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What about this system ?

  • #1
  • First Post: Dec 12, 2007 5:53pm Dec 12, 2007 5:53pm
Hi!

I have been trading this hedge since a month. Made a good profit. I go long with all this pairs:

AUD/USD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/EUR
GBP/USD
USD/CAD
USD/CHF
USD/JPY


greetings
  • #2
  • Dec 12, 2007 6:15pm Dec 12, 2007 6:15pm
do you mean eur/gbp?
  • #3
  • Dec 12, 2007 6:17pm Dec 12, 2007 6:17pm
It's a pair just like all the others. Your broker might not have it.

Quoting FxTex
do you mean eur/gbp?
  • #4
  • Dec 12, 2007 6:28pm Dec 12, 2007 6:28pm
I thought that at first, then I check mt4 and that had eur/gbp listed and then i checked fxsol's and they had the same so i didnt know.
  • #5
  • Dec 12, 2007 7:25pm Dec 12, 2007 7:25pm
Assuming equal values of all positions:

GBP/EUR x EUR/GBP = 1 (cancel each other out)
EUR/USD x USD/CAD = EUR/CAD
GBP/USD x USD/JPY = GBP/JPY
So these positions are really equivalent to:
AUD/USD
EUR/CHF
EUR/JPY
EUR/CAD
GBP/JPY
USD/CHF

The AUD/USD and USD/CHF cancel out the USD, so the exposure is:

Long AUD
Long EUR
Long GBP
Short CHF
Short JPY
Short CAD

So it will make money when AUD, EUR and GBP go up more than CHF, JPY and CAD. It will lose in the reverse situation. I'm not sure what the correlations between the currencies are so I have no idea if it's actually a hedge or not.
  • #6
  • Dec 12, 2007 8:14pm Dec 12, 2007 8:14pm
GBPEUR is not a pair. EUR is the base and GBP is the counter.
  • #7
  • Dec 12, 2007 8:24pm Dec 12, 2007 8:24pm
Quoting philmcgrew
GBPEUR is not a pair. EUR is the base and GBP is the counter.
Thats what I thought but wasn't for sure about it
  • #8
  • Dec 12, 2007 9:21pm Dec 12, 2007 9:21pm
Quoting philmcgrew
GBPEUR is not a pair. EUR is the base and GBP is the counter.

I've never seen it as a pair either except maybe at EODdata.com where they seem to quote a lot of pairs both ways. But it was on the OP's list in the first post so I went with it. :
  • #9
  • Edited 9:44pm Dec 12, 2007 9:43pm | Edited 9:44pm
When I read this I was about 100% sure it would never work. I had nothing to do so I did as the guy said and went long on all his pairs, so far it has made $10 !!!! The Holy Grail!!!

lol...


still 100% sure it would never work though.

oh ya. this is a demo account. Figured you guys would know that though . . .
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  • #10
  • Dec 12, 2007 10:31pm Dec 12, 2007 10:31pm
What system? I don't see a system.
  • #11
  • Dec 12, 2007 10:34pm Dec 12, 2007 10:34pm
He says go long on all pairs.... ??

Quoting WHTenn
What system? I don't see a system.
  • #12
  • Dec 13, 2007 12:18am Dec 13, 2007 12:18am
Quoting gigli44
Hi!

I have been trading this hedge since a month. Made a good profit. I go long with all this pairs:

AUD/USD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/EUR
GBP/USD
USD/CAD
USD/CHF
USD/JPY


greetings

Have read your beautiful idea leave me 2 questions.No.1 is I cant find the Gbp/Eur No.2 is Can u buy all your pairs at the same time??(I mean that frist you buy the Gbp ,when you buy the Eur ,the gbp has go up some pips)
  • #13
  • Dec 13, 2007 1:13am Dec 13, 2007 1:13am
nooooo , buy a pair every day.........
  • #14
  • Dec 13, 2007 1:41am Dec 13, 2007 1:41am
A few brokers offer GBP/EUR.. I think saxo do and many spread betting brokers
  • #15
  • Dec 13, 2007 5:18pm Dec 13, 2007 5:18pm
Quoting tdion
He says go long on all pairs.... ??
that is not a forex system, that is advice
  • #16
  • Last Post: Dec 14, 2007 1:11am Dec 14, 2007 1:11am
Enclosed please find a test of your basket performance for one year. MaxDD of 37% and Current Profit of 66% based on 10K account trading 10K lots.

TimeFreedom

Quoting gigli44
Hi!

I have been trading this hedge since a month. Made a good profit. I go long with all this pairs:

AUD/USD
EUR/CHF
EUR/GBP
EUR/JPY
EUR/USD
GBP/EUR
GBP/USD
USD/CAD
USD/CHF
USD/JPY


greetings
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