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Hedge trading spieler system derived from futures spread trading

  • #1,381
  • Aug 27, 2008 4:39pm Aug 27, 2008 4:39pm
Quoting Big1red9
I am trying to boost results by looking at high swap yields. Crown is the only one I know of that doesn't pay nor charge a swap. In the end, the trade has to get done at the right price or there is no benefit. Assuming short 50% of the time, I guess the savings would be about 5 pips a week per position.

BR
Maybe you are right. Maybe not. Requoting and platform freezes might cost much more than 5 pips/week.
They are regulated by ARIF - antimoney laundering Swiss self-regulatory organization. I don't know how does it make your money safe if company, let's say, is undercapitalized. Their address is P.O. box. These are not Swiss bankers, respected all around the world. CF have chosen Switzerland as a location only for business purposes.
Yesterday, while digging up companies, I found one located in the middle of the Indian Ocean on a tiny Seychelles Island, doing business in the midst of local fisherman and turists. Well, local fisherman should have a lot of currencies from all around the world to trade through the local brokerage!

I wish you good luck.
  • #1,382
  • Aug 28, 2008 1:32am Aug 28, 2008 1:32am
Quoting lietuve
Yesterday, while digging up companies, I found one located in the middle of the Indian Ocean on a tiny Seychelles Island, doing business in the midst of local fisherman and turists. Well, local fisherman should have a lot of currencies from all around the world to trade through the local brokerage!

I wish you good luck.

hahahaha! This is so funny! I am not sure what the issue is here as this system makes money whether your broker has swaps or no swaps. LAst night when short, paid rollover and closed the trade for 20 pips profit.
  • #1,383
  • Aug 28, 2008 4:08am Aug 28, 2008 4:08am
spieler, i hope I am not bothering you with too much of my probing, just to focus a little bit on the mental side of this strategy, you mentioned patience being critical, you don have to reply this post but you can share some of your insights in this regard as we go along as you have been trading this year in and year out,.... for me I have come to realise that if there is any holy grail to trading this is it
  • #1,384
  • Aug 28, 2008 4:23am Aug 28, 2008 4:23am
I am sure your brokers love you all
  • #1,385
  • Aug 28, 2008 4:53am Aug 28, 2008 4:53am
Hello,

thanks a lot, spieler for this hedge system.

Yesterday started trying it out. 17.00gmt I went short and took a little profit this gmt morning (10 pips). I will go on following the thread and posting trades so I can learn.
I'd apprechiate corrections if I don't do things right.

Are you guys trading on 1h or on 4h?

I decided to trade on 1h if I'm close to the computer and on 4h if I'm busy elsewhere.

When do you enter the trade? On candle close or whenever divergence shows +25%or -25%?


Regards
  • #1,386
  • Edited 11:37am Aug 28, 2008 6:01am | Edited 11:37am
Hi,

second trade with spielers hedge system.

12:00gmt, 1h candle close -32% divergence.
I'm going long @1,6110

1 micro on eurusd
1,5 micros on usdchf

Is that right?

Let's wait and see



17:35 gmt

closed trades @1,6161

usdchf +85 = (85*1,5) = +127,5 pips
eurusd -71

total: +56 pips

interesting, if my calculations are not wrong ...


what do you think?


Regards
  • #1,387
  • Aug 28, 2008 6:10am Aug 28, 2008 6:10am
Closed the 3rd position yesterday for a profit. Opened another 3rd position just now long at EUR/CHF 1.6115.
  • #1,388
  • Aug 28, 2008 6:17am Aug 28, 2008 6:17am
1h ,4h same we are in %.

Just long 1lot at 161.15

i am very hunhappy i just dicsovered the yelllow stars stuff and this threat has none ;(

lol

ps : next week i will developp more on the fine tuning
  • #1,389
  • Aug 28, 2008 6:26am Aug 28, 2008 6:26am
Quoting spieler
1h ,4h same we are in %.

Just long 1lot at 161.15

i am very hunhappy i just dicsovered the yelllow stars stuff and this threat has none ;(

lol

ps : next week i will developp more on the fine tuning
spieler-

Really looking forward to that , thanks

Is my Post 1378 correct ?
  • #1,390
  • Aug 28, 2008 6:39am Aug 28, 2008 6:39am
Hi Spieler

Thanks for sharing Spieler Hedge System, I had be using it since beginning of august & it is working fine. However, i do have a question need to get your advice, do we need to wait till both divergence line actually cross the +/-0.25% b4 we put in the entry? Thinking might be safer if we do so...Pls advice


Thanks again
  • #1,391
  • Aug 28, 2008 6:54am Aug 28, 2008 6:54am
Quoting spieler
1h ,4h same we are in %.

