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Hedge trading spieler system derived from futures spread trading

  • #2,001
  • Oct 10, 2008 9:16am Oct 10, 2008 9:16am
Quoting vorschlag
excuse my newbie question. why they like this strategy?
You are doing many trades . I have made 3 trades today and that is 6 x spread into the brokers pocket. You are also taking little risk which means you will be customer for a longer time.
There are no certainties only oppurtunities.
  • #2,002
  • Oct 10, 2008 10:07am Oct 10, 2008 10:07am
Hi everyone,

I have been trading the Cross EUR/CHF instead of the usual Hedge (EUR/USD USD/CHF) and I tend to like it better.

I know all the things you taught us spieler about the advantage of the hedge over the cross.

The good thing I found about trading the Cross directly, is that i can use the stops and takeprofit just as in a normal trade.

It makes my trading easier and decrease my 'screen time'...

Well I know once everything is back to normal will have our swap rates back and we will go back to our old Hedge...

BD
  • #2,003
  • Oct 12, 2008 5:26am Oct 12, 2008 5:26am
Yes, I'm letting it do trades automatically, and most often I get more than one trade each day. Unfortunately the EA does not seem to work on IBFX, but works on FXDD without any errors so far.

Would be nice to hear if you have any success with the EA.

Quoting redart007
Archie,

Are you letting it put trades on Automatically? I'd be interested know how you are using it successfully, thanks.

Red
  • #2,004
  • Edited 6:01pm Oct 12, 2008 5:36am | Edited 6:01pm
I wonder if anyone could help me with some adjustments in the last EA. I have tried version 2.8 with great success on FXDD. but it does not seem to work on IBFX. It also does not work on live accounts.

Could anyone help me with this or guide me to anyone who was developing the EA from the beginning.
  • #2,005
  • Oct 12, 2008 3:15pm Oct 12, 2008 3:15pm
Hey BD,

Please can you explain what you doing with the cross?

Ta

Red

Quoting boeingdriver
Hi everyone,

I have been trading the Cross EUR/CHF instead of the usual Hedge (EUR/USD USD/CHF) and I tend to like it better.

I know all the things you taught us spieler about the advantage of the hedge over the cross.

The good thing I found about trading the Cross directly, is that i can use the stops and takeprofit just as in a normal trade.

It makes my trading easier and decrease my 'screen time'...

Well I know once everything is back to normal will have our swap rates back and we will go back to our old Hedge...

BD
  • #2,006
  • Edited 5:49pm Oct 12, 2008 5:22pm | Edited 5:49pm
1.5370 now i close my first lot taken at 157.20 with a loss of 350 pips but globally this trade is + because i worked the position and generated more than 500pips profit. so close to 150 pips profit .
So one more profitable trade and i am very happy with this one because i have never see such a high and crazy volatility and i could manage the trade without suffering too much .
  • #2,007
  • Oct 13, 2008 1:42am Oct 13, 2008 1:42am
1.5486 now i should have better not open my computer on sunday night .

But that s ok it was a + trade anyway.
  • #2,008
  • Oct 13, 2008 2:09am Oct 13, 2008 2:09am

I read the thread several times and now I think I am in confusion! Spieler has always said to take into account where the previous days price closed in relation to our entry... Now i read that for all +/- 1.0% and 2.0% entries or re-entries we don't wait for an intraday move nor we take the close imto consideration but we simply enter 1.0%/2.0% from the last entry point/exit... also i have never understood if for my first entry (when i beginning to build the trade!!!) i must take into account the day open or the previous days price closed (to semplify i deliberately do not take into accoumt the speed)
Now I beg you not to become angry and to clarify these points if this is possible, I believe that a table that clarifies the rules (beginning from the first day when we begin to build the trade) could be of a great help for everyone!!!
I would also like to know if this (about the reference) is correct:
When we open a position, that day's openning price is the reference point for that trade until you close out the trade completely. So if it goes over a new day(s) you alway calculate the divergence from day 1's openning price.

example:

day 1 ends with -0.45%; you are long at -0.25%
day 2 current div is +0.15; you are still long at -0.25% but actual div. for your trade is -0.30% (-0.45 +0.15).
day 2 ends with +0.30%; you are still long at -0.25% but actual div. for your trade is -0.15% (-045 +0.30).
day 3 current div is -0.25%; you are still long at -0.25% (original trade) but actual div for your trade is -0.40% (-0.45 +0.30 -0.25)
day 3 div goes to -0.37%; you are still long at -0.25% (original trade) but actual div for your trade is -0.52% (-0.45 +0.30 -0.37). Per the rules you would now go long another trade.

