Hedge trading spieler system derived from futures spread trading

I told to my friend about this system,he just give me the answer why not you just long /short pair eur/chf when going +-0.25.If we hedge also need to wait our entry point.I think also reasonable for answer.

Any ideas?

Mate,

Thank you for the indicators and the EA.

I cant attach those in the chart.

The mt4 doesnt respond in the attempt of insertion at all.

Anyone else having the same prob ?

Thank you

B

I cannot believe we are page 85 and this question still pops up??????????

PIPSROBBER

A kind member gathered all the juice from the thread in a pdf.

In this pdf you will find why it is not the same to short or long the EURCHF

in comparison with shorting or longing the two legs.

http://www.forexsharing.com/818613

Cheers

B

Zig ziglar said that in order someone to learn something he must hear it 16 times.

So we havent repeat the theory even 10 times so don't complain

Cheers

B

A good lesson : even me with big experience in spread trading i broke my rule yesterday by getting out too soon.
I would have wait the target i would have take 36 more pips.

I did that because day before we were at 75 and then get back to 161 so...


161.02 now i am flat waiting for some moove.

After one month of spread trading here we had only winners so far
100% of winners , we need to capitalise in case we have a bad serie one day.

I am stuck with one lot and a negative balance, but for now it doesn't bother me at all 'cause eurchf is in a range 1.6370-1.6040 for a long time now. That much I can handle. In the meantime I can compensate a little bit by doing trades with other currencies so was eurchf exceed these boundaries, I will be at no loss. Having in mind fundamentals, I see no reason why eur would make such a jump right now...

But for the future reference, I would keep in mind, that entering a short trade at the bottom of an established daily range is not the smartest thing to do, (at least the way I did it - too early).

lietuve
which entry point lot are you stucked in?

i suppose that you worked the position around and that globally this position is showing a profit?

I'm still long two full positions.
#1 taken 8/7 @ 1.6280 (was -.25% at the time)
#2 taken 8/8 @ 1.6240 (was -.50% at the time)
Had opened a 3rd position at 1.6166 (roughly -.50% from last position) but closed that today with a profit at 1.6210.

Mackus
you did not followed the system perfectly on that shot.
you should have entered a 4th lot , out with a profit now so you will be closed to even as of today.

I went short on eur/usd and usd/chf when eur/chf was at 1.6165. The +.25% level was at 1.6181 according to my chart, but the eur/chf slowed down at 1.6165, I was home from a long trip that lasted quite a few days, and I didn't want to miss a trade, so entered 16 pips earlier than I should. Now I am appr. -60 pips in eur/usd adn appr +20 pips in usd/chf. I didn't work out the position 'cause I see no danger to me at this time at all. Just a good lesson, 'cause when later the trade didn't go the way I expected I looked at the daily chart with weekly pivot and resistance levels on it and noticed how foolish I was to be in such a haste, when actually I should have bought Support 2 level and should have held that trade until now. You, guys bought it, but I was on a trip, with the laptop, but didn't dare to trade while driving .

See, in forex one should manage not only trades, but her own temper too! I attached that daily chart too, for you to see what I am talking about.
Cheers, mr. Spieler.

Hi Swingman, I really appreciate all the help you gave us with your indicators. They have helped me alot with my trading. Thank you!
I cannot seem to open these two indicators on my mt4 platform, any help?
Also, is it possible for you to add sound alarms on the "NeutralHedge oLogPriceDiff" indicator at a certain level that I can set, e.g. 0.2350 or 0.2450 or 0.2410 etc OR when a bar reaches the upper, lower and zero line?

spieler, You did mean 161.82. No?

"I went short on eur/usd and usd/chf when eur/chf was at 1.6165. The +.25% level was at 1.6181 according to my chart, but the eur/chf slowed down at 1.6165, I was home from a long trip that lasted quite a few days, and I didn't want to miss a trade, so entered 16 pips earlier than I should. Now I am appr. -60 pips in eur/usd adn appr +20 pips in usd/chf. I didn't work out the position 'cause I see no danger to me at this time at all. Just a good lesson, 'cause when later the trade didn't go the way I expected I looked at the daily chart with weekly pivot and resistance levels on it and noticed how foolish I was to be in such a haste, when actually I should have bought Support 2 level and should have held that trade until now. You, guys bought it, but I was on a trip, with the laptop, but didn't dare to trade while driving" .
Lietuve,

It seems you are combing this system with pivot, s/r etc? Doesn't this add confusion to the mix, if eur/chf reaches 0.25% the system says you must sell. I really think that you should trade this system 'cleanlly'. I'll tell you why. If you are like me who has spent the last 5 years studying all kings of TA out there mixing different indicators most often than not only lead to inconsistent results. I think one will get to know the nuances of the system and hotw to deal with it if you follow the system 100% of the time , no questions asked or justify actions byy looking at other indicators.

I would to get a view from spieler and other members on this.

FXSnipe

Spieler, I have a general question about this system.

Yesterday I went short at 1.6178, which was my +0.25% point for that day. My +0.50% point was 1.6218, but it was not reached yesterday. So today, according to the conservative entry rules, I need to wait until 1.6238 to enter a second lot. My question is, by waiting for 1.6238 instead of 1.6218, would it not be true to say that I could miss a retrace? If I enter a second lot at 1.6218 and price goes to, say, 1.6220 and then retraces, my total position could show profit. By waiting for 1.6238, are we not missing a possible profit?

I think bro pipsalot should entry the price +0.25 on according 1st lot(1.6218) .Not daily +0.25.
we always cant catch the 100 percent of profit in any system.

I'm in the very same situation like you Mackus, still with 2 long lots opened and closed 3rd lot for a nice profit. Patience is the name of the game for us now

@swingman: How much profit do you fill in the TakeProfitPips field?

I've also noticed that trades are closed with only 17pip profit if you fill in a 20pip target. Is that because the rates are already changed between order command and execution?

I don't see the 4th entry. It would have had to be -.50% from my 3rd entry(1.6166), that would have been 1.6086 which was never reached on my platform. The lowest I show is 1.6095 on 8/17. Now, I have taken profit on 3 different occasions since my first open, which I should have mentioned. I'm still negative for the entire trade, not including the negative swap my broker charges for the leverage I'm currently using.
Looking to renter 3rd long position at 1.6162. -.25% for the day and -.50% from my last entry.

long eu 1,4834
long uc 1,0893
ec 1,6154 -0,26%