The strategy is pretty simple i go long on spot market i.e: Gbp/Usd, and i go short on futures i.e: 6B.. The ratio is 1lot for G/U and 1.6 for 6B. I try to utilize 10% of my margin by opening both positions, if the pip differential is on loss of something like 2% of the account, i open another 10% positions, i'll keep doing this as long as pip differential is in profit or/and the swap is higher than the loss i'm taking in pips... I have no right rules to get out of my positions, but i usually get out when it reaches 1~2%, and imidiately open new positions. I'm always in the market, and when it's wednesday i try to open more positions because of the triple swap.
I trade futures on Globex, the broker i'm using is WHC Trader, but you can use any broker you want..
I created the thread to see if anyone have any idea how to improve, or if anyone could write an indicator to measure the max drawdown the account had and the biggest profit, cause we can't stay looking at the screen 24/7 right? And this indicator would tell us the best way of open new positions and when to get out.
Regards,
Bruno
I trade futures on Globex, the broker i'm using is WHC Trader, but you can use any broker you want..
I created the thread to see if anyone have any idea how to improve, or if anyone could write an indicator to measure the max drawdown the account had and the biggest profit, cause we can't stay looking at the screen 24/7 right? And this indicator would tell us the best way of open new positions and when to get out.
Regards,
Bruno
No Brain, no Gain.