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Hedging/averaging trades without prediction

  • #3,121
  • May 10, 2024 10:31pm May 10, 2024 10:31pm
Quoting pipcruiser
{quote} Yeah, you are spot on. IB tech is made from nerds - for nerds. Their trading platforms are like 10 years behind, sometimes you need a phd in order to just figure it out haha... They are probably the biggest and "safest" broker in the world, but they should fire their CTO and tech team and get up to date.... I use them simply bcs of safety of funds, mainly for my long term stock trading... Did you manage to get dividend payback from IB? PC
no, because they could not tell me which product to trade to get a dividend. they are way too complicated so i look for another broker.
trading is like dancing, don't think and just listen to the music!
  • #3,122
  • May 11, 2024 12:22am May 11, 2024 12:22am
Quoting T721
I have posted this somewhere b4.... im sharing it again so you get a better understanding of what it takes to be a trader or any top professional in their field As a bonus its quite funny---- watch it and see if you can relate it to trading and post your answers https://youtu.be/mPL95K1kWaw?si=IVHU6rQz189rJteJ
great stuff, good comedian!
trading is like dancing, don't think and just listen to the music!
  • #3,123
  • May 11, 2024 12:31am May 11, 2024 12:31am
Quoting birdland
{quote} great stuff, good comedian!
The relationship with the Freddy Star video clip and to be at the top of any professional endeavour is the time, commitment and 100% belief in yourself etc

Freddy practised that routine for 8 or 9 months to perfect it before going live with it
  • #3,124
  • May 11, 2024 12:38am May 11, 2024 12:38am
So the margin with IG is 1:10 which is not very generous thanks to esma... but guess what? they have a Swiss Bank without esma and it's worth figuring out if they pay the dividend of course.
I don't know if you need to be a Swiss national or not but could be worth an investigation?
  • #3,125
  • May 11, 2024 12:47am May 11, 2024 12:47am
Quoting Fagin
So the margin with IG is 1:10 which is not very generous thanks to esma... but guess what? they have a Swiss Bank without esma and it's worth figuring out if they pay the dividend of course. I don't know if you need to be a Swiss national or not but could be worth an investigation?
I think you might as you say need to be a Swiss national punter, but worth looking in to pal
  • #3,126
  • May 11, 2024 12:58am May 11, 2024 12:58am
Quoting T721
{quote} I think you might as you say need to be a Swiss national punter, but worth looking in to pal
Yeah I'll have a closer look. I know another trader who has an account and he's never been to Switzerland. doesn't even like their chocolate....
  • #3,127
  • May 11, 2024 1:00am May 11, 2024 1:00am
Quoting Fagin
{quote} Yeah I'll have a closer look. I know another trader who has an account and he's never been to Switzerland. doesn't even like their chocolate....
doesn't even like their chocolate... LMFAO
  • #3,128
  • May 11, 2024 2:26am May 11, 2024 2:26am
Quoting WallFlower
{quote} "trading with risk management alone, in my experience, Is not enough for long-term consistent enough success Trading without risk management isn't enough either." This statement here is true, if you have no EDGE then all your going to do is bleed your account to death, no amount of mental strength or risk management can turn a negative expectancy strategy into a positive one. Now I have noticed some people have somehow developed their method and they themselves cant even clearly define their edge yet their sample size is large enough to...
I agree with you both @mtako and @WallFlower, similar the time they tell you have to be educated in trading psychology to be consistently in profit, lots lost thousands, 10 thousands $ in those courses and books and seminars, then MPL, then come how to build a will to make money, howto medicate into making money, how to self-hypnosis to be profitable .... all those trashs just waste of time

If your trade you place has no edge, not bring you money or make you at least 1$ profit, all the talks arounds it are just trashs to rob your money
  • #3,129
  • May 11, 2024 2:39am May 11, 2024 2:39am
Quoting Waveskierrob
{quote} there it is +13 pip dividend +32 pips trades = +45 pip total...Terry a man of his word ... {image}
If anyone is still trying to figure this ftse div thing go look at Robs results and that is with a small tester size, Cmon guys lets get more of this freemoney
  • #3,130
  • Edited 3:11am May 11, 2024 2:47am | Edited 3:11am
Quoting birdland
{quote} no, because they could not tell me which product to trade to get a dividend. they are way too complicated so i look for another broker.
I believe on Interactive Brokers they are : FTSE: IBGB100 & CAC: IBFR40.

See more here: https://www.interactivebrokers.co.uk...-cfd-index.php

Another option I have been considering is to trade the FTSE Future contract on IB (Ticker: Z), the big catch with this is, I need the "ICE" datafeed which is 125 USD per month, else quotes are 15 m delayed!.

Of course I dont get the dividend then, but by my study the futures contract moves in sync with the FTSE CFD and the leverage is better than on IG..

