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Hedge trading spieler system derived from futures spread trading

  • #421
  • Jul 16, 2008 11:45pm Jul 16, 2008 11:45pm
Quoting spieler
And dont forget patience .
dont get an idea and judge the system within 2 days of trading.
What you can see is even when the trend is against us we were abble to get even at least , profitable if you took the trade i gave the entry point yesterday hours before it occured.
Think about it
The trend will not be ever against us and you will see days with 2 /3 trades long then short etc with very good profit.
It is only on forum that 100% of the trades are winners buying on the low of the day and selling at the top
Spieler,

I am very glad that we had this experience of the last couple of days.
I have learned so much from this.
I was wondering if you would take the time to do a recap of the Long Long Trades the past few days that we went through and especially comment on how you would have handled the last part (were you not away sleeping or attending to other things) so that we can see how you would have worked this to the close.
Also when you work these trades, does that mean at times you will close one leg of the Long Long. Or do you always close both at the same or near the same time?

Thank you for sharing your experience and strategy with us on this thread.

Bruce
  • #422
  • Jul 16, 2008 11:58pm Jul 16, 2008 11:58pm
PISTOL
What i can see is that you are short and we are long so there s something i dont understand
  • #423
  • Jul 17, 2008 12:07am Jul 17, 2008 12:07am
bruceph

the rules i gave yesterday early morning was to cut the second long at +0,34% on eur/chf ( i detailled why 0,34 and not 0,30 or whatever)
we had a maximum of 0,33% but the profit was nice and close to end of day so i would have cut it being in front of the screen.
i decided to cut it at +0,25% only because i wanted to go to bed and the last days have been trending against us so , from a conservative account ( i have time to get profit) i decided ; in a sounfd mm way of trading , to get out this second lot before with a small profit.

Greedy is the enemy, we dont have to make 10% per day small profits add to small profits and my personal return is very good with almost no negativ month doing that .
  • #424
  • Edited 12:36am Jul 17, 2008 12:35am | Edited 12:36am
Quoting spieler
PISTOL
What i can see is that you are short and we are long so there s something i dont understand
Thanks for the help spieler.

Maybe you can help me get it set up correctly.

I don't know what the problem is either. Here are the settings I am using on the EA and a current graph using MIG MT4 platform:

SpielersHedge EA_2.4
Autom_CloseOrders - true
TakeProfit_Pips - 0
StopLoss_Pips - 0
FirstDivergenceLimit - 0.2
DivergenceStep - 0.2
Lots - 0.1
LotsRatio - 0.0
Number_LevelsToTrade - 1
Send_Alert - true
Send_Mail - true
TestTime_until - 2008.08.08 08:08
only_demo_accounts
Attached Image (click to enlarge)
Click to Enlarge Name: sh-2.gif Size: 55 KB
  • #425
  • Jul 17, 2008 2:51am Jul 17, 2008 2:51am
Quoting NowAndLater
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
NowAndLater-

Thanks a lot for your great indicator, visualization helps a lot. One question, if you start with -1 then you would go -25 for one day back? After that -24 for every day back or -25?
  • #426
  • Jul 17, 2008 3:12am Jul 17, 2008 3:12am
Hi Spieler,
I have a question (please refer to the below screenshot), I started yesterday from flat position because I had a fault on my platform and was forced to close positions that you are still in place. Ok so as you can see yesterday was a good one , I entered initially long position at -0.25% and closed all at +0.25%, then I opened again a short (of course short eurusd and short usdchf) at +0.25%. Now as you can see this position has gone overnight, so my question is : To open new positions is correct to keep still into account the divergence from yesterday (0% = 1.6057) instead of today's divergence that's different ? Infact as you can see my current divergence (related to yesterday divergence) is at +0.37 % so I should wait until it goes up to +0.50% then open a new short position. Am I understand right ?

http://img515.imageshack.us/img515/9...examplepm7.jpg

Thank you

Cheers,
Skyline
  • #427
  • Jul 17, 2008 3:23am Jul 17, 2008 3:23am
Quoting Richard
NowAndLater-

Thanks a lot for your great indicator, visualization helps a lot. One question, if you start with -1 then you would go -25 for one day back? After that -24 for every day back or -25?
Yes. When you change your starting bar, the yellow line will change as well, and the yellow line is the closing price of the bar you want to look at. So to see if you get the right bar just check if the yellow line is at the close of the bar you want, otherwise change "OpenTime" again. Cheers
  • #428
  • Jul 17, 2008 4:38am Jul 17, 2008 4:38am
Quoting PistolDave
Hi,

I'm posting a screenshot of the trade I entered today. If someone could comment on this I would appreciate it.

