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Hedge trading spieler system derived from futures spread trading

  • #1,161
  • Aug 15, 2008 9:55am Aug 15, 2008 9:55am
hi guys. see if this indi can help with entries. it is one i am working on... maybe look for atr values in row 1 that exceed 110-120%. (it turns yellow over 100%).

let me know...
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File Type: ex4 ATR-Check2.ex4   8 KB | 6,836 downloads
  • #1,162
  • Aug 15, 2008 10:03am Aug 15, 2008 10:03am
“#Spieler, did you add your second or is this your third since you already had 1 lot from couple of days ago?#

2 and a half . first lot was sold at +0.25% +40pips but only half
  • #1,163
  • Aug 15, 2008 10:13am Aug 15, 2008 10:13am
I was filled at 1.6121 Eur/Chf. Increased pos. size by 6/8.82 lots Eur/Usd to Usd/Chf. Increased position by factor 3/4.41 x 2 = 6/8.82. Total position is 9/13.23 lots ratio Eur/Usd to Usd/Chf. TP is 1.6139. Next buy at 1.6100 and will double position size again with TP at 1.6115. Total will be 27/39.69 lots Eur/Usd to Usd/Chf. Beyond this, -5SDs, I will not add to position. If you are worried about me, I am at this time trading this method with MICRO lots so total will be 2.7 mini lots Eur/Usd to 3.969 mini lots Usd/Chf. This is not trading advice, only the way I am trading this market today. Did anyone say this was stress free way to trade??
Vincit qui se vincit.
  • #1,164
  • Aug 15, 2008 10:23am Aug 15, 2008 10:23am
stress free not good for trading low stress better
so far i have only 2.5 lots so have no probleme with that position
  • #1,165
  • Aug 15, 2008 10:25am Aug 15, 2008 10:25am
In fact, next buy has moved down to 1.6090, because of increasingly negative accumulation of price values.
Vincit qui se vincit.
  • #1,166
  • Aug 15, 2008 10:31am Aug 15, 2008 10:31am
So far have .9/1.323 mini lot pos. size(3 buy entries). Not much at all. Stress comes from watching market move against my position. But, in fact I am not surprised by this move once Eur/Chf broke weekly low.
Vincit qui se vincit.
  • #1,167
  • Aug 15, 2008 11:14am Aug 15, 2008 11:14am
Question - Is it safe to enter positions at any point past +/-0.25?

The scenario I'm talking about - say the market is at +/-0.60% and you missed earlier positon - is it safe to go long/short at that point or any point for that matter past +/-0.25?

Thanks

Red

Quoting spieler
stress free not good for trading low stress better
so far i have only 2.5 lots so have no probleme with that position
  • #1,168
  • Aug 15, 2008 11:36am Aug 15, 2008 11:36am
Quoting redart007
Question - Is it safe to enter positions at any point past +/-0.25?

The scenario I'm talking about - say the market is at +/-0.60% and you missed earlier positon - is it safe to go long/short at that point or any point for that matter past +/-0.25?

Thanks

Red
To answer your question: YES
  • #1,169
  • Aug 15, 2008 11:49am Aug 15, 2008 11:49am
Eur/Chf consolidating for 2 hrs now at just above 1.6100.
Vincit qui se vincit.
  • #1,170
  • Aug 15, 2008 11:50am Aug 15, 2008 11:50am
spieler-

Entered lot1 long today at -0.35 (delayed entry due to previous days closing price). Just entered lot2 at -0.65 (delayed entry due to market speed). Important question: Should I still be targeting pb of 0.25 to exit or try to hold to next level up and maximise pb profit. What is the rule?
  • #1,171
  • Aug 15, 2008 12:05pm Aug 15, 2008 12:05pm
The rules are not engraved in marble

It will depend . you can scale out half at +0.25% for exemple and get out remaining higher
But if pace goes fast like the dip we get 2 hours ago you can keep it a little bit higher.

