Super Trend Hedge V1 (SuperTrend Hedge V1) | Martin EA Download- MT4/MT5 Resources
Hello everyone,
[Update, I removed the hedging concept as it was too difficult to explain and confusing]
Please tell me what you think of one of my profitable live streaming systems. This system is less about perfect entries and more about proper money management.
Expected profit: 10%+ monthly
Expected loss: < 20% at any time
Indicator: Supertrend
Recommended timeframe: 4 hours or daily The system can weigh in on any timeframe, however, the larger the timeframe, the easier it is to manage manually. The intention is that I and others may create an EA based on this in the future to fit smaller time frames. If you can't view the chart every 4 hours, then daily is your option until you create an EA!
Recommended Lot Size: 0.01 (Micro) 10 cents per pip or less per day - per $250.00 - per currency (trade 20 pairs, minimum account size $5000.00). If it is 4 hours, the amount will be doubled due to the greater impact of Martingale.
Recommended pairings: Any except or any other points that don't move much in a typical week. These pairings only take up your time and energy, and the profits are slim.
Entry rules:
long
Bar closing price >= Super Trend/ATR:
then go long
As the transaction continues until:
Bar closing price <= SUPERTREND/ATR
Captain Mattingale <br> If a trade moves against you as per the chart above, then your next entry in that direction will be multiplied by 1.5 (which is what I use). Here are the levels with a multiplier of 1.5:
L1: 0.01 lots (first long trade ends in loss) (0.10 cents per point)
L2: 0.02 lots (second long trade ends in loss) (0.20 cents per point)
L3: 0.03 lots (30 cents per pip)
L4: 0.05 lots (50 cents per pip)
L5: 0.08 lots (80 cents per pip)
L6: 0.12 lots ($1.20 per pip)
L7: 0.18 lots ($1.80 per pip)
L8: 0.27 lots ($2.70 per point)
L9: 0.41 lots ($4.10 per point)
L10: 0.62 lots ($6.20 per pip)
L11: 0.93 lots ($9.30 per pip)
L12: 1.4 lots ($14 per point)
If the multiplier trade is profitable , you will use all but one lot to cover your losses.
For example (see picture below):
L1 -- Hedge S1 = -68 points (0.01 lot per point)
Multiplier moves next long entry to 0.02 lots Price retracement to close two trades at BE
L2 -- Hedge S2 = Loss of 19 points X 2 = -38 points (0.02 points per lot)
Multiplier moves next long entry to 0.03 lots Price retracement to close two trades at BE
L3 -- Hedge S3 = Loss of 39 points X 3 = -107 points (0.03 points per lot)
The next long entry multiplier will move to 0.05 lots on price retracement to close two trades at BE
L4 -- Hedge S4 = Loss of 70 points X 5 = -350 points (0.05 points per lot)
Multiplier moves next long entry to 0.08 lots Price retracement to close two trades at BE
Total points "lost" before winning trade = 563 (0.10 cents per lot = 56.30 cents)
We now have to restore 563 pips with the current total lot size 0.08 - .01 (starting lot size) = 0.07 - we are saving 0.01 to "Run" in the current trade
563 points/7 = 81 points
Once L5 reaches 81 pips profit (excluding spread for convenience) then you are on a draw and you will close 0.07 lots and maintain the last lot size until the ATR cross is reached. If this .01 loses, then the next step is .02, and so on.
L5 -- Earn 183 points
Currency summary:
183 pips = $18.30
ROI = 3.66% (500.00 accounts per currency)
Drawdown = 11.26%
Time frame = 7/22/10 - 8/9/10 = approximately 12 trading days
You'll do the exact same thing, except in the opposite direction of the above process. The benefit of this technique is that you can get trends in both directions while minimizing losses that you may recover at some point in the future. The martingale multiplier is strictly separate from long and short positions! If you are in L3 on the long side, you are probably in S1 on the short side, they do not share the multiplier!
There is money to be made with this technique, the only challenge is that you have to manage your trades properly by tracking them! Please provide any comments or suggestions you may have. I've tried variations of this and believe this is the best so far, but would love to see other input!
Broker Notes
The concept is to implement a martingale method of recovering bad entries through hedging while letting your winners ride! If you choose to hedge within the same account, this requires the broker to allow hedging. This can be done at a non-hedging broker, but a separate account is required, and you have to figure out which currency pairs to put in each account to compensate by creating a multi-account hedge. I'm using Forex.com for my broker's UK account but certainly don't recommend them.
Common sense <br> Also, please use common sense. If you believe wholeheartedly that entries are only long, then only take the long ones! If you believe there is going to be a huge pullback, then do what is good for you if you choose. I just created this because I thought it was going to pull back and go up another 200 points!
