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Hedge trading spieler system derived from futures spread trading

  • #1,081
  • Aug 14, 2008 3:03am Aug 14, 2008 3:03am
well richard, thanks for your work and spieler for your explanation...

richard could you please explain us a little your table? (i think spieler was meaning this)

Is this right for a down movement?:

Lot1: on a - 0,25% move from yesterday close we will enter 1 lot and then exit half of it at 0% and the remaining half at -/+ 0,25%

Lot2: -0,25% (from what? lot1 entry or last day close - why do you write -0,25% is it not at -0,5% from last day close?)
- Exit on 0.25 pb (ok we exit on 0,25% pullback no problem)
/ re-enter at -0.50 from previous exit (what do you mean by previous exit - which exit?)


Thanks in advance for your reply,
and sorry for my poor english, my french is way better!
BD
  • #1,082
  • Aug 14, 2008 4:17am Aug 14, 2008 4:17am
Better don make too many entry,if got profit better run from market.For me forex anyway how running 24 hour a day.5 day a week.
  • #1,083
  • Aug 14, 2008 4:31am Aug 14, 2008 4:31am
Short at 1.6219 any body else. I love this system
  • #1,084
  • Aug 14, 2008 4:37am Aug 14, 2008 4:37am
I think the entry short should be 1.6232.
  • #1,085
  • Aug 14, 2008 4:39am Aug 14, 2008 4:39am
Quoting pipsrobber
I think the entry short should be 1.6232.
if I understand right, you are correct
  • #1,086
  • Aug 14, 2008 4:39am Aug 14, 2008 4:39am
Quoting boeingdriver
Lot2: -0,25% (from what? lot1 entry or last day close - why do you write -0,25% is it not at -0,5% from last day close?)

It can be either from lot 1 entry or last day close - whatever is lower (or higher, if we're in a short position).
  • #1,087
  • Aug 14, 2008 4:44am Aug 14, 2008 4:44am
richard
you are good now

just add the closed think i wrotte about several time, the pace of the graph and the one leg stuff and you will get close to 90% of my system
  • #1,088
  • Aug 14, 2008 4:52am Aug 14, 2008 4:52am
Yesterdays closing rate was 1.6179 gmt.So plus 25% of this takes to 1.6219
which would be the first short trade for today
  • #1,089
  • Aug 14, 2008 4:53am Aug 14, 2008 4:53am
Quoting boeingdriver
well richard, thanks for your work and spieler for your explanation...

richard could you please explain us a little your table? (i think spieler was meaning this)

Is this right for a down movement?:

Lot1: on a - 0,25% move from yesterday close we will enter 1 lot and then exit half of it at 0% and the remaining half at -/+ 0,25%

Lot2: -0,25% (from what? lot1 entry or last day close - why do you write -0,25% is it not at -0,5% from last day close?)
- Exit on 0.25 pb (ok we exit on 0,25% pullback no problem)
/ re-enter at -0.50 from previous exit (what do you mean by previous exit - which exit?)


Thanks in advance for your reply,
and sorry for my poor english, my french is way better!
BD
boeingdriver-

Lot1 - Correct.

Lot2 - Entry on an interday move of - 0.25 from the previous days closing price (GMT=0) not - 0.25 away from the entry price of Lot1.
Also you must always take into account where the previous days price closed in relation to your entry. Example 1: You enterd Lot1 going long at 1.6240 and the closing price that day was 1.6260. The next day an interday move of -0.25 will take the price to around 1.6220 but this is only around -0.12 from the entry price of Lot1. So you must wait to enter Lot2 until 1.6200 which will be the minimum required of -0.25 away. Example 2: You entered Lot1 going long at 1.6240 and the closing price that day was 1.6220. The next day an interday move of -0.25 will take the price to around 1.6180, this is around -0.37 from the entry price of Lot1, perfect so you can enter.

Re-entry. Wait for price to go another -0.50 from the price at which you exited your last lot. Example: You entered at -0.25, again at -0.50, then you exited lot entered at -0.50 on pull back to -0.25. Now you must wait for -0.75 to re-enter.