I hope that spieler or whoever has the clear ideas can help me and I believe a lot of other people to not to make errors applying this system... exscuse me for my english, also for this i beg you to help me and to be clearest possible!!!
thanks to all, the best regards...


  • #2,009
  • Oct 13, 2008 7:57am Oct 13, 2008 7:57am
Archie,

The EA was developed by Swingman - see post 1259 when it was last posted.

Quoting Archie
I wonder if anyone could help me with some adjustments in the last EA. I have tried version 2.8 with great success on FXDD. but it does not seem to work on IBFX. It also does not work on live accounts.

Could anyone help me with this or guide me to anyone who was developing the EA from the beginning.
  • #2,010
  • Oct 13, 2008 8:15am Oct 13, 2008 8:15am
Quoting Archie
I wonder if anyone could help me with some adjustments in the last EA. I have tried version 2.8 with great success on FXDD. but it does not seem to work on IBFX. It also does not work on live accounts.

Could anyone help me with this or guide me to anyone who was developing the EA from the beginning.
Sinds last week, I am testing the EA (version= SpielersHedge EA_v2.8.1) on IBFX without any problem. My settings are:

extern string Symbols = "EURUSD,USDCHF,EURCHF";
extern string SymbolSuffix = "";
extern int MagicNumber = 0;
extern bool Autom_OpenOrders = true;
extern bool Autom_CloseOrders = true;
extern int ShiftDays_ForReference = 1;
extern double DivergenceLimit1 = 0.25;
extern double DivergenceLimit2 = 0.50;
extern double DivergenceLimit3 = 0.75;
extern double DivergenceLimit4 = 1.00;
extern int TakeProfit_Pips = 20;
extern int StopLoss_Pips = 0;
extern double Lots = 0.10;
extern double LotsRatio = 0;
extern int Max_LevelsToTrade = 4;
extern bool Send_Alert = true;
extern bool Send_Mail = false;
extern bool Play_Sound = true;
extern string only_demo_accounts = "";
extern int shiftPosition_Divergence = 5;
extern int fontSize_Divergence = 35;
extern int fontSize_Text = 10;
  • #2,011
  • Oct 13, 2008 12:47pm Oct 13, 2008 12:47pm
Hi,

Thanks for your answer, but the problems still remain, after some more attempts. The error message says "symbol name for ordersend function must be a string" and "symbol name for marketinfo function must be a string"

It works fine on FXDD though. I have no idea what the problem could be.


Quoting mazdak
Sinds last week, I am testing the EA (version= SpielersHedge EA_v2.8.1) on IBFX without any problem. My settings are:

extern string Symbols = "EURUSD,USDCHF,EURCHF";
extern string SymbolSuffix = "";
extern int MagicNumber = 0;
extern bool Autom_OpenOrders = true;
extern bool Autom_CloseOrders = true;
extern int ShiftDays_ForReference = 1;
extern double DivergenceLimit1 = 0.25;
extern double DivergenceLimit2 = 0.50;
extern double DivergenceLimit3 = 0.75;
extern double DivergenceLimit4 = 1.00;
extern int TakeProfit_Pips = 20;
extern int StopLoss_Pips = 0;
extern double Lots = 0.10;
extern double LotsRatio = 0;
extern int Max_LevelsToTrade = 4;
extern bool Send_Alert = true;
extern bool Send_Mail = false;
extern bool Play_Sound = true;
extern string only_demo_accounts = "";
extern int shiftPosition_Divergence = 5;
extern int fontSize_Divergence = 35;
extern int fontSize_Text = 10;
  • #2,012
  • Oct 13, 2008 12:57pm Oct 13, 2008 12:57pm
Archie,

If you post your setting, I or someone else might be able to trace the problem. Just an idea...
  • #2,013
  • Oct 13, 2008 1:02pm Oct 13, 2008 1:02pm
I used exactly the same settings as you posted in the previous post, but didn't get it to work at first, but then I noticed that the EA requires a suffix on an IBFX mini-account, so I put a simple "m" in the EA and then it worked.

