Roll-off is mind-blowing. Gradually offsetting the losses by winning trades is not as high risk as martingale hedge but also replaces the traditional stop loss order which may often stop you out. Thanks for introducing this concept.
Interesting that you bring up the roll-off - I've been using a version of this for some time to keep putting realised profits in my pocket while shrinking the losing position down, hardly see anyone taking advantage. Been a game-changer for me.
Hi Hugh, I ам looking for more information exactly about hedging. I found your videos very helpful. I like to hedge, I have success sometimes, but sometimes everything can get very messy if we open too many orders. Right now I have a specific situation with the EUR/USD. I placed 2 short orders 0.04 lots each last week 1.0726 and 1.0772. I managed to have again long on and short profitable positions and gained almost 5% this week. The sentiment was that the price would probably go south again and retest the 1.07 area. This is why I decided to leave my short positions open. However, on Friday the price moved below 1.08 after the news and got back above the area. Now my question is how properly I can manage this situation. My account is enough to wait another week and even if the price goes to 1.09 or 1.10 I will be still fine, but not happy :) I can open at least 4-6 orders with the same lot size for now. I saw the option for partial close in your video which seems like a very good idea in my case to start closing 0.1 or 0.2 lots from my losing trades while I am collecting some profits from my other trades. I know the question is pretty specific. Any advice would be appreciated.
Hi, thanks for watching. It's up to you to figure out what works for you and what doesn't. I can give some general ideas and strategies in these videos, but you have to find out how you want to approach hedging. The best way to do this is to use a simulator so you can get a lot of practice in a short amount of time: ruclips.net/video/WyoRDvScCiM/видео.html
I still got one question, means when you are bias to one direction, the lot number on the second order at the same direction has to be at least X2 the original lot count. Say you enter 0.01 for long but eventually it goes down then you will have to enter at least 0.02 in order to close the gap between the Long and the short, the space between the long and short still empty and not filled by any of our order. Considering we open the position after we fond out we are wrong not at the same time when we place both ways at same point. How do we tackle this?
Awesome video! I do want to question about the misconception.. In your example you just use the fixed buy and sell button of the software.. But if you have a P/L order with RR 2:1 it could work fine.. Since if both entries get triggered and price goes one direction, you lose the losing trade, but the other trade could still result 1:1 RR profit.. o.0.. I do like the idea of your wild hedging theory, but for many peeps having no stop loss can get messy very quick, especially since your examples do not show any solid strategy backup for entries, just wild firing the market as it goes..
I am trying on my phone on demo account...its protect the money but is like scalping ...not much profit...i just wanted to ask what is the best options we can trade on our phones... Thank you!
HI Hugh, Just wanted to understand based on your past experience, is Gold XAUUSD Pair suitable for Hedging ? ( partial close and roll off method,) ? . Kindly advise .I tried to backtest the strategy but it does not go well, due to its high movement in one direction.
hey do you use it ? im testing it right now but i have 1 problem when i add buy position then i set sell order at buy position SL then if price goes up and buy position in break even and sell position in for example -10$ loss do you close this ?
@secretsmile9219 my method is a bit hybrid. I use multiple orders which close at loss than open simultaneously. So there is always multiple orders open
Hello Hugh I am from Indonesia. Just wondering how high USD can strengthen against IDR. Do you have any view? Why is it strengthen so much recently? Thanks Hugh
Hi, I don't know and nobody outside of maybe a handful of people in the world know why currencies move. I just trade the price action, I don't need to know the reasons. Hope you're doing well.
Interesting strategy. Curious, though, what if your broker doesn't allow you to change lot sizes during a trade? Didn't even know you could do that since MT4/5 doesn't allow it...
Does this mean taking partial profit on the losing position? If yes, then you can bypass it by taking two buy positions, one being ready to be closed. Essentially the same as partial by changing lot size.