Always you must not try to trade spieler's strategy like a grid system, entering and exiting on every level without any attention to market speed, the previous days close etc... His MM rules are designed to match your entries with market conditions so always being able to survive a big trending move.

spieler- Hope I got that right, if not please correct.
  • #1,090
  • Aug 14, 2008 4:53am Aug 14, 2008 4:53am
Quoting harar
Yesterdays closing rate was 1.6179 gmt.So plus 25% of this takes to 1.6219
which would be the first short trade.
yesterdays close was 6219
  • #1,091
  • Aug 14, 2008 5:02am Aug 14, 2008 5:02am
Quoting spieler
richard
you are good now

just add the closed think i wrotte about several time, the pace of the graph and the one leg stuff and you will get close to 90% of my system
spieler-

Great, good news, thanks. Getting closer to the light

I think the one leg stuff requires a bit more skill /practice so I only practice it in demo for now not on my live trades
  • #1,092
  • Aug 14, 2008 5:03am Aug 14, 2008 5:03am
i have 161.82 as yesterdauy close but can vary so 162.19/162.22 is ok for a short even if you have all of us against you as we are long from previous day

I stil have half a lot long at 161.90, I think i will close it if we break again 162 with a small profit because i am tired with it even if i catch swapp interest everyday.
We are at 162.24 now
  • #1,093
  • Aug 14, 2008 5:05am Aug 14, 2008 5:05am
the one leg stuff requires a lot of practice but can give a lot of rewards.
It costed me one arm one day on futures by badly managing it.
  • #1,094
  • Aug 14, 2008 5:10am Aug 14, 2008 5:10am
Thanks Spieler that explains the confusion . I might be the only one in a short trade as I have no other trades from previous day.
  • #1,095
  • Aug 14, 2008 5:16am Aug 14, 2008 5:16am
Thank spieler ,i will pratice more in demo to mananging all lot.
I think i can catch up what u teach and advice.
  • #1,096
  • Aug 14, 2008 5:17am Aug 14, 2008 5:17am
" Re-entry. Wait for price to go another -0.50 from the price at which you exited your last lot. Example: You entered at -0.25, again at -0.50, then you exited lot entered at -0.50 on pull back to -0.25. Now you must wait for -0.75 to re-enter."

Any one has tried this system with martingale technique?

Why not double position and when it gets profits enough close ALL opened orders?

Why close the last orders and let the first ones opened? If we believe the market will come beck to us, why close the most recent orders, those with smaller profits?
{Promotion Removed}
  • #1,097
  • Edited 4:52pm Aug 14, 2008 5:25am | Edited 4:52pm
Quoting Forturama
" Re-entry. Wait for price to go another -0.50 from the price at which you exited your last lot. Example: You entered at -0.25, again at -0.50, then you exited lot entered at -0.50 on pull back to -0.25. Now you must wait for -0.75 to re-enter."

Any one has tried this system with martingale technique?

Why not double position and when it gets profits enough close ALL opened orders?

Why close the last orders and let the first ones opened? If we believe the market will come beck to us, why close the most recent orders, those with smaller profits?
Market is unpredictable .................don put all your eggs in one basket,,,
  • #1,098
  • Aug 14, 2008 5:31am Aug 14, 2008 5:31am
I dont like the martingale thing owner of casinos do like them.

We close the last one with profit to add to our margin and to lighten the position.

On a general manner i saw many people buying for exemple eur/usd at 1.40, it drops they buy more at 139.50 it goes up to 139.70 then down to 139 etc ..
The add at 139.50 is loosing now as the first entry. The trader always waiting to go to 139.75 to get back even before cutting.
I dont do that ,i can add at 139.50 but will get out at 139.65 for exemple not trying to scale out at the top.
doing that i lower the entry price of the first call, i call that working a position and that is why for me entry point is not that important but working around is paramount.
i could say if it rains i am going to buy and if weather is fine i will short and have a positif system as soon as i know how to manage my following trades but that is an other story.
  • #1,099
  • Aug 14, 2008 5:45am Aug 14, 2008 5:45am
Thank Spieler you for your answer, more useful than "Market is unpredictable.... "


"We close the last one with profit to add to our margin and to lighten the position".

I understand your point, but if you let opened the last position does not this mean that you believe market will move on your favor?

PS: avez vous reçu mon PM?


Quoting spieler
I dont like the martingale thing owner of casinos do like them.

We close the last one with profit to add to our margin and to lighten the position.

On a general manner i saw many people buying for exemple eur/usd at 1.40, it drops they buy more at 139.50 it goes up to 139.70 then down to 139 etc ..
The add at 139.50 is loosing now as the first entry. The trader always waiting to go to 139.75 to get back even before cutting.
I dont do that ,i can add at 139.50 but will get out at 139.65 for exemple not trying to scale out at the top.
doing that i lower the entry price of the first call, i call that working a position and that is why for me entry point is not that important but working around is paramount.
i could say if it rains i am going to buy and if weather is fine i will short and have a positif system as soon as i know how to manage my following trades but that is an other story.
{Promotion Removed}
  • #1,100
  • Aug 14, 2008 1:59pm Aug 14, 2008 1:59pm
well richard, thanks very much for the clarification as this will be very useful to everybody (and not only me) for understanding your table and then spieler strategy...

I can't wait to the hear about the ' cutting one leg ' thing from spieler...

Thanks to all of you for making this thread so good...

Have a good night,
BD
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