[Update, I removed the hedging concept as it was too difficult to explain and confusing]
Please tell me what you think of one of my profitable live streaming systems. This system is less about perfect entries and more about proper money management.
Expected profit: 10%+ monthly
Expected loss: < 20% at any time
Indicator: Supertrend
Recommended timeframe: 4 hours or daily The system can weigh in on any timeframe, however, the larger the timeframe, the easier it is to manage manually. The intention is that I and others may create an EA based on this in the future to fit smaller time frames. If you can't view the chart every 4 hours, then daily is your option until you create an EA!
Recommended Lot Size: 0.01 (Micro) 10 cents per pip or less per day - per $250.00 - per currency (trade 20 pairs, minimum account size $5000.00). If it is 4 hours, the amount will be doubled due to the greater impact of Martingale.
Recommended pairings: Any except or any other points that don't move much in a typical week. These pairings only take up your time and energy, and the profits are slim.
Entry rules:
long
Bar closing price >= Super Trend/ATR:
then go long
This entry identifies itself by the super trend of changing colors from red/green
As the transaction continues until:
Bar closing price <= SUPERTREND/ATR
If the price of 0.01 lots is profitable, exit the transaction
Captain Mattingale <br> If a trade moves against you as per the chart above, then your next entry in that direction will be multiplied by 1.5 (which is what I use). Here are the levels with a multiplier of 1.5:
L1: 0.01 lots (first long trade ends in loss) (0.10 cents per point)
L2: 0.02 lots (second long trade ends in loss) (0.20 cents per point)
L3: 0.03 lots (30 cents per pip)
L4: 0.05 lots (50 cents per pip)
L5: 0.08 lots (80 cents per pip)
L6: 0.12 lots ($1.20 per pip)
L7: 0.18 lots ($1.80 per pip)
L8: 0.27 lots ($2.70 per point)
L9: 0.41 lots ($4.10 per point)
L10: 0.62 lots ($6.20 per pip)
L11: 0.93 lots ($9.30 per pip)
L12: 1.4 lots ($14 per point)
If the multiplier trade is profitable , you will use all but one lot to cover your losses.
For example (see picture below):
L1 -- Hedge S1 = -68 points (0.01 lot per point)
Multiplier moves next long entry to 0.02 lots Price retracement to close two trades at BE
L2 -- Hedge S2 = Loss of 19 points X 2 = -38 points (0.02 points per lot)
Multiplier moves next long entry to 0.03 lots Price retracement to close two trades at BE
L3 -- Hedge S3 = Loss of 39 points X 3 = -107 points (0.03 points per lot)
The next long entry multiplier will move to 0.05 lots on price retracement to close two trades at BE
L4 -- Hedge S4 = Loss of 70 points X 5 = -350 points (0.05 points per lot)
Multiplier moves next long entry to 0.08 lots Price retracement to close two trades at BE
Total points "lost" before winning trade = 563 (0.10 cents per lot = 56.30 cents)
We now have to restore 563 pips with the current total lot size 0.08 - .01 (starting lot size) = 0.07 - we are saving 0.01 to "Run" in the current trade
563 points/7 = 81 points
Once L5 reaches 81 pips profit (excluding spread for convenience) then you are on a draw and you will close 0.07 lots and maintain the last lot size until the ATR cross is reached. If this .01 loses, then the next step is .02, and so on.
L5 -- Earn 183 points
Currency summary:
183 pips = $18.30
ROI = 3.66% (500.00 accounts per currency)
Drawdown = 11.26%
Time frame = 7/22/10 - 8/9/10 = approximately 12 trading days
You'll do the exact same thing, except in the opposite direction of the above process. The benefit of this technique is that you can get trends in both directions while minimizing losses that you may recover at some point in the future. The martingale multiplier is strictly separate from long and short positions! If you are in L3 on the long side, you are probably in S1 on the short side, they do not share the multiplier!
There is money to be made with this technique, the only challenge is that you have to manage your trades properly by tracking them! Please provide any comments or suggestions you may have. I've tried variations of this and believe this is the best so far, but would love to see other input!
Broker Notes
The concept is to implement a martingale method of recovering bad entries through hedging while letting your winners ride! If you choose to hedge within the same account, this requires the broker to allow hedging. This can be done at a non-hedging broker, but a separate account is required, and you have to figure out which currency pairs to put in each account to compensate by creating a multi-account hedge. I'm using Forex.com for my broker's UK account but certainly don't recommend them.
Common sense <br> Also, please use common sense. If you believe wholeheartedly that entries are only long, then only take the long ones! If you believe there is going to be a huge pullback, then do what is good for you if you choose. I just created this because I thought it was going to pull back and go up another 200 points!
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