hedging in an other way?!

[echaz]

hey guys.. let me explain my thoughts:

in my opinion fap trades to often in the short direction.. i almost never have buy orders..

so yesterday i've opened a demo account.. opened two eurusd charts and set fap on both charts up. on one chart fap trades only in the short direction.. on the other chart only in the long direction..

till now fap has completed 8 sell orders .. but only 1 buy order.. so this doesn' work...


then i thought about that:

what if i open a eurusd chart and a usdchf chart..
and tell fap to trade only in the sell direction, for both currencies.

so if the eurusd goes up, fap wouldn't open any trades for the long direction.
BUT if the eurusd goes up, then usdchf goes down.. and then fap would order a trade on usdchf.. and viceversa...

what do you guys think about that? would that work?

[mystikdragon7]

Sounds like a good idea. Have you back tested your thoughts yet so see what you come up with?

[echaz]

well i don't know if its possible to backtest two different currencies? :confused:

[mystikdragon7]

You wouldn't need to back test them both at the same time. Just back test one at a time and adjust the settings as you normally would. Then see what you come up with and add them together to get your total profit. Or open up another demo account and back test them at the same time if you want.