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Safe Hedging System - Daily Swap

  • #241
  • Jun 9, 2007 7:26am Jun 9, 2007 7:26am
Quoting mirekturon
Guys check this out. I opened first 2 lots on April 22 with $5000 deposit (demo acc.) Now there is 15 lots opened and account equity is $23305.82
balance: $8395.90. I'm using only 3 pairs: gbp/jpy, gbp/usd, chf/jpy. The only thing i can say that this is a money machine! Thanks Neo !
Mikekturon, please post your strategy if you are going to post your results. It does no good to simply say, "wow, I've made a lot of money, bye."

Thank you.
  • #242
  • Jun 9, 2007 7:35am Jun 9, 2007 7:35am
TiKin,

Any chance you can share your system in a logical, easy-to-understand way? And I don't mean posting screenshots of your trades, I mean in the standard way that shares your entry rules, lot sizes, exit rules.

Quoting TiKin
The strategy of the pairs and the lot sizing is based on: average daily range, price per pips and with the idea that the trade will remain positive no matter what direction it takes, or it won't be negative for very long, under normal circumstances. As mentionned before, my account went down 46% for about 3 weeks around late February but the circumstances were not normal, the GBP went nuts and far away from the others, there was no longer any correlation; but as with anything and following the laws of equilibrium, normal conditions came back and also profitability.

For the moment GBP and EUR are + and CHF -, however, I was in the opposite situation when I first open the trades and only the CHF was positive, I was always around 7-15 % positive in the account (I mean by that the overall profit/loss of all trades combined). I have cashed in once only at around 11% profit but I made a lot of swap. Look at the lots it became now a simple rule of 3 (I hope this is the right translation).

This is also for you Forex Coach and I give you permission to incorporate that in your course and charge for it LOL. Imagine coming in here and calling yourself Forex Coach with no record.........

Have a good weeekend
  • #243
  • Jun 9, 2007 4:58pm Jun 9, 2007 4:58pm
Quoting mikejody
TiKin,

Any chance you can share your system in a logical, easy-to-understand way? And I don't mean posting screenshots of your trades, I mean in the standard way that shares your entry rules, lot sizes, exit rules.
You´re gonna get one of those replys...
...
yeap... i told ya!

"Hoe ur pips mate?" fxcarllos
  • #244
  • Jun 9, 2007 5:02pm Jun 9, 2007 5:02pm
I'm sorry, I don't understand what you are saying.

Quoting Carllos
You´re gonna get one of those replys...
...
yeap... i told ya!

  • #245
  • Jun 9, 2007 5:03pm Jun 9, 2007 5:03pm
Quoting mikejody
I signed up with Forex Coach and paid the money. Though I can not/will not divulge her trading systems, I will report on their ease of use, quality of her training, profitability of her systems, etc. So far she has been very responsive, thorough, available for questions, etc.
That will be interesting mikejody.
I´ll finally follow a eurchf strategy.. so much people doing it and haven´t seen one live. If you can pelase do the way i do with 2 Day EA (post a day screenshot)

Good luck on this one.

PS- Just wait for Tikin answer...
"Hoe ur pips mate?" fxcarllos
  • #246
  • Jun 9, 2007 5:15pm Jun 9, 2007 5:15pm
Carllos, can you tell us what the eur/chf strategy is that you are following? What are the rules, etc.?

Quoting Carllos
That will be interesting mikejody.
I´ll finally follow a eurchf strategy.. so much people doing it and haven´t seen one live. If you can pelase do the way i do with 2 Day EA (post a day screenshot)

Good luck on this one.

PS- Just wait for Tikin answer...
  • #247
  • Jun 10, 2007 12:56am Jun 10, 2007 12:56am
Quoting mirekturon
Guys check this out. I opened first 2 lots on April 22 with $5000 deposit (demo acc.) Now there is 15 lots opened and account equity is $23305.82
balance: $8395.90. I'm using only 3 pairs: gbp/jpy, gbp/usd, chf/jpy. The only thing i can say that this is a money machine! Thanks Neo !
Guys:

Sorry for not being around much. Have been busy with many personal issues. Congrats on your variation of this strategy. I am very happy for you, and for anyone who can take a concept and develop into a more personalized trading style.

