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Hedge trading spieler system derived from futures spread trading

  • #481
  • Jul 17, 2008 12:13pm Jul 17, 2008 12:13pm
OK, so it seems like you need to keep some annotations on the chart for the positions that are still open. Maybe you wouldn't even update the buy/sell points for today's open if you're managing a previously opened position from a previous day.

Does that make sense?
You are in a maze of twisty little passages, all alike.
  • #482
  • Jul 17, 2008 12:14pm Jul 17, 2008 12:14pm
short again small position at ABN Amro Marketindex
eurusd 1.5854 1000 units
usdchf 1.0205 1600 units
eurchf was +0.51%
  • #483
  • Jul 17, 2008 12:22pm Jul 17, 2008 12:22pm
Quoting stevegee58
I just thought of something. Suppose you went long yesterday and never got an exit condition. So you held overnight and now the midnight open is at a different price and the levels are all shifted. Now today you get a short signal. You can't be both long and short, so does that just mean that you should go flat at that point?
its not to answer your question, but some brokers allow both long and short positions in one account.
i use 2 accounts. At oanda , you can open more than 1 account.
  • #484
  • Jul 17, 2008 12:40pm Jul 17, 2008 12:40pm
I also had to reset due to my previous demo account because it didn't allow for partial lots. Restarted yesterday and current positions are as follows:
1. 7/16 15:01 EUR/CHF was at +.25% from Tuesday's close
USD/CHF 1.0175 Sell 1.6 lots
EUR/USD 1.5808 Sell 1 lot
2. 7/17 06:31 EUR/CHF was at +.50% from Tuesday's close
UES/CHF 1.0178 Sell 1.6 lots
EUR/USD 1.5856 Sell 1 lot
Holding for a full +1% move from Tuesday's close at 1.6221 before adding another position.
Plan to close the 2nd position on a retracement to +.25% or 1.6101 and the 1st position at the Tuesday close of 1.6061.
Hopefully I'm on track with the percentages and the strategy.
  • #485
  • Jul 17, 2008 1:12pm Jul 17, 2008 1:12pm
Quote:
Originally Posted by stevegee58 http://forexfactory.com/images/buttons/viewpost.gif
I just thought of something. Suppose you went long yesterday and never got an exit condition. So you held overnight and now the midnight open is at a different price and the levels are all shifted. Now today you get a short signal. You can't be both long and short, so does that just mean that you should go flat at that point?

its not to answer your question, but some brokers allow both long and short positions in one account.
i use 2 accounts. At oanda , you can open more than 1 account.

Stevegee58

When you open a position, that day's openning price is the reference point for that trade until you close out the trade completely. So if it goes over a new day(s) you alway calculate the divergence from day 1's openning price.

example:

day 1 ends with -0.45%; you are long at -0.25%
day 2 current div is +0.15; you are still long at -0.25% but actual div. for your trade is -0.30% (-0.45 +0.15).
day 2 ends with +0.30%; you are still long at -0.25% but actual div. for your trade is -0.15% (-045 +0.30).
day 3 current div is -0.25%; you are still long at -0.25% (original trade) but actual div for your trade is -0.40% (-0.45 +0.30 -0.25)
day 3 div goes to -0.37%; you are still long at -0.25% (original trade) but actual div for your trade is -0.52% (-0.45 +0.30 -0.37). Per the rules you would now go long another trade.

you get the idea.

Also, you should only be trading in one direction at anytime; to be short and long at the same time, you are hedging the hedge and not going anywhere.
  • #486
  • Jul 17, 2008 1:29pm Jul 17, 2008 1:29pm
I am in as well first entering 1,7 lots( error wanted 1,5 or 1,6) short at 1,0255 it immediately went down before i enter the second leg.
I covered at 1,0239 for a quick 2,6k$ profit.

Then i entered again short usd/chf at 1,0232 1,5 and short eur/usd at 1,5814 1 lot

waiting now and almost green spread already win
  • #487
  • Jul 17, 2008 2:14pm Jul 17, 2008 2:14pm
Hi Spieler and Group

It is very possible to enter a trade and have it never come back to 0. (or your starting level) You would be making money trading the corrections within the trend but the original trade would be very negitive. So when would you exit the original trade if it never comes back?

~Mike
  • #488
  • Jul 17, 2008 3:16pm Jul 17, 2008 3:16pm
Sorry for being so stupid, but if you go long in USD/CHF and EUR/USD ($ neutral) you go long in EUR/CHF. So you go just long in the EUR/CHF if the EUR/CHF drops and go short vice versa...

Have read all posts here but still don't get it, why it's necessary to use 2 pairs instead of the cross? You pay double spread. I can see a benefit if you don't enter the same time or just use different weightings...

Regards - Xaron
  • #489
  • Jul 17, 2008 3:24pm Jul 17, 2008 3:24pm
Quoting Richard
SwingMan-

I have been testing the last EA you posted and need to ask a question. The EA is taking positions based on a ratio of 1 EURUSD and 2 USDCHF. Is there a way to change this ratio in the settings?
The automatically calculated lots ratio is "price EURUSD / price USDCHF" and not 2...!?

