Hedge trading spieler system derived from futures spread trading

It looks like the euro is taking a hit, seems like a nice run to those who held to their shorts. Still holding 2 long positions

Just to let you know that some are not following my mm system
not a problem but more dangerous
You have to take into consideration yesterday close before entering a new lot and not your entry point

Two long positions from yesterday, its pretty close to the -0.25% from today. Entries was maid by the book. What do you mean with your comment?

Thanks Speiler!

yesterday's close was at 1.6167, so we should entry at -0.25 from that price so at 1.6126 or lower, depends how fast market is.

Exactly. And some of us has still two open long positions from monday.

Peikko
if you follow by the book you cannot have 2 open positions on monday.

Sunday close is lower than friday so you have to take it as your reference

Sunday close is 162.32
first entry is 161.91
second is 161.51 and this point has never been quoted yesterday

I think I get spieler's warning. May I suggest to avoid confusion to say that if you are long or short to specify from which day as others could have short positions from 1 or 2 dys ago whilst others will initiate longs on the present day.But on the present day the basis should be the same whether one is long or short from prevoius days.

Spieler, have you tested this suystem form looking at weekly closes rather than daily closes?

Ok, i have understood that part wrong. I tought that on monday we use friday as a reference.

Actually now when i checked my charts +2 GMT, we did hit the second position also yesterday (if i should have been using sunday as a reference). Lets see how things work out now.

Thanks for clarifying that!

Long @ 1.6118.

161. 20 in one lot long

spieler, would you share as to how you salvage a hedge gone bad? Do you ever cut the whole position? at what uncle point?

every case is different i cannot give a generic answer.

It almost never happens that i close a position with a loss ( by position i dont mean 1 operation but a serie in the same TRADE).

It can happen sometime that i close the last lot or the 2 last ones if i get global profits by working the position and am tired to hold it.

I am now with two lots long, entered my second lot where you entered your first.

161. 05 in 2nd lot long, 1st position from Monday

Thanks spieler, this is the most stress-free system i have ever seen.Thanks for sharing this and I am sure everyone here is grateful to you for so unselfishly sharing your knowledge with all of us. May god and the gods bless you - it'll surely come back to you in may ways!

I've been testing this system only for three weeks so i'm really glad that this exisisting situation occurs. I'm now 3 postions long (two from yesterday and one today). I maid entries by the book. It doesn't matter that my MT4 is +2 GMT, if the movement would have been to the north all the GMT users would be in the same sitation (assuming they would have started testing this system yesterday and wouldnt have had any open positions).

I'm using very strict money management so thers no worry about this small loss that i'm having now. We are at the moment around -38% from monday and most likely we going to close the day around this area. My question is - If we close at this level, my actual situation is -88% from monday opening. Should i still wait tomorrow -50% to add the next position? that would place me to -1.38% from the beginning. Second question is - how many positions you have had in one trade at maximum?

No worries, just asking and trying to learn!

You have to wait either yesterday close -0.50% or your last entry point -0.50% whatever is the lower ( conservative approach)

from my memory i had a couple of time 7 or 8 positions in several years.

Usually it does not go beyond 5.

little bit up today i am waiting exit point or second level entry long

Hi all,

Running some paper trades to get a feel.

I did some searches and didn't find the answer to my question.

How do you all manage your trades? Given a 24 hour market, and at times the powerful market energy, it would seem there is a risk of not being on top of things the moment a trade needs to be carried out.

I read about an EA that seemed to have issues in certain versions but the conversation on that seemed to stop.

From a mechanical standpoint, one could enter stop orders at predetermined prices. Issue could be getting the stops picked off - especially at larger position sizes.

OR is it a case of....if you miss an opportunity you manage the situation get out at the profit that might still be there, trade your way out or add to the existing and repeat the process?

Thanks for the help!
BR

spieler, just a side topic in one of your posts you said .."trading can be boring sometimes".. as we were waiting for -0.25% or 0.25% to be hit, just wondering what some of you full-timers do during this time ? Well I am busy with a report to submit to my boss...ya, life of an engineer!

I have other systems triggering more trades than this one.

Seems that eur/chf choppy today