I'm in a bad spot on a trade. An EA martinagaled me into 12 lots and I'm down a bunch. Very hopeful it bounces and goes back up when markets open again in 2 days but I'm afraid of it dropping a lot more and losing my ass. Should I do a sell stop of the same size below a recent support? Just so I can stop the bleeding? I desperately want to scale out of this trade.
Thanks for this video. This is a very useful video as beginners like me can help from such details a lot. I will share this with my partner as well. Let me try this for my Market101 account.
Thanks for your time and your support to the community great video information thanks 😊 for your help ❤ plus please don't stop helping 👍 the community 🙏
Roll-off is mind-blowing. Gradually offsetting the losses by winning trades is not as high risk as martingale hedge but also replaces the traditional stop loss order which may often stop you out. Thanks for introducing this concept.
Glad it opened your mind.
Interesting that you bring up the roll-off - I've been using a version of this for some time to keep putting realised profits in my pocket while shrinking the losing position down, hardly see anyone taking advantage. Been a game-changer for me.
Best kept secret in Forex 😀
Explained in simple terms and easy to understand. The best hedging video I have watched ! Great content .
Thanks, glad it was easy to understand.
Hi Hugh, could you do a full video on the roll off please?
hi. how to you replay your trades?
Hi, in my journal.
@@TradingHeroes is that available in mt5?
No, it's separate. You can click and drag your closed trades onto the chart in MT5. That will show you what you did.
Hi Hugh, I ам looking for more information exactly about hedging. I found your videos very helpful. I like to hedge, I have success sometimes, but sometimes everything can get very messy if we open too many orders. Right now I have a specific situation with the EUR/USD.
I placed 2 short orders 0.04 lots each last week 1.0726 and 1.0772. I managed to have again long on and short profitable positions and gained almost 5% this week. The sentiment was that the price would probably go south again and retest the 1.07 area. This is why I decided to leave my short positions open. However, on Friday the price moved below 1.08 after the news and got back above the area.
Now my question is how properly I can manage this situation. My account is enough to wait another week and even if the price goes to 1.09 or 1.10 I will be still fine, but not happy :)
I can open at least 4-6 orders with the same lot size for now.
I saw the option for partial close in your video which seems like a very good idea in my case to start closing 0.1 or 0.2 lots from my losing trades while I am collecting some profits from my other trades.
I know the question is pretty specific. Any advice would be appreciated.
Hi, thanks for watching. It's up to you to figure out what works for you and what doesn't. I can give some general ideas and strategies in these videos, but you have to find out how you want to approach hedging.
The best way to do this is to use a simulator so you can get a lot of practice in a short amount of time: ruclips.net/video/WyoRDvScCiM/видео.html
Im learning a lot. May i know what trading platform are you using?
Happy to hear it! I'm using NakedMarkets: ruclips.net/p/PLOn0-_K-aYvSv8500LWnhH1ohMKp1iVA0
Thank you so much. Your technique is similar my trading style. Great information🌷🙏🏻
Happy to hear it!
Thanks for great explanation and pdf ,you have new subscriber 💪👊🙏
Thanks and welcome
I still got one question, means when you are bias to one direction, the lot number on the second order at the same direction has to be at least X2 the original lot count. Say you enter 0.01 for long but eventually it goes down then you will have to enter at least 0.02 in order to close the gap between the Long and the short, the space between the long and short still empty and not filled by any of our order. Considering we open the position after we fond out we are wrong not at the same time when we place both ways at same point. How do we tackle this?
Awesome video! I do want to question about the misconception.. In your example you just use the fixed buy and sell button of the software.. But if you have a P/L order with RR 2:1 it could work fine.. Since if both entries get triggered and price goes one direction, you lose the losing trade, but the other trade could still result 1:1 RR profit.. o.0.. I do like the idea of your wild hedging theory, but for many peeps having no stop loss can get messy very quick, especially since your examples do not show any solid strategy backup for entries, just wild firing the market as it goes..
I am trying on my phone on demo account...its protect the money but is like scalping ...not much profit...i just wanted to ask what is the best options we can trade on our phones... Thank you!