I placed the trade when the EA_v2.4 indicated that the spread was .25% and it alerted to enter short.

It's nearly zero now (0.02%) and the whole time since entry it has been unprofitable. I am using the default settings in the EA. I haven't made many trades with this, but all of them have ended being losers slightly by the time the correlation has gone back to zero.

Can someone suggest what I'm doing wrong here?

Thanks,
PD
In looking over your trade positions, I see you are using a 1 to 2 ratio on the lots. It should be 1 to 1.6, hence you are .8 of a lot out, and you are no longer USD neutral. I suspect that is the cause of your problem.
  • #429
  • Jul 17, 2008 5:18am Jul 17, 2008 5:18am
Quoting NowAndLater
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
Hello N&L

Thanks for the indicator, would it be possible to add an alarm function to the indi to get a sound whenever one of the lines is hit by the price of eurchf?
Regards
  • #430
  • Jul 17, 2008 5:28am Jul 17, 2008 5:28am
Quoting howard
Hello N&L

Thanks for the indicator, would it be possible to add an alarm function to the indi to get a sound whenever one of the lines is hit by the price of eurchf?
I actually don't know how to do that. I'll look into it and I might figure it out, if so I'll post the updated indicator here.
  • #431
  • Jul 17, 2008 5:40am Jul 17, 2008 5:40am
Quoting NowAndLater
I actually don't know how to do that. I'll look into it and I might figure it out, if so I'll post the updated indicator here.
OK thanks

Price hit +0.25, 1st short entered.
Regards
  • #432
  • Jul 17, 2008 5:46am Jul 17, 2008 5:46am
Quoting howard
OK thanks

Price hit +0.25, 1st short entered.
I'm with you on that, but I'm adding to the trade from yesterday (+0.25% on yesterdays move was the first short and yesterdays move ended at +0.26%) so I just added at +0.24% today.
  • #433
  • Jul 17, 2008 5:48am Jul 17, 2008 5:48am
this is my first posting this thread
i realy like this kindof trading, thank you spieler for sharing and thank to all the others for help and for building indicators and eA

i took the first pos eurusd 1,5846 usdchf 1,0178 when eurchf reached +0,25
very small size at oanda 1000 for euro and 1600 for the swissy, just to get a feeling how this strategis works
  • #434
  • Jul 17, 2008 5:48am Jul 17, 2008 5:48am
Quoting NowAndLater
I'm with you on that, but I'm adding to the trade from yesterday (+0.25% on yesterdays move was the first short and yesterdays move ended at +0.26%) so I just added at +0.24% today.
NAL,
so do you took the same trade as I showed in my above post with screenshot ?
  • #435
  • Jul 17, 2008 6:02am Jul 17, 2008 6:02am
CASH IS KING

I just sold the last position ( first lot entered 2 days ago)

Finaly my profit is 4,7k$ that is +0,8% for that account not a lot for 2 days and a half but a profit is a profit

The 3 positions have been all sold with a profit and market was against me imagine when it is with me .......

And the market was against us if you remember, by working the position the way i did we could reduce the whole risk and stayed confortable with remaining lots just waiting for a recorrelation which just happened.
I closed the trade at +0,24% and did not entered immediatly short as i already wrote.
I am waiting the trend to calm a little bit.
  • #436
  • Jul 17, 2008 6:21am Jul 17, 2008 6:21am
under copies of the trades it can help your understanding
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HEDGE 14 17.JPG Size: 51 KB
Click to Enlarge Name: HEDGE 14 17 1.JPG Size: 58 KB
  • #437
  • Jul 17, 2008 6:23am Jul 17, 2008 6:23am
What's the extra (i.e. not paired with EURUSD) USDCHF trade from?
You are in a maze of twisty little passages, all alike.
  • #438
  • Jul 17, 2008 6:24am Jul 17, 2008 6:24am
Quoting NowAndLater
Yes. When you change your starting bar, the yellow line will change as well, and the yellow line is the closing price of the bar you want to look at. So to see if you get the right bar just check if the yellow line is at the close of the bar you want, otherwise change "OpenTime" again. Cheers
Sorry, do you mean the yellow 0 line? I don't have any other yellow lines
  • #439
  • Jul 17, 2008 6:29am Jul 17, 2008 6:29am
NowandLater-

OK, please ignore last question. I have just understood what you said. Thanks again for a great indicator.
  • #440
  • Jul 17, 2008 6:30am Jul 17, 2008 6:30am
Quoting Richard
Sorry, do you mean the yellow 0 line? I don't have any other yellow lines
yes richard, yellow line is the 0% line and should be at the level of yesterday's close.

take yesterday's last 1 hour bar and see if the yellow line and close of the 1 hr bar are the same
Regards
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