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Date/Time: Mon, 29 Apr 2024 14:20:49 +0000

Post From: HEDGING AGAINST LOSING TRADES

[2022-11-22 03:57:52] Link To Thread - Link To Post [Go To First Post]
User898917 - Posts: 31
Am I right in saying that Sierra Charts does not support ‘Hedging’? For example: 1. I place a Long trade (preferably with No Stop and No Target) at Price Point 100. 2. Price goes Short by 10 Ticks, at which point I place another Long trade at Price Point 90. 3. I now have 2 Long trades, one at PP90, the other at PP100. 4. Price moves back up 10 Ticks to PP100 to break even with trade 1, and trade 2 gives 10 Ticks profit. If Sierra Charts does support this Hedging strategy, I haven't been able to work it out and I'd be grateful if you could kindly provide instructions how to set this up. Thanks Preferably No Stop & No Target: No Stop: I follow the price going against me until it reaches a point it begins to bounce back, at which point I add another Buy or Sell according to my initial trade direction. No Target: I follow both trade positions until the 2nd returns to make the 1st losing trade Break Even and makes a 10 Tick profit at that Break Even Price Point. So the Target is the Break Even Price Point of the 1st Buy/Sell order. Please view the Nick Shaw video link which shows how this hedging strategy works. https://youtu.be/hyoNlOVzFc0 Date Time Of Last Edit: 2022-11-22 04:33:27