Cheers

PC
Less is more...
  • #3,131
  • May 11, 2024 5:42am May 11, 2024 5:42am
Quoting Erebus
Here is the other pair mentioned; again, a keen eye will spot this professional strategy quite easily, any problem, just ask. {image}
do you mean Breakout and retest Erebus. Or there is something more characteristic we common traders should notice immediately on these chacrt. I dont have that much data H1 back om MT4 to check what history before of your chart, so I guess only
  • #3,132
  • May 11, 2024 5:52am May 11, 2024 5:52am
Quoting LazyTrades
{quote} Probably why some people can't average/hedge as they are simply under-capitalised; after blowing my first account many years ago I needed to find a broker that would allow the smallest possible lot size to practice with, not a big fan of demo as real money changes everything in my book.
which broker are you using? and are you in Europe? Here in Europe since the ESMA rule, dont see any minilot account arround anymore, or only with very worst conditions in conversion or withdraw conditions
  • #3,133
  • May 11, 2024 6:54am May 11, 2024 6:54am
Quoting T721
{quote} I think you might as you say need to be a Swiss national punter, but worth looking in to pal
yes, you have to be Swiss (!!!).., or have Swiss ID..,
and
ESMA rules don't touch this country because
Switzerland is not a member of the European Union

100%

P.S. about chocolate.., I do prefer belgian, but some swiss are not bad after all
dolce vita
  • #3,134
  • May 11, 2024 7:41am May 11, 2024 7:41am
Quoting Kodzhamanov
Hi guys, amazing thread. I am still reading the first pages of it. I already found a lot of helpful info. I have been playing with hedging for a long time. Right now I am using it as a stop loss /I am open counter trade when I am wrong/ or around the news. I saw there are different methods of hedging or types of open and closing trades. I like to close one in profit /if I use the same lot size/ and wait for the open trade which is on loss to get back a little so I can close it or open another one in the same direction so I end up with even smaller...
hold it long it is not just to think about the buy the sell or the clear direction etc. wont you need also to be sure not to be hit by a tripple swap whammy sometimes along the line???
  • #3,135
  • May 11, 2024 7:43am May 11, 2024 7:43am
Quoting LazyTrades
I think what pissed me off the most last week is the fact my stupid EA, which just chucks out trades at relatively random places 24/7, out performed me for the first time in 11 weeks Edit: Perhaps I shouldn't be rude to EA, he has made £1600 profit; which now makes me realise who was the stupid one last week.
Could you pls share your stupid EA
  • #3,136
  • May 11, 2024 9:11am May 11, 2024 9:11am
Quoting lrn2trade23
{quote} which broker are you using? and are you in Europe? Here in Europe since the ESMA rule, dont see any minilot account arround anymore, or only with very worst conditions in conversion or withdraw conditions
Oanda UK and here are the EAs:
Attached File(s)
File Type: ex4 BothwaysEURGBP.ex4   176 KB | 211 downloads
File Type: ex4 BothwaysGBPUSD.ex4   177 KB | 266 downloads
File Type: ex4 BothwaysUSDJPY.ex4   178 KB | 233 downloads
File Type: ex4 BothwaysUSDMXN.ex4   177 KB | 189 downloads
Sounds like a lot of screen time to me.
  • #3,137
  • May 11, 2024 9:54am May 11, 2024 9:54am
Quoting T721
{quote} If anyone is still trying to figure this ftse div thing go look at Robs results and that is with a small tester size, Cmon guys lets get more of this freemoney
The strategy is very interesting and I already use IG, are dividends also paid with options? Thanks for the share!
  • #3,138
  • May 11, 2024 10:54am May 11, 2024 10:54am
Quoting gian97
{quote} The strategy is very interesting and I already use IG, are dividends also paid with options? Thanks for the share!
Options don't pay dividends.
  • #3,139
  • May 11, 2024 11:31am May 11, 2024 11:31am
Quoting pipcruiser
{quote} I believe on Interactive Brokers they are : FTSE: IBGB100 & CAC: IBFR40. See more here: https://www.interactivebrokers.co.uk...-cfd-index.php Another option I have been considering is to trade the FTSE Future contract on IB (Ticker: Z), the big catch with this is, I need the "ICE" datafeed which is 125 USD per month, else quotes are 15 m delayed!. Of course I dont get the dividend then, but by my study the futures contract moves in sync with the FTSE CFD and the leverage is better than on IG.. Cheers PC
thank you for your research!

i will try it next week, maybe it works.
trading is like dancing, don't think and just listen to the music!
  • #3,140
  • May 11, 2024 12:49pm May 11, 2024 12:49pm
Quoting pipcruiser
{quote} I believe on Interactive Brokers they are : FTSE: IBGB100 & CAC: IBFR40. See more here: https://www.interactivebrokers.co.uk...-cfd-index.php Another option I have been considering is to trade the FTSE Future contract on IB (Ticker: Z), the big catch with this is, I need the "ICE" datafeed which is 125 USD per month, else quotes are 15 m delayed!. Of course I dont get the dividend then, but by my study the futures contract moves in sync with the FTSE CFD and the leverage is better than on IG.. Cheers PC
Don't need feed. Just place trades and watch PNL.
1.02^200
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