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Hedge trading spieler system derived from futures spread trading

  • #361
  • Jul 16, 2008 6:15am Jul 16, 2008 6:15am
that sould be the current position(s)
Attached Image (click to enlarge)
Click to Enlarge Name: spread1507.png Size: 53 KB
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  • #362
  • Jul 16, 2008 6:21am Jul 16, 2008 6:21am
...the last lot is in profit since we bought usd/chf at 1.0032 (current price 1.0057)

57 -32 = 25 X 1.6 = +40 ticks

and eur/usd bought at 1.5944 (current price at 1.5926)

44 - 26 = -18

40 - 18 = +22 ticks in profit

won't be closing until eur/chf goes back to -0.8% though (hopefully)

regards
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  • #363
  • Jul 16, 2008 6:24am Jul 16, 2008 6:24am
Hi...


One thing that rings bells is.......that we cut the winners and keep adding to losing trades....and yes I know thats the system...just thinking while waiting.

we exit at 0 or -0.25.......but we consider that entries can extend higher or lower than this and keep adding....why dont we give the same consideration at exiting the trade.
  • #364
  • Jul 16, 2008 6:28am Jul 16, 2008 6:28am
each small step convergence inside the overall divergence is part of the original trade.

you manage the original trade by having trades inside which reduce the downside on the original position as long as the spread is widening.

regards
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  • #365
  • Jul 16, 2008 6:36am Jul 16, 2008 6:36am
closed last lot at -0.81 (1.6033) on eur/chf

closed eur/usd long from 44 at 10 (-34 ticks)
closed usd/chf long from 32 at 76 (+44 X 1.6 = 70,4 ticks)

70,4 - 34 = 36.4 ticks profit which will be calculated into the 2 running lots

regards
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  • #366
  • Jul 16, 2008 6:50am Jul 16, 2008 6:50am
Hello,D! How do you draw your yellow lines?
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #367
  • Jul 16, 2008 6:54am Jul 16, 2008 6:54am
Quoting Cornelius
Hello,D! How do you draw your yellow lines?
Hi C,

on the toolbar to the right of the pointer icon are TL's (vertical, horiz. and diag.)

click on the hor. one, and drag it to the price you want (double click after to change colour and style if you like)

regards
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  • #368
  • Jul 16, 2008 6:58am Jul 16, 2008 6:58am
Quoting daytrading
Hi C,

on the toolbar to the right of the pointer icon are TL's (vertical, horiz. and diag.)

click on the hor. one, and drag it to the price you want (double click after to change colour and style if you like)

regards

I know that! I thought there is another indicator which does this automatically.
So, you do it manually! OK, thanks for your answer anyway!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #369
  • Jul 16, 2008 7:00am Jul 16, 2008 7:00am
Quoting Cornelius
I know that! I thought there is another indicator which does this automatically.
So, you do it manually! OK, thanks for your answer anyway!
hahahaha....ok...not not automatic...all DIY
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  • #370
  • Jul 16, 2008 7:00am Jul 16, 2008 7:00am
was out today so could not enter a 3rd lot at the point i indicated this morning and which have been reached.

So far The 2 first lots are with a loss .
Still waiting .
The system does not need roll to be profitable but better if you get them on a yearly basis the difference is better in you rpocket than in your borker's one .
Unusual situation but we are going to end this trade with a win .
  • #371
  • Jul 16, 2008 7:05am Jul 16, 2008 7:05am
Quoting daytrading
closed last lot at -0.81 (1.6033) on eur/chf

closed eur/usd long from 44 at 10 (-34 ticks)
closed usd/chf long from 32 at 76 (+44 X 1.6 = 70,4 ticks)

70,4 - 34 = 36.4 ticks profit which will be calculated into the 2 running lots

regards

I think it's a good idea to add the hour to the trades we take for a better reference when we talk about them. GMT reference
D, when did you took these longs? Plss, don't tell me the price or the value of the indicator, since there are some differences.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #372
  • Jul 16, 2008 7:05am Jul 16, 2008 7:05am
hi,,


Just closed my 3rd lot with ECH @ -0.75
  • #373
  • Jul 16, 2008 7:08am Jul 16, 2008 7:08am
Quoting Cornelius
I think it's a good idea to add the hour to the trades we take for a better reference when we talk about them. GMT reference
D, when did you took these longs? Plss, don't tell me the price or the value of the indicator, since there are some differences.
between 12:20 and 12:25 UK time (GMT+1)

regards
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  • #374
  • Jul 16, 2008 7:10am Jul 16, 2008 7:10am
I don't know where you have these values for ECH, since I'm now at -0.06%, looking good to a point of exit, after reaching an hour or two ago -0.25% and entering long.
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #375
  • Jul 16, 2008 7:11am Jul 16, 2008 7:11am
Quoting Cornelius
I don't know where you have these values for ECH, since I'm now at -0.06%, looking good to a point of exit, after reaching an hour or two -0.25% and entering long.
Cornelius:

I have kept yesterday's EA running based on Monday's close.....that's where the original trade started.

regards
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  • #376
  • Jul 16, 2008 7:12am Jul 16, 2008 7:12am
hi...

some of us a still running a trade from yesterday...so thats where the ECH figures are coming from..
  • #377
  • Jul 16, 2008 7:13am Jul 16, 2008 7:13am
The idea of taking lots and cutting them is to work the position so that in case of a durable decorrelation ( meaning eur/chf trending) you dont get a margin call because you enlighted your position and by having profit you increase your buying power.
Unfortunatly for me i could not do that today
  • #378
  • Jul 16, 2008 7:14am Jul 16, 2008 7:14am
not enlighted lol i mean you reduce it
  • #379
  • Jul 16, 2008 7:18am Jul 16, 2008 7:18am
Quoting Cornelius
Hello,D! How do you draw your yellow lines?
I'm attaching this indicator I've done myself.
RangePeriod: calculates the daily average range based on the number of daily bars
OpenTime: put here the hourly bar number where the close is. We are looking at the close of a day based on GMT time. My broker is GMT+2 so I put "1" here. If your broker is GMT, put "-1".
Compensation: set to "true" and the rate between bought lots in EU and UC will be compensated according to the daily average range. I know we don't do this here, but I have this feature anyway.

The indicator shows EU and EC average daily range (based on RangePeriod), and how many 1 lots EU corresponds to EC lots. It also shows what the days change is in %, and what yesterdays change in % was. And it shows lines of the open price, -+0.25%, -+0.50%, -+0.75%, -+1.00%, as well as how far price is from these levels in terms of pips. If you want to look at yesterdays lines today, just change OpenTime to whatever you have on -24. So I use "1" for todays, then I put "-23" to get last days lines. And you can do this for as many days back as you want by just substracting another 24 for each day. Put this indicator on H1 charts.

Hope someone will find this one usefull. But it's purely for visualization and is not really needed, I'm just lazy
Attached File(s)
File Type: mq4 EU-UC hedge.mq4   6 KB | 727 downloads
  • #380
  • Jul 16, 2008 7:25am Jul 16, 2008 7:25am
Spieler,
when you get the time, could you answer this post that I wrote earlier: http://www.forexfactory.com/showpost...&postcount=345. And thanks for all the insight into your system, I really apprecitate it!
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