my current settings

Earl · #1 02-18-2010, 01:05 AM

using M5

lots 0
lrr 1
maxorders 2
maxlots 100
stoptime 30
aaa 375
bbb 5
takeprofit 20
TS 0
usemacontrol 1
period MA 7
priceMA 3
TypeMA 3
spangator 0.9
slippage 3
ordermagic 231313
safetyGapDemarker 0.2

default rest

ok it's this simple draw a fib lines for everyorder thats taken....

start hedging your trade once you pass 0.0 by 10 pips (use a buy/sell stop)

I would also add an e-trailing ...this is a program that will trail your hedge for you....

set the profit trailing to true
trailing stop 20
strailing step 19
usesound true/false your choice

try this on a demo for a while

been using this for at least 6 months

if you want I can send you a hedge program...but you'll have to manually adjust it depending on your lot size and where you want to set the buy/sell stop

just post here and if we have enough interest then I'll post it

I'm fully automatic or just about...

play with it you will see

Earl · #2 02-18-2010, 09:16 PM

well here is my demo running from feb 11th

5k start

since the wontlet you print off statements anymore I did a picture

Earl · #3 02-18-2010, 09:23 PM

I can't see that thumb thingy..so I'll try posting it again

sitestuff · #4 02-18-2010, 10:34 PM

My brokers do not allow hedging...

Any suggested brokers?

Earl · #5 02-18-2010, 11:18 PM

they won't let you take an opposite trade??? have you tried???

^eagle^ · #6 02-19-2010, 04:28 AM

Quote:

Originally Posted by Earl

they won't let you take an opposite trade??? have you tried???

The national futures association has regulated brokers such that they cannot allow hedging first in first out only (FIFO rule) you have to go with an offshore broker. or an unregulated US broker.

Earl · #7 02-19-2010, 10:42 AM

Quote:

Originally Posted by ^eagle^

The national futures association has regulated brokers such that they cannot allow hedging first in first out only (FIFO rule) you have to go with an offshore broker. or an unregulated US broker.

It must be big money only...

because everyone is doing it....

I'm with FXDD you take any amount of trades in any direction...

I heard about the FIFO rule but I didn't think it applied to small money accounts...

I can go long short anytime I want...

I did lose my 1:200 account because of FIFO

and know have the 1:100

so eagle you can't take trades in both directions???

junglist00 · #8 02-19-2010, 11:37 AM

Earl ... could you comment further on use of 'spangator 0.9'

Thanks

Earl · #9 02-19-2010, 11:53 AM

Span Gator:

Is the difference in pips between the first and second Alligator line, the Lips and Teeth. If the difference is less than the set span, 0.5 pips, or 0.9 pips, then the system wont open the trade. ...

really it's best set at .5
but I figured we have to start trending up so I set it at .9

if you find it trending down then set to .1

doesn't really make much difference at the end of the day maybe a few extra bucks here or there depending on settings

^eagle^ · #10 02-19-2010, 03:46 PM

Quote:

Originally Posted by Earl

It must be big money only...

because everyone is doing it....

I'm with FXDD you take any amount of trades in any direction...

I heard about the FIFO rule but I didn't think it applied to small money accounts...

I can go long short anytime I want...

I did lose my 1:200 account because of FIFO

and know have the 1:100

so eagle you can't take trades in both directions???

FXDD worked around the FIFO issue. Some grandfather clause because they were in process of registering with NFA before FIFO took place. I like FXDD. works great for FAP.