Live (By southernpitbull)
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Live Discussion
May 18, 2010 at 13:55
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5 Replies
Member Since May 18, 2010
29 posts
May 19, 2010 at 18:00
This is a $1000 Micro account. So $100,000 = $1000 , $100 = $1 and so on. If you have any questions about my settings just ask and i'd be more then happy to share them with you.
Member Since May 18, 2010
29 posts
Jun 01, 2010 at 17:26
Well today I decided to raise the risk settings... as y'all can see it wasn't the best idea. a huge spike occurred and damn near wiped out the entire account. I was able to catch it in time and save about $350 I'm back to the original settings and 3 pairs. Hopefully I can re coop some of those losses... all in all i lost about $800
Member Since Apr 20, 2010
814 posts
Jun 02, 2010 at 06:08
(edited Jun 02, 2010 at 06:10)
Very brave, play 5 pair at the same times. Have you do research yet before play for REAL ?
ROI gain 711.87% , play for 61 Days. As show in forexfbi comparison review.
Start with 1k deposit. Play 2 pair only using default setting.
What grid setting you use on each pair ? You using the version 2.2 with mass hedge system ?
ROI gain 711.87% , play for 61 Days. As show in forexfbi comparison review.
Start with 1k deposit. Play 2 pair only using default setting.
What grid setting you use on each pair ? You using the version 2.2 with mass hedge system ?
Information is Gold when come to organised.
Member Since May 18, 2010
29 posts
Jun 02, 2010 at 14:16
I did a bit of research on a few demo accounts and found the settings i liked the best. those were actually the ones i was using prior to june 1st. i was running 4 pairs with the riskier settings when i had only tested the settings on 3 out of the 4 pairs. go figure the one i didnt test was the one that blew the account. I've got everything running on the H1 timeframe. After the incident i've started using mass hedge aswell.
Member Since Apr 20, 2010
814 posts
Jun 02, 2010 at 14:32
Do you have the manual describe how the mass hedge work ? The deep setting is what use ?
Look like previously I only use 5k to play 0.10 USD per pip is actually under margin games.
But then even I get to 10k in 12 days, it still blow account because of bad luck having 700 storm pips on May.
Amazingly the GbpUsd and EurJpy have no effect on the storm.
Look like previously I only use 5k to play 0.10 USD per pip is actually under margin games.
But then even I get to 10k in 12 days, it still blow account because of bad luck having 700 storm pips on May.
Amazingly the GbpUsd and EurJpy have no effect on the storm.
Information is Gold when come to organised.
Member Since May 18, 2010
29 posts
Jun 02, 2010 at 15:11
>>>>>>>>>>>> How Mass Hedging Works <<<<<<<<<<
We are still working on optimized settings which incorporate the mass hedging, so until then use this
setting at your own discretion!!!
MassHedge- If set to TRUE, will activate the mass hedging system described below.
MassHedgeBooster- The lot multiplier used to multiply the lot sizes of the MassHedge trades only!
TradesDeep- How many trades into a trend before the MassHedging starts to try to help reduce
drawdowns if the trend continues.
The purpose of this is to start opening hedge trades when you reach a certain number of trades deep
into a trend. It comes with a setting called TradesDeep, where if set to 3 for example, it will start
hedging trades once you have 3 buy or sell orders opened against a trend. So when a 4th buy or sell
order is opened against this trend, a 2nd hedge trade will be opened with the lot size determined by the
MassHedgingBooster setting. This is a great way to reduce big drawdowns during massive trends as the
hedge trades will help keep enough margin to stay alive through bigger trends.
Example of how this works:
· PipStarter 100
· TakeProfit 100
· Booster 1.599
· MassHedging TRUE
· TradesDeep 3
· MassHedgingBooster 1.599
--> A SELL order is opened at 1.0000 at 0.01 lots
--> The price move against it to 1.0100, so a second SELL order is opened with a lot size of 0.02
--> The price moves another 100 pips against to 1.0200 and a 3rd SELL order is opened with a lot size
of 0.04
*** At this point, 3 orders against a trend have been opened, so our MassHedging starts because our
TradesDeep is set to 3
--> Now the first MassHedge trade is opened at 0.04 lots (same booster values), with no TP, but a
STOPLOSS set to match the TP of the SELL orders so they all close at the same time.
--> Price continues to move another 100 pips to 1.0300, so a 4th SELL order is opened with a lot size of
0.03
--> A 2nd MassHedge BUY is opened now at the same 0.03 lots, and the STOPLOSS of the 1st
MassHedge is adjusted to match the last hedge trade opened.
*** This will keep going on until the price finally retraces 100 pips (Takeprofit value) at which point
ALL trades, both original against the trend SELLs, and the MassHedge BUYS all close together.
So as you can see, if you get in a trend where you are 6 or 7 trades deep, having a few Hedged trades
in there will greatly reduce the drawdown and provide much more breathing to give the price a
chance to retrace.
We are still working on optimized settings which incorporate the mass hedging, so until then use this
setting at your own discretion!!!
MassHedge- If set to TRUE, will activate the mass hedging system described below.
MassHedgeBooster- The lot multiplier used to multiply the lot sizes of the MassHedge trades only!
TradesDeep- How many trades into a trend before the MassHedging starts to try to help reduce
drawdowns if the trend continues.
The purpose of this is to start opening hedge trades when you reach a certain number of trades deep
into a trend. It comes with a setting called TradesDeep, where if set to 3 for example, it will start
hedging trades once you have 3 buy or sell orders opened against a trend. So when a 4th buy or sell
order is opened against this trend, a 2nd hedge trade will be opened with the lot size determined by the
MassHedgingBooster setting. This is a great way to reduce big drawdowns during massive trends as the
hedge trades will help keep enough margin to stay alive through bigger trends.
Example of how this works:
· PipStarter 100
· TakeProfit 100
· Booster 1.599
· MassHedging TRUE
· TradesDeep 3
· MassHedgingBooster 1.599
--> A SELL order is opened at 1.0000 at 0.01 lots
--> The price move against it to 1.0100, so a second SELL order is opened with a lot size of 0.02
--> The price moves another 100 pips against to 1.0200 and a 3rd SELL order is opened with a lot size
of 0.04
*** At this point, 3 orders against a trend have been opened, so our MassHedging starts because our
TradesDeep is set to 3
--> Now the first MassHedge trade is opened at 0.04 lots (same booster values), with no TP, but a
STOPLOSS set to match the TP of the SELL orders so they all close at the same time.
--> Price continues to move another 100 pips to 1.0300, so a 4th SELL order is opened with a lot size of
0.03
--> A 2nd MassHedge BUY is opened now at the same 0.03 lots, and the STOPLOSS of the 1st
MassHedge is adjusted to match the last hedge trade opened.
*** This will keep going on until the price finally retraces 100 pips (Takeprofit value) at which point
ALL trades, both original against the trend SELLs, and the MassHedge BUYS all close together.
So as you can see, if you get in a trend where you are 6 or 7 trades deep, having a few Hedged trades
in there will greatly reduce the drawdown and provide much more breathing to give the price a
chance to retrace.
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