So far we are stucked around 1.61 and will certainly be investors for the week end
  • #1,172
  • Aug 15, 2008 12:39pm Aug 15, 2008 12:39pm
Agreed, unless we have a miracle. I am thinking that in the future I may wait for consolidation paterns around levels rather than just entering mkt when level is touched. So may watch several charts H1, M15, M5, perhaps, to detect when move is slowing and about to turn. In this way we may not enter 1st pos. untill +-3SDs in my approach or perhaps +-.50% in classic approach. May increase pos. size as point of entry corresponds to greater extent of divergence. Voire, if slowing/consolidation not seen untill +-.50% enter 2 positions, 1 for level .25% and 1 level for.50% etc.
Vincit qui se vincit.
  • #1,173
  • Aug 15, 2008 12:44pm Aug 15, 2008 12:44pm
Quoting Pippopotamus
Agreed, unless we have a miracle. I am thinking that in the future I may wait for consolidation paterns around levels rather than just entering mkt when level is touched. So may watch several charts H1, M15, M5, perhaps, to detect when move is slowing and about to turn. In this way we may not enter 1st pos. untill +-3SDs in my approach or perhaps +-.50% in classic approach. May increase pos. size as point of entry corresponds to greater extent of divergence. Voire, if slowing/consolidation not seen untill +-.50% enter 2 positions, 1 for level .25% and 1 level for.50% etc.
I was thinking exactly the same, but at the end of the day thats not the point with this strategy, so i'm going to stick with the rules. We are not scalping and this strategy has proved it works.
  • #1,174
  • Aug 15, 2008 12:49pm Aug 15, 2008 12:49pm
In fact, Spieler watches market speed and waits at times to enter beyond .25% ,for example, if market is moving too strongly in his experienced judgement.
Vincit qui se vincit.
  • #1,175
  • Aug 15, 2008 1:01pm Aug 15, 2008 1:01pm
Quoting Pippopotamus
In fact, Spieler watches market speed and waits at times to enter beyond .25% ,for example, if market is moving too strongly in his experienced judgement.
True, but i meant that if you'll start to think "too much" the entry point based on 15min, 1min and all the different lagging and leading indicators, you'll loose the basic idea of this system. Of course it's wise to watch the market speed, pivots etc.
  • #1,176
  • Aug 15, 2008 1:17pm Aug 15, 2008 1:17pm
Quoting spieler
The rules are not engraved in marble

It will depend . you can scale out half at +0.25% for exemple and get out remaining higher
But if pace goes fast like the dip we get 2 hours ago you can keep it a little bit higher.

So far we are stucked around 1.61 and will certainly be investors for the week end
spieler-

Oh....No rule You mean we may have to be learn to be traders and trade this move using some discretion.
OK, no problem, I think you have been teaching that from the start

Thanks yet again.
  • #1,177
  • Edited 4:19pm Aug 15, 2008 4:02pm | Edited 4:19pm
Thank you very much for your method .

I think the next days we will see the pressing zone of this system .

My system saws that EURCHF has a long way to south yet, maybe 100 pips more.
http://www.forexsharing.com/532139

Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #1,178
  • Aug 15, 2008 7:56pm Aug 15, 2008 7:56pm
Quoting Richard
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?
Sure, the close script is actually unmodified from the one I use for closing trades for other strategies. You have to add an input, which is called TradeChar. It will then look over al your open trades and find all he trades that have that exact comment (Case sensitive)

For example if you use 'Up' Right now, with a $100000 account it'll create two trades EURUSD and UDFCHF at 1 and 1.5 lots. They will have a comment of 'A'. In a few days when we're back up at say -0.25 you decide to exit the two trades labelled with A. You drag 'Close' in to the window and Set the TradeChar to A. Close will then search for all trades with a comment of A and close them.

Remember I wrote this to close trades -quickly-. I wrote it about 2 months ago back when oil was in the high fourties and the individual contracts moved so quickly that I could lose my profit in 5 seconds if the closue of the second leg took to long. If the broker requotes you the script just keeps hammering the closure until it does what you want... Like I said not elligent, but effective.
  • #1,179
  • Edited 10:07pm Aug 15, 2008 8:56pm | Edited 10:07pm
you guys have only 2 or 3 lots and you are already playing panic on board

The more you loose the more you gonna win with this system.

So far my potential lost represents 0.75% of the capital ( without taking into account that this position already gave me 80 pips profits) .

Next step waiting -0.25% under friday or sunday close or 0.50%.
I dont know yet because i have 2.5lots ( error from me i should have cut this one in profit easy ).

So everything normal so far , we cannot make only a lot and get out with average profit we need big ones sometimes and big ones start with average loss with this system.

Your attitude is normal because lack of confidence because lack of practice on the system.
That s why you have to practice 3 months demo before jumping real , You have time dont rush.
So dont try to invent new rules like waiting mm or stos or i dont know why..........

we will see if there is an other drop of 100 pips as suggered in a post, No problem having 200 pips against us ,
So far i have only 27 pips lost on the 2 last ones and more on the half position.
trade safe and have a great week end
  • #1,180
  • Aug 15, 2008 9:41pm Aug 15, 2008 9:41pm
Quoting fourth
Sure, the close script is actually unmodified from the one I use for closing trades for other strategies. You have to add an input, which is called TradeChar. It will then look over al your open trades and find all he trades that have that exact comment (Case sensitive)

For example if you use 'Up' Right now, with a $100000 account it'll create two trades EURUSD and UDFCHF at 1 and 1.5 lots. They will have a comment of 'A'. In a few days when we're back up at say -0.25 you decide to exit the two trades labelled with A. You drag 'Close' in to the window and Set the TradeChar to A. Close will then search for all trades with a comment of A and close them.

Remember I wrote this to close trades -quickly-. I wrote it about 2 months ago back when oil was in the high fourties and the individual contracts moved so quickly that I could lose my profit in 5 seconds if the closue of the second leg took to long. If the broker requotes you the script just keeps hammering the closure until it does what you want... Like I said not elligent, but effective.
fourth-

Thanks, will give them a try.
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