Hedge Padding

[dan...@danielalexander.info]

 

Can someone, perhaps Mark or Rick, tell me which parameters hedge padding modifies?

 

Does it modify the HedgeOuterChannelPeriod (so that you only enter a breakout trade at xbars in the past + the padding), AND the BreakoutHedgeChannelPeriod (so that you trail by xbars in the past + the padding)?

 

I now realise on my live platform that padding DOES work, but an entry of 5 only translates to 0.5 pips, so initially I did not pick up that it was working.

 

Best regards

Daniel

[Mark Suddens]

HI Daniel

It is supposed to modify the Breakout Hedge entry only, not the exit.

So price must achieve HedgeOuterChannelPeriod +or- Padding (pips) for a breakout hedge to be entered.

As far as I know Rick has not modified it.... Also it should be in pips not 1/10 of pips

Still working on modified settings - will share soon

 

Cheers Mark

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From: "dan...@danielalexander.info" <dan...@danielalexander.info>
To: margrids-b...@googlegroups.com
Sent: Monday, 12 August 2013 9:43 PM
Subject: [margrids-battle-chest] Hedge Padding

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[dan...@danielalexander.info]

 

Thanks Mark.

 

Some brokers seem to pick up MBC settings differently from other brokers; I think for example we have identified that some pick up decimal TPs while others just round up to the nearest whole pip. I need a 10 pip entry pad this week, so for now I am setting this to 100, but will keep a close eye on it.

 

Looking forward to your new settings,

Daniel

[EOGORFX]

I think this forum post  is worth a read in the context of our efforts here to find a way to trade MBC safely.

http://www.forexfactory.com/showthread.php?t=109589&page=69

Even though it refers to the mGrid http://www.forexfactory.com/attachment.php?attachmentid=157567&d=1224015073

Which has been called a mattingale on steroids!

It sets Buy Stop and Sell Stop orders in front of the price action to 3 levels (default) and when an order is filled it modifies the lot size*3 on the opposite side to cover a reversal.

It’s an interesting concept but it is deadly in a ranging market –just like the AM mode in MBC.

 

Ed

[stuart ogiliev]

hi Daniel,

been following this EA closely, but I have deleted my last page of Gmail's by mistake, is it possible Daniel to send over the last few emails please

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