Dislikedthanks thorn.
oanda has these spreads
eurcad 5 pips
euraud 4
audcad 4Ignored
Edit: just got my mt4 up and running, looks like spreads are same on both mt4 and fxtrade. And the three you quoted are already lower.
Jag's Phantom 6 System 295 replies
Phantom 6 - Manual System 8 replies
Phantom Entry on ODL Japan. 2 replies
Tradeview CAD/JPY "Phantom" spike 0 replies
Phantom high, phantom low 0 replies
Dislikedthanks thorn.
oanda has these spreads
eurcad 5 pips
euraud 4
audcad 4Ignored
DislikedSomething I noticed with the Phantom series of EA's.
They are designed to open the same number of lots in each pair, e.g. 0.25, regardless of the value of each trade.
I thought the idea was that if you had exactly one trade open in each pair then you should have a full synthetic hedge, i.e. nothing going anywhere regardless of market movement.
But with one lot of each pair, you won't get that; you need to adjust.
Hypothetical example.
Suppose you had one lot of EURUSD and one lot of the (non-existent) USDEUR. Do those balance? No, because...Ignored
DislikedThorn,
I understand the correlation aspect, but the ea itself picks the biggest winner of the three pairs on each side of the hedge. In a sense your picking three correlleated pairs (on the buy and sell side) to ensure a good basket ; but yet the pairs also have to be somewhat positive correlated within the group.? is that accurate.Ignored
DislikedSomething I noticed .....
cription of a synthetic hedge
More importantly I believe is the fact we only trade the biggest winner from each hour and as we will have all seen that means we very rarely get equal numbers of open positions in each pair / supposed correlated pairsIgnored
QuoteDislikedSo even if the respective $ values of each pair within the synthetic hedge are true hedged amounts it would suggest this is totally irrelevent within the basket we are actually trading as it will at no time be a true hedge in any event
Dislikedthorn:
what's the link to oanda's new mt4? I can't find it on their websiteIgnored
DislikedThere are plenty of coders up to the challenge. However, programmers like detailed requirements. Supply details and you will probably get some interest.Ignored
DislikedWithin the buy group or sell group, no they dont have to be correlated. Now they may be somewhat (eur/cad and eur/gbp in buy group), if euro is strong then both will probably being going up. What Im trying to do is counter balance any long trades with a short pair that moves the same direction as the long pair. And vice versa. I think the whole concept of the phantoms is to wait for a certain pair or two to make a big move and thats when you get your profit. when none of your pairs make any good moves thats when you get stuck with those 3-4 day...Ignored
DislikedHi,
As requested here are some details: -
1) Keep Phantom Trades concept as it stands though if necessary substituting pairs on either the buy side or the sell side.
[font=Times New Roman]2) [size=3]Construct one synthetically hedged sub-basket (Basket A) consisting of Buy E/J, Sell U/J and Sell E/U. At each 00 or 15, or 30 (at user’s option) past the hour trade the pair or pairs...Ignored
DislikedThis is built on top of Phantom6_01X with TH, ST, CLM features.
I have Basket A and Basket B with symbols externalized....................
Ignored
DislikedThanks Roundrock.
This is great.
I have downloaded and will start testing. Will start tomorrow with first phantom set for 8.15GMT.
Acc. Size = 1140,
Margin 100:1
MMTU 2.1 for both,
PP of 0.8
Recovery PCT= 10%
Trade Count for Recovery= 5
Recovery Lot Ratio = 1.1
Phantom reset = 8Hrs
I will manually set Stop after no Trades to True after 3PM GMT
CLT = False
I will keep the tread posted on forward demo results.Ignored
DislikedHi,
As requested here are some details: -
[font=Times New Roman]1)...Ignored