But how to get it to work on live accounts?


Quoting mazdak
Archie,

If you post your setting, I or someone else might be able to trace the problem. Just an idea...
  • #2,014
  • Oct 13, 2008 10:45pm Oct 13, 2008 10:45pm
REDART007:

Well as you know redart007, with this strategy we are trading an hedge of EUR/USD and USD/CHF in a way that we are dollar neutral.

Spieler explained us all the advantages of trading this hedge instead of trading directly EUR/CHF ('the cross'). Among these advantages we had the fact that in a long position we were collecting a swap...

But since few days these swaps rates have been changed by most brokers, so spielers started trading the cross instead of the hedge, so it is what i am trying too...

Example?

at 0,5% decorelation I am selling EUR/CHF and wait for a recoleration toward 0,25% to close my position... instead of selling 1.5 lot of USD/CHF and 1 lot of EUR/USD and closing at the same place...

I hope it helps,
BD
  • #2,015
  • Oct 14, 2008 1:42am Oct 14, 2008 1:42am
Hi all

I need someone to help and guide me for my one position which is hedged also. I have 100k audcad short at 7400 and hedged long at 8100. Any advice on when to close which and to come out of this position.

Thanks in advance

Balaji
  • #2,016
  • Edited 9:50am Oct 14, 2008 2:29am | Edited 9:50am
Quoting Archie
I used exactly the same settings as you posted in the previous post, but didn't get it to work at first, but then I noticed that the EA requires a suffix on an IBFX mini-account, so I put a simple "m" in the EA and then it worked.

But how to get it to work on live accounts?

I see these codes in lines 197 til 200 of v2.8.1 version. My guess is that if you remove these lines, It should work on a live account. However, after removing these lines you should test the EA first on your demo account making sure everthing works normaly and nothing dramatic happens!

if (IsDemo() == false) {
Alert(sNameEA + ". Only demo accounts allowed.");
result = false;
}
  • #2,017
  • Oct 14, 2008 6:00am Oct 14, 2008 6:00am
sorry but I have a doubt that I can not solve, I ask you to help me!
I do not know if when we begin to build our trade, the first day, we must consider as a reference the day's open or the previous days closing price...
I ask you to be patient!!!
  • #2,018
  • Oct 14, 2008 6:09am Oct 14, 2008 6:09am
Hi Stake,

as I understand it you build your position according to the 0 level of that day you opened the first trade. that's how I trade this system and build my positions.

as a reference serves this table:

1lot -0.25( or +0.25 of course) – Exit half at 0.00, other half close to +0.25
lot 2 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 3 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 4 -0.50 exit 0.25 pull back (pb) - re-enter at -0.50 from previous exit
Note: If first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50
Exit on -0.50 not -0.25and re-enter on -1.0 from previous exit
lot 5 -0.50 exit 0.25pb – re-enter at -0.50 from previous exit
lot 6 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 7 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 8 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot 9 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot10 -3% double lots exit 2pb -– No re-entry, just hold until pb


Regards
  • #2,019
  • Oct 14, 2008 7:06am Oct 14, 2008 7:06am
Ashes,
Thanks for your answer,
unfortunately I don't speak English so good and... I am speaking of the first day, when we are entering for the first time!!! Now I would understand if
i must take into account the day open or the previous days price closed:
for example:
Today I started to build my trade, now have I to calculate the -/+ 25 div. from the day's open or from yesterday's closed?
regards...
  • #2,020
  • Edited 11:33am Oct 14, 2008 8:24am | Edited 11:33am
1st short opened at 1,5550

closed at 1,5500


Stake:

as for today I opened my trade at 1,5550, that's at +0,37% divergence from the 0:00 gmt candle close, which has the value of 1,5490

if during the following days there would no significant pullback to cash in profits I would open new positions according to todays 0:00 gmt candle value 1,5490

I don't neccessarily stay with the 0,25% steps since volatility is high and times are uncertain. that's why I used a larger step for the entry already.

spieler recommended not to trade the hedge during these uncertain days and to trade eurchf instead.

I'm actually trading the hedge because I want to test the system to the bone, but that's another topic.


Regards
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