I found another hedge strategy in forexfactory,like yours,
https://www.forexfactory.com/printthread.php?t=335072
It use renko distance to open the orders,"
Jeuro,
I run two circles simultaneously which I call POS_SET and NEG_SET. POS_SET does a B, B, S and the NEG_SET does a S, S, B - based on whether we have up or down bars.
Prof and Loss are managed completely separate from each other - works great.
KingHigh
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and
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The strategy I created is a lot different then the regular hedging strategies that most attempt with baskets. I think, no one got the point before and I got tired of trying to explain when seeking for help to work with it.
Anyway..regarding DD I have results of 12.55% max dd back testing the last 3 years. That is with a fixed lot, and exact setting for all 3 years. Profits averaged about 7.5% per month, very much equal every month.
With these stats I can set a Global loss of 20% and will do just fine if some disaster arise. 50-100 pips spikes are not a problem for the system. But 400-500 could. Not because the math fails, but because most likely I would not get orders filled by the brokers and would mess thing up out of balance
2011-2012 has a max of 5.99%
Back tests in Dukascopy jforex platform, therefore all with tick data.
J.
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Hope that helps.