Hedge trading spieler system derived from futures spread trading

Out half 1.6155 +45pips

Makus you never entered 4th lot just because your 3rd lot was too late entry not following the system

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[/quote]

Thanks Fxsnipe, for pinpointing my mistake. If you were right, I would have learned something. But in this case it is just misunderstanding. Yes, I posted daily chart with weekly pivots and resistance levels to show mr. Spieler what I was talking about (eurchf beeing in the established range), but I do not trade Spieler's method from this daily chart, I have Spieler's hourly chart, with the same indicator as you guys do and I do trade from that chart almost to the point, oh well, sometimes I wait for a price to hesitate for some time if the move is fast, - that's not against the method.
Funny, you said you spent 5 years studying forex, I did it for 8 years and still in the markets (I have blown an account or two at the begining - now forex pays my bills), this method is new to me, that's why sometimes I step aside and look at the position I hold from the larger time frames and calculate how much risk is involved and how I am going to handle it according to my experience. I trade alive and I am responsible for my account, not mr. Spieler.

Spieler, what do you think about the suggestion someone posted some time ago to use opposite ratios instead of going short?

Also, what do you think about my question in post 1275?

Thanks.

closed with very small profit, cause i dont want to babysit and i dont have automatic close.
1,4866 and 1,0874

lietuve,

My apologies I completely misunderstood your post and thought you are testing this system to the last rule to see how it performs and find out about its nuances and how to deal with expected occurences. There are many ways to make money and have made a lot of pips using TA only to bleed it back to the market , thas why this method interest me, not that it doesn't lose but the approach is something totally new to me and im grateful to spieler for sharing it with everyone 4 free. All the best.

FXSnipe

I forget to mention that when scaling out first lot with +40 remaining should be out at BE
so i am close to cut remaining position

.#
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?#


Yes but it is less important than waitin more to get a better entry in case of a trendy market.
Conservative is paramount and missing one trade is nothing on the long term, and we all want to live in the LT.

#I trade alive and I am responsible for my account, not mr. Spieler.#

THis is really important and i am 1000% in accordance with that.

I showed a system but you need to adapt it , once perfectly understood, to be confortable with.

THis is the way i built it traded it and won with it but you can adapt it and winn more or less as soon as you use a sound mm approach

Swingman what's thin SpielersHedge_Library.mqh that pops up when I try to compile it in MetaEditor? Where can I find it?

On the other hand, neither EA nor indicator can be loaded onto the chart.

Alo alo,

I have the same prob with swingman indis.I send him a pm and i am waiting too for a solution.

Cheers

B

Hi spieler,

I am a silent reader of your thread since the beginning and I am at present still demoing your method with above average success due to my beginner's hands. I am very confident that your method can bring great success if I am able to follow the basic rules and the MM properly.

I want to thank you for all your kindness.

You are right, because I posted the .mq4 and not the .ex4.
OK, here is the include file, please copy this in ...\experts\include
I poste also the .ex4 files
.

Spieler, thanks a lot for clearing that up for me.

It's a two legs winner !

Thks M. Spieler

BBF

Opened a 3rd position at 1.6162 yesterday and closed last night at 1.6202 for a nice profit.

Bravo ! to all the winners
I am cash now waiting a signal perhaps a short if it continues this way.

FWIW I will short at 1.6220...+2 SDs on 10 day H1 regression channel. PS. Thank You Mr. spieler.

pace is very fast i am still waiting depsite the fact we are at 0.31%

I'll wait until 1.6250 -1.6260 area. Theres no resistance before that level. Not by the book, but trying to make good decisions.

Shortnat eur/chf 1.6230

Will sell again at 1.6255 for second entry.