I have enjoyed this method, too. I'm up 2% in 2 weeks.
go live or bust ... diary of an fx live-trader-wannabe 1,621 replies
how can I tell who has live results in FF's trade explorers? 10 replies
YOUR results with live, fully-automated EAs?? 26 replies
G/J live after good back test results 20 replies
Jake's Live Trading Results 35 replies
DislikedThere are several EAs that close all orders. I will attach my favorite.
Let me ask you, why do you close all orders just to reopen again? Doesn't that just cost you spread? Just trying to learn...Ignored
Dislikedi got 1% ($100) at ibfx... i closed all, take the profit and re open all again
so many time i see profit went from minus to 100$ back to minus and
back to 100$ again
time to sleep hereIgnored
Dislikedhi mike,
i rather to take profit by close all orders when it reached... and then start again.. and it made 1.5% at my 1st day
i use this ea to do his job
i think this system is a good idea... brilliant maybe....
and we need EA to do exactly the CTRADER methode
do you have skill at programing?Ignored
DislikedThere are countless possibilities. I tend to want to make sure the net result is that the basket is collecting interest daily since over time money will go to where it is treated best, and secondly reduce risk per currency as much as possible.
Most beginner "hedgies" for example think that being long EURUSD and USDCHF is a hedge, when in reality it is basically being long the EURCHF pair only. That is not a hedge.
While this next example is also not a hedge - it is closer to one than that. Short EURUSD and short USDCHF and long EURCHF. That is a positive swap basket that is somewhat more hedged. You are Short 1 and Long 1 of each: USD. EUR, CHF Now you can play those three as "one currency" That is still net long EURCHF but not as bad. The idea then is to come up with as many of these types of hedges in different currencies for diversification purposes. Once you have 10-20 different pairs, you trade the whole basket with the martingale as if the whole basket were just one pair. It's the most diversified "currency pair" that one could ever trade the martingale system on. If you have followed any of the martingale strategies you will see them work for a short period and then blow up that one time the one currency goes against you 500-1000 pips. The doubling up on losers in that instance is an account killer. As you can see by my demo started 3.5 months ago, I have had the USDCAD go about 1200 pips against me, yet I am up 15.5% in 3.5 months. ANY, and I mean ANY other martingale system would have blown up many times over doubling up on that one pair. That pair though is only making up 1/13 of my "most diversifed basket pair". The more pairs you add that are non-correlated, I think the safer this becomes and the more you can leverage up. Use GFT or Saxo and you can start adding crazy pairs like NOK/MXN!!! That will add some diversification. If you can get 30-50 pairs in there and find the perfect leverage, I think you can pop out 5-10% a month and give yourself a VERY low risk of blowing up.Ignored
DislikedAlso I guess I'm a little thick this week but ....how do you determine the pairs?
are you choosing the pairs that are intrest positive? and then creating the basket?Ignored