Yes, phone trading is technically possible, but it's better to use the desktop version of trading software because you can see more of the chart.
Can you do hedging in prop firm challenges?
Depends on the prop firm. Most I've seen allow it.
Isnt this pretty much the same as closing out your trade at SL, then taking a new entry above/below and realizing the profits from that entry?...
No, you can potentially make money in both directions with a hedge.
Really great buddy. Thanks for all these information.
You're welcome!
HI Hugh, Just wanted to understand based on your past experience, is Gold XAUUSD Pair suitable for Hedging ? ( partial close and roll off method,) ? . Kindly advise .I tried to backtest the strategy but it does not go well, due to its high movement in one direction.
Hi, gold is not good because the swap is too high. See what I mean here: ruclips.net/video/YzwOpLF6o2o/видео.html
Roll off works but it requires some experience. Nice vid!
Totally, thanks!
hey do you use it ? im testing it right now but i have 1 problem when i add buy position then i set sell order at buy position SL
then if price goes up and buy position in break even and sell position in for example -10$ loss do you close this ?
Watch my webinar series for ideas: www.tradingheroes.com/hedging-webinar-join/
@secretsmile9219 my method is a bit hybrid. I use multiple orders which close at loss than open simultaneously. So there is always multiple orders open
As for your -10 you close it yes because your other position will offset it
Hello Hugh
I am from Indonesia. Just wondering how high USD can strengthen against IDR. Do you have any view? Why is it strengthen so much recently? Thanks Hugh
Hi, I don't know and nobody outside of maybe a handful of people in the world know why currencies move. I just trade the price action, I don't need to know the reasons. Hope you're doing well.
Hi, very interesting, where is the PDF download please? Thanks
In the description
You are the hero Sir, thank you for this video, God bless you more!
👼
Glad it helped
Hi what platform r u using - can you hedge on forex itself
Hi, watch my playlist for more details: ruclips.net/video/anRGAPHpzro/видео.html
Hi Hugh, Do you make 5% a week with your drawdown still running? or is it after going flat?
Hi, after going flat.
Thanks
You're welcome!
Nice master ...❤❤❤❤❤
Thanks!
Interesting strategy. Curious, though, what if your broker doesn't allow you to change lot sizes during a trade? Didn't even know you could do that since MT4/5 doesn't allow it...
You can change lot sizes. If your broker doesn't allow it then change brokers.
Does this mean taking partial profit on the losing position?
If yes, then you can bypass it by taking two buy positions, one being ready to be closed. Essentially the same as partial by changing lot size.
How to reduce the 1/2 loss?
Find another trading opportunity.
I'm in a bad spot on a trade. An EA martinagaled me into 12 lots and I'm down a bunch. Very hopeful it bounces and goes back up when markets open again in 2 days but I'm afraid of it dropping a lot more and losing my ass.
Should I do a sell stop of the same size below a recent support? Just so I can stop the bleeding? I desperately want to scale out of this trade.
I don't give advice on specific positions, you need to have a plan going in.
Mate if you have an EA running a martingale system you deserve to blow up your account. Pure stupidity
You would think doing this could easily make u 3-4% a day right?
No
3-4% monthly, I'd say. More realistic
Thanks for this video. This is a very useful video as beginners like me can help from such details a lot. I will share this with my partner as well. Let me try this for my Market101 account.
Glad it helped.
thanks a lot
You're welcome!
Can I get your help ASAP?
Nope, you gotta have a plan going in. Once you're in the trades, it's too late.
I don't think the brokers allow you to buy and sell simultaneously
only in futures you can't.
Of course they do, you just have to find the right broker.
Not true, you can in futures, but it's not as efficient as Forex.
You can definitely hedge futures. Sell/Buy simultaneously. Have 2 accounts 🤷🏻♂️
Thanks for your time and your support to the community great video information thanks 😊 for your help ❤ plus please don't stop helping 👍 the community 🙏
You're welcome, thanks for watching!