the testing, is just to break even. So it is better than a stop loss, start it after the trend is confirmed. If no trend ...

Daytrading/scalping with high leverage - my proven strategy

Ok, I figured out what the problem is, its this setting on this trade manager I use. It's a stepping stop enabled at 3.5 pips. So its not the brokers fault its my noobness. sorry sorry

Daytrading/scalping with high leverage - my proven strategy

Something is fishy about this IC Markets broker, my target is 8.7 pips and it went my way yet it only gave me 3.5 pips in profit... I'm glad it's only demo otherwise if its live I would really be pis*** off. Don't tell me its slippage duh there's no ...

Daytrading/scalping with high leverage - my proven strategy

True the 5 layer may not work for scalping as the tp and sl is too close, some slippage may cause it to loose instead of breaking even. That is why i think its for a swing trader trying to break even from a trade. For a scalper I think the 2 layer ...

Daytrading/scalping with high leverage - my proven strategy

hah hah true so many systems here now but its ok

Daytrading/scalping with high leverage - my proven strategy

So easy, look at the SL Inc (Stop loss increment) and TP Inc (Target profit increment). With the excel sheet shown below a hedge will be opened at -35 pips below entry, then it will start to taper off the loosing trade in increment of 7 pips while ...

Daytrading/scalping with high leverage - my proven strategy

Here ya go, I finally got it right. Check the MT4 snapshot. This one actually still gained, commission included. I created an excel for 2 layer SL/TP Hedge, and 5 layer SL/TP hedge. You can make more with the 2 layer, but I think with the 5 layer is ...

Daytrading/scalping with high leverage - my proven strategy

My excel calculations are wrong gotta do it again. heh

Daytrading/scalping with high leverage - my proven strategy

Cool keep posting, this way we can all help and learn from each other.

Daytrading/scalping with high leverage - my proven strategy

hah hah ok, ask keen246 he seems to get it. I got two trades on demo right now, hopefully it will get hedged.

Daytrading/scalping with high leverage - my proven strategy

At this time, this is setup with a spread of 1 pip(fee paid to a broker for non ecn accounts). If you want this to be a profit instead of break even. Just increase the TP by 1 or 2 more pips. This is better than uncontrolled revenge trading and ...

Daytrading/scalping with high leverage - my proven strategy

Figured it out yet? As you know I'm bad at explaining so I'll let you figure this out. It's not a 1 sided hedge, there's TP/SL at the other side too in case it reverses direction. I'll show the result later though. If I miscalculate something ...

Daytrading/scalping with high leverage - my proven strategy

I got the software setup like this for a hedge with an 18 pips hedge stop. I will show the result when I finally got a hedge trade.

Daytrading/scalping with high leverage - my proven strategy

I will when I finally got a trade that needs hedging. I've been practicing it on demo so far the hedge stop has not hit yet. I haven't lost a trade on demo yet to show a sample trade. When I finally got a hedge I'll show some pictures. I'm using ...

Daytrading/scalping with high leverage - my proven strategy

Too much work when day trading, we need a script for this. I hope this one I'm looking at is the one that I think can do it.

Daytrading/scalping with high leverage - my proven strategy

So a modified version would be something like this, pretend the spread is 1 pip. Buy 10 Hedge stop 10 Pair keeps going down Sell 2 at -2 pips 8 Long positions left Buy 2 at +5 Pips 8 Short posistions left Sell 2 at -7 pips 6 Long positions left Buy ...

Daytrading/scalping with high leverage - my proven strategy

Yes you are right, it's only an example, we can widen the TP to compensate for the spread and commission, so instead of taking TP every 2 extra pips we can make it 4 pips depending on spread. Another thing, this is better done in a low spread broker ...

Daytrading/scalping with high leverage - my proven strategy

I think I found the tool that can do this. Awesome! url

Daytrading/scalping with high leverage - my proven strategy