I for one have been still following my strategy, and so far it has survived and I have been able to cash out on it. Some times trading comes down to a personal choice, when you see the market start to correct and several of your pairs are getting closed out, then it might be a good time to close and cash out some long standing positions and wait for the correction to stop and get back in again, rebuilt your lots. The good thing about it is that once you cash out, you are more flexible and you can afford to be down 100 pips and cost average your entry position during re-entry. I find that gives you a little more room, since you don't have to be "right" immediately, you can afford to give yourself a little more room, like MirekTuron is currently at, with his Equity, his re-entry first lot can be off a little and he won't even care.

Guys, keep this thread alive, and good luck to you all.

neo
  • #248
  • Jun 10, 2007 7:33am Jun 10, 2007 7:33am
This discussion seems like an advertisement. Lets get back on topic. Someone is definitely getting some free advertising out of this. I have deleted the posts, because they are also off topic.

Moderator
  • #249
  • Jun 10, 2007 7:44am Jun 10, 2007 7:44am
Does anyone know of a website that calculates correlations between pairs for more than a day plus the exotic ones?
  • #250
  • Jun 10, 2007 8:26am Jun 10, 2007 8:26am
Quoting PTOURNIS
Does anyone know of a website that calculates correlations between pairs for more than a day plus the exotic ones?
Look at this:

http://www.mataf.net/en/analysis-cor...etVsMarket.htm

Bye.
  • #251
  • Jun 10, 2007 9:23am Jun 10, 2007 9:23am
I have seen this before, but it only calculates for 1 day. Correct? I was looking for a period of say 6 months or a year.
  • #252
  • Jun 10, 2007 10:12am Jun 10, 2007 10:12am
Quoting mikejody
Carllos, can you tell us what the eur/chf strategy is that you are following? What are the rules, etc.?
Your´s.. if you going to post the results
"Hoe ur pips mate?" fxcarllos
  • #253
  • Jun 10, 2007 10:16am Jun 10, 2007 10:16am
Quoting smjones
This discussion seems like an advertisement. Lets get back on topic. Someone is definitely getting some free advertising out of this. I have deleted the posts, because they are also off topic.

Moderator
Hi Jones

The only person here placing ads was forexcoach. She placed a lot of posts about same subject same day on diferent threads. She got attention yes.
The rest of us are following the topic
"Hoe ur pips mate?" fxcarllos
  • #254
  • Jun 11, 2007 2:21am Jun 11, 2007 2:21am
Just now EA close capital profit of about 3K of trades opened on 1 June, see attached.
My strategy is to close all trades when a certain percentage of capital profit reached, usually from 3-5 percent. Immediately after the close, open trades again when FPI is not 1.
My pairs are gbp/chf, gbp/usd, usd/chf or eur/usd (depends on the recent volatility of the pairs)
The trades usually go into profit when the price of gbp/chf rises or gbp/usd drops. Last few days have experienced a few difficult periods where gbp/chf dropping while gbp/usd rising, however, the profit made by eur/usd saves the loss and finally turns the trades into a 6% profit.
As I pointed out in previous posts, if you are following hedging stratigies, it'd be better to take into account the average daily range of the pairs, reduce the no. of lots of those pairs with large ADR. Typical large ADR pairs are those that have very nice swap like gbp/jpy and gbp/chf.
So if you can manage the lots effectively, you should be safe from both rising and falling gbp movements.
My observation is: Apart from collecting daily swap, you'll be profiting from either a rise in gbp/jpy or gbp/chf when they are in a rising channel OR from drops in gbp/usd when gbp/jpy or gbp/chf is in the falling channel. The other one or two pairs should play a crucial supporting role to reduce the risks of unbalanced movements and make the hedging ring a truly ATM.

