can you tell me in simple terms when you hedge etc?. are you using it with a system. Do you wait til your say 3-5 pips in profit and then open a hedge just to lock it in?

Hedging/averaging trades without prediction

billy whats the max fails you had on one bar?

Billytt Die happy trading e/j daily breakout

Billy fosters is a very bad choice of beer.

Billytt Die happy trading e/j daily breakout

This will be my last post with images I just wanted to highlight this stuff I found constantly. I’m loving it. Another + 10 so today +30 . this is on demo for now will go live just need to find a set-up where it’s doesn’t work and how will I manage ...

Billytt Die happy trading e/j daily breakout

Another +10 just trying to identify area where the 80% of loser traders put there stop losses

Billytt Die happy trading e/j daily breakout

Stop loss hunter completed

Billytt Die happy trading e/j daily breakout

Some indecisive price action before the OPEN. Either way Purple boxes is where i think MM will hunt stop losses. I started to try think if I was MM where would I hunt stop and bring in pending orders/volume. Don’t be greedy aim for like 10 pips. It ...

Billytt Die happy trading e/j daily breakout

Does anyone recommend a hedging EA that is easy to use. Where you can change your recovery zone, profit targets spread etc?

Hedging/averaging trades without prediction

Look forward to your hindsight into positioning hedging to increase you chances

Hedging/averaging trades without prediction

ok last question when would to apply hedge? Like what - pips that you create a hedge in place? Sorry if said this before and I have missed it

Hedging/averaging trades without prediction

A better way to probably trade this. Is Identify where new highs and lows are formed. This of MM or bankers where would you go to hunt them Stop losses. That way your waiting for price to come to you. Getting your 3 to 5 pips before market reverses ...

Hedging/averaging trades without prediction

can you expand what make you open a position in the first place. What do you look for?

Hedging/averaging trades without prediction

Futhermore how many pips in red would you apply a hedge? I.e minus - 10 pips apply a hedge this would work perfect for price around pivot levels. Look forward to giving this a go. It’s probably best to stick with 1 instrument and get a feel for it

Hedging/averaging trades without prediction

Waves do you have a target of how many pips/ points you want to bank a day? Or do you have a trade criteria how many positions open a day or roughly should we say? would you happy with 10 trades a day?

Hedging/averaging trades without prediction

Hi Max, Max what gives you the confidence when placing your trades. What I notice is your entries are always early and quite accurate. I know you understanding of pivot action is second to none. But what patterns do you look for? How do you know ...

Trading An Edge...

I’m not a big fan of stops.

Billytt Die happy trading e/j daily breakout

What’s a guarantee stop loss? Say -£500 in red closed all trades? I was trying to ask billy would would he recommend as a stop loss in order to profit over concession of trades. I will do some backtesting on 5 TP and 5 SL and 10 SL see what’s it ...

Billytt Die happy trading e/j daily breakout

Ok but how would apply a SL that works?

Billytt Die happy trading e/j daily breakout

Billy just a question…… I don’t know how you had the patience always explaining but hey ho. I have been looking at 6.45 15 min break out. Why the 6.45 because I can make bank before work at 8.00 and so I got a little bit time to fix a fail. anyways ...

Billytt Die happy trading e/j daily breakout

This might sound a amateur question. But when the ADR high/low lines are shown for start of the day. Are these lines fixed or do they re-calibrate as new lows and highs are formed?

Billytt Die happy trading e/j daily breakout