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Hedge trading spieler system derived from futures spread trading

  • #1,141
  • Aug 15, 2008 7:21am Aug 15, 2008 7:21am
Quoting spieler
long 1.6150 1 lot
What was the reading of the decorelation at that time?
-0,25% exactly or -0,28%?
  • #1,142
  • Aug 15, 2008 7:23am Aug 15, 2008 7:23am
Quoting pipsalot
Long at 1.6162

EU @ 1.4716
UC @ 1.0984

Same here. Decorelation showed -0,20%.
I entred before 0,25% because i want to test something.

patience would have payed off
  • #1,143
  • Aug 15, 2008 7:25am Aug 15, 2008 7:25am
Quoting bennyFX
Same here. Decorelation showed -0,20%.
I entred before 0,25% because i want to test something.

patience would have payed off

My decorrelation at that time showed -0.25%
  • #1,144
  • Edited 7:42am Aug 15, 2008 7:29am | Edited 7:42am
Anyone using alpari mt4 ,becareful of eur /chf closing price compare to other company -+10 pips.
  • #1,145
  • Aug 15, 2008 7:33am Aug 15, 2008 7:33am
Quoting pipsalot
My decorrelation at that time showed -0.25%
Compare closing price from yesterday: mine is 1,6198 at 0:00 GMT +01:00
  • #1,146
  • Aug 15, 2008 7:36am Aug 15, 2008 7:36am
was -0.34% compared to yesterday close at gmt + 0
but i had to wait 0.25 under 161.90 my last entry point ( remaining 1/2 lot) so 161.50 exactly
sharp entry so far
  • #1,147
  • Aug 15, 2008 7:38am Aug 15, 2008 7:38am
Quoting bennyFX
Compare closing price from yesterday: mine is 1,6198 at 0:00 GMT +01:00

Mine is 1.6203 at 0:00 GMT... 1.6203 - 0.25% = 1.6162

Yours should have been 1.6198 - 0.25% = 16157

So we're pretty close :-)
  • #1,148
  • Aug 15, 2008 7:44am Aug 15, 2008 7:44am
Looks like market will leave my buy order at 1.6150 in the dust. Better luck next time. Maybe Eur/Chf will retrace. Let's see. A retrace from here is sign of weakness and will make me uneasy, but I will buy, according to method. Now, another pot of coffee.
Vincit qui se vincit.
  • #1,149
  • Aug 15, 2008 8:02am Aug 15, 2008 8:02am
Weekly low Eur/Chf before today was 1.6157, which we have broken this last hour. We are also at .0050 level which has psychological valence. A break of 1.6150 by more than a few pips could indicate a large move down. I may be all wrong, but be prepared. If there is more decline, I will buy again near 1.6125, -4 standard deviations on channel I use. This is NOT trading advice, only my approach to trading this market today. Ps. Have just been filled at 1.6150.
Vincit qui se vincit.
  • #1,150
  • Aug 15, 2008 8:09am Aug 15, 2008 8:09am
I read somewhere : never trade the fridays....?

I went long at 1,6162 after waiting a little to see if there was no more momentum in this down move. I was right at least for 15mn!

Well now we are at 1,6148 which is approx -0,32% is should have waited...

Patience, patience, i don't have enough...

BD
  • #1,151
  • Aug 15, 2008 8:20am Aug 15, 2008 8:20am
Quoting boeingdriver
I read somewhere : never trade the fridays....?

I went long at 1,6162 after waiting a little to see if there was no more momentum in this down move. I was right at least for 15mn!

Well now we are at 1,6148 which is approx -0,32% is should have waited...

Patience, patience, i don't have enough...

BD
Next entry should be at -0,50 % today. Right?
So -0,25% plus -0,25% =-0,50% which should be around 1,6117.
  • #1,152
  • Aug 15, 2008 8:23am Aug 15, 2008 8:23am
well for me -0,5% is around 1,6122...

which i guess is close enough from yours...
  • #1,153
  • Aug 15, 2008 8:27am Aug 15, 2008 8:27am
My -0.50 is at 1.6120. Anyway close enough to the "right" level.
  • #1,154
  • Aug 15, 2008 8:29am Aug 15, 2008 8:29am
Quoting fourth
Just a small contrib. A bit of effort could come up with something way more useful than this but here are a few little script I whipped up to play with this system.

Up : Open a pair of positions. You would use Up when the Spillman indicator is negative. Up simply means you wan to profit when it goes... up.

Down : ...well down.

Each script encodes the comment field with a letter. First trade you place will open two legs with A, next trade two with B etc. This is to allow other scripts indicators and EA's to easily find the pairing information.

Close : This script will close all trades with a certain comment, for example A. When you drag this one to the window you have to place something in the input field. The case must be exact, just to make sure you are doing what you expect. You might have to Go Tools>>Options\Expert advisor's and Enable The EA's in order for this to work.

I use a modified version of these against oil contracts on a live account mostly to reduce the amount the market moves between opening and closing the legs. These scripts are not elegant but they have not cause any problems for me yet. Test them in demo first an use them at your own risk.
fourth-

Could you please explain a little more on how to use your 'Close' script. Could it be set to close a EUR/USD-USDCHF hedge position when the price of EUR/CHF reaches a certain level?
  • #1,155
  • Aug 15, 2008 8:41am Aug 15, 2008 8:41am
Quoting spieler
System is profitable without leg think which is cherry on top of the cake.

I will not recommand to beginners in spread trading to use it before 6months of gains using the normal hedging approach indicated in this thread.

I know that if i try to explain to the majority of yours how it works they will give it more than a try , i KNOW that because it is human nature .

I would prefer that you read a tony robbins book for exemple will be more profitable by far.

Once i will evaluate the time ready for that i will deeply explain without responsibility for the use.
I bear zero responsibility we all are adults . Euh i think so ........

Trade safe
spieler-

I for one am not going to play with the leg thing on live trades until you deeply explain everything about how it should be used.

But whenever we open/ close any trades we always have to enter/exit one leg first and then the other so it's good to clarify the rule on which leg should be first.

So just to clarify, the rule is when exiting always close the loosing position first (or if both legs are winning then close the one winning the least first).

When entering always enter first the leg which is going in the same direction of your intended trade. Example, entering the hedge short and EUR/USD is going down then enter that first.

Is that correct?
  • #1,156
  • Aug 15, 2008 9:06am Aug 15, 2008 9:06am
For my approach, next entry moved down to 1.6121, as levels move along with increasingly negative accumulation of price values.
Vincit qui se vincit.
  • #1,157
  • Aug 15, 2008 9:19am Aug 15, 2008 9:19am
another long position at 1.6112
  • #1,158
  • Aug 15, 2008 9:33am Aug 15, 2008 9:33am
Quoting Pippopotamus
For my approach, next entry moved down to 1.6121, as levels move along with increasingly negative accumulation of price values.
I added one more lot at 1.6122, based on the -0.50% mark.
  • #1,159
  • Aug 15, 2008 9:41am Aug 15, 2008 9:41am
one more lot at 161.10 -0.25% under last lot
  • #1,160
  • Aug 15, 2008 9:54am Aug 15, 2008 9:54am
I'm 2 lots long now.

Spieler, did you add your second or is this your third since you already had 1 lot from couple of days ago?
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