My two cents
Attached Image (click to enlarge)
Click to Enlarge Name: Statement.jpg Size: 81 KB
make some money, have some fun, leave some footprints
  • #255
  • Jun 11, 2007 2:49am Jun 11, 2007 2:49am
Add a "CloseAll" positions.
Starting a new set of rounds today. Closed all previous positions.
Profit till now: $965.72 (9.66%)

Have Fun
Attached File(s)
File Type: mq4 2day EA v4.mq4   17 KB | 577 downloads
"Hoe ur pips mate?" fxcarllos
  • #256
  • Jun 11, 2007 3:44am Jun 11, 2007 3:44am
Quoting Carllos
Add a "CloseAll" positions.
Starting a new set of rounds today. Closed all previous positions.
Profit till now: $965.72 (9.66%)

Have Fun
Sounds good but in my experience let the system go for a while to see how far in can go and you can then come up with an average closing %, but 3-5 is not enough and it can surpass 9% easy. Let it run the race.
  • #257
  • Jun 11, 2007 4:09am Jun 11, 2007 4:09am
How are you using the daily range in you calculation of lots
do you have a formula for daily range vers lots ?



Quoting boostrade
Just now EA close capital profit of about 3K of trades opened on 1 June, see attached.
My strategy is to close all trades when a certain percentage of capital profit reached, usually from 3-5 percent. Immediately after the close, open trades again when FPI is not 1.
My pairs are gbp/chf, gbp/usd, usd/chf or eur/usd (depends on the recent volatility of the pairs)
The trades usually go into profit when the price of gbp/chf rises or gbp/usd drops. Last few days have experienced a few difficult periods where gbp/chf dropping while gbp/usd rising, however, the profit made by eur/usd saves the loss and finally turns the trades into a 6% profit.
As I pointed out in previous posts, if you are following hedging stratigies, it'd be better to take into account the average daily range of the pairs, reduce the no. of lots of those pairs with large ADR. Typical large ADR pairs are those that have very nice swap like gbp/jpy and gbp/chf.
So if you can manage the lots effectively, you should be safe from both rising and falling gbp movements.
My observation is: Apart from collecting daily swap, you'll be profiting from either a rise in gbp/jpy or gbp/chf when they are in a rising channel OR from drops in gbp/usd when gbp/jpy or gbp/chf is in the falling channel. The other one or two pairs should play a crucial supporting role to reduce the risks of unbalanced movements and make the hedging ring a truly ATM.

My two cents
  • #258
  • Jun 11, 2007 4:38am Jun 11, 2007 4:38am
Quoting boostrade
Just now EA close capital profit of about 3K of trades opened on 1 June, see attached.
My strategy is to close all trades when a certain percentage of capital profit reached, usually from 3-5 percent. Immediately after the close, open trades again when FPI is not 1.
My pairs are gbp/chf, gbp/usd, usd/chf or eur/usd (depends on the recent volatility of the pairs)
...
The other one or two pairs should play a crucial supporting role to reduce the risks of unbalanced movements and make the hedging ring a truly ATM.

My two cents
Took a look at your blog. Quiet interesting! Will you release HPS EA ?
"Hoe ur pips mate?" fxcarllos
  • #259
  • Jun 11, 2007 5:48am Jun 11, 2007 5:48am
Quoting Carllos
Add a "CloseAll" positions.
Starting a new set of rounds today. Closed all previous positions.
Profit till now: $965.72 (9.66%)

Have Fun
Carllos,is it possible to make this EA to be able to select currency pairs we want to hedge?Example: Currecy 1:XXX Currency 2: XXX Currecy 3:XXX etc.thus we can select any 4 or 3 pairs that we want and backtest it for best result.
  • #260
  • Jun 11, 2007 6:14am Jun 11, 2007 6:14am
Question:

You guys keep saying "interest" and "Swap".

Are you talking about making income on the Rollover Rates ?

Thanks !!!
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