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Hedge trading spieler system derived from futures spread trading

  • #1,221
  • Aug 18, 2008 10:41am Aug 18, 2008 10:41am
Hello,

I have closed the friday position for a profit when it went up in the 40 something level.

Shall we short now or we will wait the close of the day and take new trade tommorow taking consideration the today close at 12 GMT.

Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #1,222
  • Edited 4:51pm Aug 18, 2008 10:44am | Edited 4:51pm
Thank you for the ea . But what I think is that you either did not understood my request(Spielers) ,or the system, or both . Let me explain in an example. We started the day with Eur/chf at 1.6140 ( the close of previous day gmt 00). Later Eur/chf dropped to 1.6100 . here we go long on eur/usd and usd/chf and we call this position lot A. Eur/Chf drops more to 1.6060 . Here again we go long with Eur/usd and Usd/Chf and we call it Lot B. Eur/Chf drops more to 1.6020 .again we would go long eur/usd and usd /chf and that would be lot C.What we would like an ea to do is to close each lot separatly . ie when Eur/Chf retraces to 1.6060 we should be able close lot C only so that we do not miss the chance of pocketing some cash and increasing our buying power in case eur/chf reverses again and goes south to 1.5080 . Same applies to lot B and A.
By the way your advice about the cofee is a good one . I need it. thanks
  • #1,223
  • Aug 18, 2008 11:30am Aug 18, 2008 11:30am
Mate,

I thinK we dont take in consideration Sunday 12 gmt time.
We take in consideration friday close and we had two lots going long from friday 0.25 0.50 levels.

Today it retraced back in 40 something so I closed for a profit the trade which is initiated on friday with Thusday closed price in 12 GMT.

So were I didnt understood correct?

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #1,224
  • Aug 19, 2008 2:12am Aug 19, 2008 2:12am
"To neutralise the usd problem and be in market neutral ( very important point always put aside by 80% od spread traders) you have to take 1 lot of euro/usd for every 1.5 lot of usd/chf and actualise this ratio each time eur/usd mooves a lot to try to be close to a market neutral position".


spieler or some of you geniuses out there could you explain how you arrived at the the ratio of 1 eur/usd to 1.5 usd/chf to have a marker neutral position please please!
  • #1,225
  • Aug 19, 2008 2:51am Aug 19, 2008 2:51am
Quoting fewhills
You must look at the base currencies you are going to trade, which are EURUSD and USDCHF. So 1 EUR against 1 USD. To determine the lots you have to look at the value of the EURUSD pair.
So EUR:USD which now is near 1 : 1.4727.

Credits to "fewhill"
  • #1,226
  • Aug 19, 2008 2:51am Aug 19, 2008 2:51am
Quoting FXSnipe
"To neutralise the usd problem and be in market neutral ( very important point always put aside by 80% od spread traders) you have to take 1 lot of euro/usd for every 1.5 lot of usd/chf and actualise this ratio each time eur/usd mooves a lot to try to be close to a market neutral position".


spieler or some of you geniuses out there could you explain how you arrived at the the ratio of 1 eur/usd to 1.5 usd/chf to have a marker neutral position please please!
http://www.forexfactory.com/showpost...postcount=1128
  • #1,227
  • Aug 19, 2008 3:13am Aug 19, 2008 3:13am
bennyfx and fewhills, thank you very much
  • #1,228
  • Aug 19, 2008 6:19am Aug 19, 2008 6:19am
Anybody on a position still? Not much happening today on the London session.
  • #1,229
  • Aug 19, 2008 7:02am Aug 19, 2008 7:02am
Quoting Peikko
Anybody on a position still? Not much happening today on the London session.

I'm flat, having closed my position near yesterday's peak for a nice profit. Waiting for a new move now. Some news coming out soon, maybe it'll shake things up a bit,
  • #1,230
  • Aug 19, 2008 7:08am Aug 19, 2008 7:08am
I'm out too. Closed the long trade on the peak as well and took short immediately yesterday. Closed that on the evening with a small profit. This is by far the most stress free way to trade, never been so easy and fun!
  • #1,231
  • Aug 19, 2008 7:36am Aug 19, 2008 7:36am
I am still on a one long position taken on Aug 15 at Eur/Chf 1.6152 . I am following Spieler's rules to the pip
  • #1,232
  • Aug 19, 2008 8:11am Aug 19, 2008 8:11am
Quoting harar
I am still on a one long position taken on Aug 15 at Eur/Chf 1.6152 . I am following Spieler's rules to the pip
Im trying to learn how to "work on the position"
  • #1,233
  • Aug 19, 2008 8:32am Aug 19, 2008 8:32am
Alo alo,

The sys is super .

The working of the position is matter of live expirience and screen time.

The real problem is the high amount of capital required to work this sys,lol
100 K will be fine for this sys.10 k is peanuts,lol.

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #1,234
  • Aug 19, 2008 9:56am Aug 19, 2008 9:56am
Hi, M. Spieler
In regard with speed, pace .. please do you think it could be possible to be a bit specific ? Is it only a feeling stuff or did you get - by experience - some more precise specifications ... number of pips vs time for instance ?

TIA

Regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #1,235
  • Edited 12:47pm Aug 19, 2008 12:32pm | Edited 12:47pm
Alo alo,


I would like to contribute a litle tool in the thread.

I wrote a small alert wav file saying "Spieler Level Alert"

http://www.forexsharing.com/842738

So if you have many mt4 platforms running you will be able to have a specific alert for decorellation in the o.25 increments
There are indicators(EU-UC hedge indicator) with alert functions in the previous posts.

You go in your mt4 files ,you locate the sounds folder and replace the alert file with this one.Rename the previous one as old if you want to revert.

I wish someone will find it usefull.

Enjoy

B
Learn something difficult and earn real money for ever, a lot.
  • #1,236
  • Aug 19, 2008 4:21pm Aug 19, 2008 4:21pm
Thanks for the Alert. Sounds funny. I'll give it a try.
  • #1,237
  • Aug 19, 2008 5:11pm Aug 19, 2008 5:11pm
What did you want me to record?

"Bennyfx motherfisher wake up ,Spieler level is here time to make some mula ??

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #1,238
  • Aug 20, 2008 4:09am Aug 20, 2008 4:09am
Good Morning Everyone,

So today I am waiting to go short one lot if this baby reaches 1.6178 and also maybe closing one (long) lot from few days ago at around 1.6202 who has been running for a little bit now.

Have a great day
BD
  • #1,239
  • Aug 20, 2008 4:38am Aug 20, 2008 4:38am
Quoting boeingdriver
Good Morning Everyone,

So today I am waiting to go short one lot if this baby reaches 1.6178 and also maybe closing one (long) lot from few days ago at around 1.6202 who has been running for a little bit now.

Have a great day
BD
Short 1 Lot EUR/USD & 1,5 USD/CHF
@ EUR/CHF around 1,6175
  • #1,240
  • Aug 20, 2008 4:38am Aug 20, 2008 4:38am
I'm short at 1.61754
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