You can give for "LotsRatio" in inputs a fix ratio (1.5 or 1.6 or 1.7...)
Attached Image
  • #490
  • Jul 17, 2008 6:07pm Jul 17, 2008 6:07pm
Quoting Xaron
Sorry for being so stupid, but if you go long in USD/CHF and EUR/USD ($ neutral) you go long in EUR/CHF. So you go just long in the EUR/CHF if the EUR/CHF drops and go short vice versa...

Have read all posts here but still don't get it, why it's necessary to use 2 pairs instead of the cross? You pay double spread. I can see a benefit if you don't enter the same time or just use different weightings...

Regards - Xaron

Simplest way to see it's not the same is probably mathematically...
one is EUR divided by CHF, other is EUR/USD-(USD/CHF)*1.6
it's not the same one is the ratio and one is the difference, respectively
  • #491
  • Jul 17, 2008 8:04pm Jul 17, 2008 8:04pm
Hello,

just updated my indicator,

new addition :
the indi will draw line at important level (+.25%,-.25%, ... ) and text
Attached Image (click to enlarge)
Click to Enlarge Name: FlySketchExport.png Size: 41 KB
Attached File(s)
File Type: ex4 Spieler Indicator.ex4   9 KB | 784 downloads
  • #492
  • Jul 17, 2008 8:24pm Jul 17, 2008 8:24pm
hi guys,,,

is there a way ( an indicator ? ) to monitor total net PL from open trade ?
if we can monitor the net PL swing we can have more control over it.

pls advise.. tq

-willie-
  • #493
  • Jul 17, 2008 8:44pm Jul 17, 2008 8:44pm
fix minor bug, please download the new version ( v0.12 )
Attached File(s)
File Type: ex4 Spieler Indicator.ex4   8 KB | 1,002 downloads
  • #494
  • Jul 17, 2008 9:00pm Jul 17, 2008 9:00pm
just shorted
usdchf - 1.2019
eurusd - 1.5834
  • #495
  • Jul 17, 2008 9:41pm Jul 17, 2008 9:41pm
My yesterday hedge is green now
i am waiting -0,20/-0,25ù to scale out half depending on the speed when close to this target.
We closed a little bit under my entry point that s why i said 0,20/0,25 and not 0,25 like in theory. Always take into account the yesterday's close compare to your position.

will put a second lot at +0,25/0,30 always depending on speed.
Speed is a new concept i introduce now ( it is not new i always use it but for this thread).
For exemple yesterday i unwind my last position ( th efirst one taken 3 days ago) too soon at +0,25% but did not immediatly jumped in a short for 2 reasons.
baricentre ( gravity center of the 2 paires) was higher 2 days ago before the sink and speed was fast up.
So i said to wait untill +0,50 and finaly entered at +0,55 when speed slowed down.
  • #496
  • Jul 17, 2008 9:46pm Jul 17, 2008 9:46pm
Quoting SwingMan
The automatically calculated lots ratio is "price EURUSD / price USDCHF" and not 2...!?

You can give for "LotsRatio" in inputs a fix ratio (1.5 or 1.6 or 1.7...)
SwingMan,

We really appreciate the NeuturalHedge osc. indicators that you have created.
I was wondering if you could add another external varible??
You have now Trade_EntryTime.
Could you also add Trade_ExitTime?
With varible we can go back in history and see how each trade would have done.

Thanks.

Bruce
  • #497
  • Jul 17, 2008 11:14pm Jul 17, 2008 11:14pm
OK, went thru the complete thread and seems a nice method that i would like to try.

I had a few questions regarding the indicators from Swingman if someone using them could explain to me:
- What is the difference between SpielersHedge Divergence and SpielersHedge Divergence Std Dev (the two indicators from Spielers)
- I loaded the indicators and i see two lines (a red and a green). Which one is to be monitored for crossing the mentioned levels?

Thanks,
BK
  • #498
  • Jul 17, 2008 11:29pm Jul 17, 2008 11:29pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting SwingMan
The automatically calculated lots ratio is "price EURUSD / price USDCHF" and not 2...!?

You can give for "LotsRatio" in inputs a fix ratio (1.5 or 1.6 or 1.7...)
Hi

1. sorry for my english
2. Spieler and SwingMan, thank you for your work and your time to answer and share.
3. I have some problems with the variables. I realy aprecite if you can splain to me some more about it
I need help with
TakeProfit_Pips
StopLoss_Pips

thanks

Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 49 KB
  • #499
  • Jul 17, 2008 11:34pm Jul 17, 2008 11:34pm
Quoting PistolDave
Hi Richard,

That was the problem I was having too in getting the correct ratios.

Thanks to fxtrader2k7 for pointing out the problem.

In the EA properties>inputs you see the following:
-----------------------------
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
-----------------------------------------------

To change it to open one pair with 1 lot and one with 1.6 lots set the LotsRatio to 1.6

PD
Thanks PistolDave, working correctly now.
  • #500
  • Jul 17, 2008 11:43pm Jul 17, 2008 11:43pm
Quoting SwingMan
The automatically calculated lots ratio is "price EURUSD / price USDCHF" and not 2...!?

You can give for "LotsRatio" in inputs a fix ratio (1.5 or 1.6 or 1.7...)
Thanks SwingMan
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