I do not know all of the reasons that a trader would want to hedge a forex position. One reason would be to follow the method presented by pipEASY in his thread "Building an equity millipede," on this forum.
http://www.forexfactory.com/showpost...77&postcount=1
pipEASY is Australian so has no problem maintaining a hedgeable forex account. For US citizens it is a problem. We can use sub accounts and be held for double margin or use an unrigistered broker. CitiFx claims to have a platform that allows hedging but I am not sure of the details and would like to stay with my current broker.
I would like to have a frontend or some other system linked to my account that would show all of my positions long and short in the same pair. Because of the NFA regulation these positions would be netted out in my actual account but I would be able to easily keep track of them with a specially designed platform.
Failing that, I have considered using a spread sheet to keep track. I have attached an example spreadsheet. changing the euro
quote will recalculate the open p/l.
There is a explanation here of what I am trying to do. (the trades in the explanation do not match the example trades in the spreadsheet.)
http://www.forexfactory.com/showpost...postcount=3850
I would appreciate any comment from others who have any ideas as to how to accomplish this task.
Archie
http://www.forexfactory.com/showpost...77&postcount=1
pipEASY is Australian so has no problem maintaining a hedgeable forex account. For US citizens it is a problem. We can use sub accounts and be held for double margin or use an unrigistered broker. CitiFx claims to have a platform that allows hedging but I am not sure of the details and would like to stay with my current broker.
I would like to have a frontend or some other system linked to my account that would show all of my positions long and short in the same pair. Because of the NFA regulation these positions would be netted out in my actual account but I would be able to easily keep track of them with a specially designed platform.
Failing that, I have considered using a spread sheet to keep track. I have attached an example spreadsheet. changing the euro
quote will recalculate the open p/l.
There is a explanation here of what I am trying to do. (the trades in the explanation do not match the example trades in the spreadsheet.)
http://www.forexfactory.com/showpost...postcount=3850
I would appreciate any comment from others who have any ideas as to how to accomplish this task.
Archie
Attached File(s)
euro millipede.xls
84 KB
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