Just long 1lot at 161.15

i am very hunhappy i just dicsovered the yelllow stars stuff and this threat has none ;(

lol

ps : next week i will developp more on the fine tuning
hahah! Not to worry about the stars for the moment, this will be the first thread to have 6 stars in no time! lol
  • #1,392
  • Aug 28, 2008 7:24am Aug 28, 2008 7:24am
Hi
Up to yesterday I had three long positions. The third one was at 1.6109 which was closed also yesterday at 1.6149. Today the price retraced back to 1.6109. Do I re enter again the third position at this rate ?

Thanks in advance
  • #1,393
  • Aug 28, 2008 7:59am Aug 28, 2008 7:59am
Quoting harar
Hi
Up to yesterday I had three long positions. The third one was at 1.6109 which was closed also yesterday at 1.6149. Today the price retraced back to 1.6109. Do I re enter again the third position at this rate ?

Thanks in advance
Yes you can re-enter positions. This is what Spieler calls "working the position". It is an essential part of the system. Your 3rd lot already made a profit for the whole trade. so it gets easier to close the whole trade with a +
  • #1,394
  • Aug 28, 2008 9:16am Aug 28, 2008 9:16am
Quoting bennyFX
Yes you can re-enter positions. This is what Spieler calls "working the position". It is an essential part of the system. Your 3rd lot already made a profit for the whole trade. so it gets easier to close the whole trade with a +

Thanks
  • #1,395
  • Aug 28, 2008 9:27am Aug 28, 2008 9:27am
Quoting spieler
1h ,4h same we are in %.

Just long 1lot at 161.15

i am very hunhappy i just dicsovered the yelllow stars stuff and this threat has none ;(

lol

ps : next week i will developp more on the fine tuning

What?! No stars?! I agree that this thread deserves at least six
  • #1,396
  • Edited 10:43am Aug 28, 2008 10:39am | Edited 10:43am
Quoting ashes
Hello,

thanks a lot, spieler for this hedge system.

Yesterday started trying it out. 17.00gmt I went short and took a little profit this gmt morning (10 pips). I will go on following the thread and posting trades so I can learn.
I'd apprechiate corrections if I don't do things right.

Are you guys trading on 1h or on 4h? Chart does not matter. This can be done at any speed or even on a spreadsheet. You take the first position IF The current price of EURCHF is .25% higher (1st Sell Level) or -.25% lower (1st Buy Level) than yesterdays closing price.

When these levels are reached - there is a divergence in the EURUSD and the USDCHF. These pairs are not evaluated they are traded.

I decided to trade on 1h if I'm close to the computer and on 4h if I'm busy elsewhere.

When do you enter the trade? On candle close or whenever divergence shows +25%or -25%? Whenever the level is hit.


Regards

BR
  • #1,397
  • Aug 28, 2008 10:41am Aug 28, 2008 10:41am
1lot -0.25( or +0.25 of course) – Exit half at 0.00, other half close to +0.25
lot 2 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 3 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 4 -0.50 exit 0.25 pull back (pb) - re-enter at -0.50 from previous exit
Note: If first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50
Exit on -0.50 not -0.25and re-enter on -1.0 from previous exit
lot 5 -0.50 exit 0.25pb – re-enter at -0.50 from previous exit
lot 6 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 7 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 8 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot 9 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot10 -3% double lots exit 2pb -– No re-entry, just hold until pb


BR
Quoting ashes
Hi,

second trade with spielers hedge system.

12:00gmt, 1h candle close -32% divergence.
I'm going long @1,6110

1 micro on eurusd
1,5 micros on usdchf

Is that right?

Let's wait and see


Regards
  • #1,398
  • Aug 28, 2008 11:23am Aug 28, 2008 11:23am
Hi Big1red9,

thank you for your answers to my questions. It makes things a bit clearer.

But I did not quite understand the list that you've posted second.
Is that spielers system or does that list belong to a tweak?
Could you please explain?

Thanky in advance

Regards
  • #1,399
  • Edited 11:43am Aug 28, 2008 11:26am | Edited 11:43am
Quoting spieler
1h ,4h same we are in %.

Just long 1lot at 161.15

i am very hunhappy i just dicsovered the yelllow stars stuff and this threat has none ;(

lol

ps : next week i will developp more on the fine tuning
??? no stars? I personally voted for this thread twice!

Yesterday entered short @1.6169. This morning when eurchf ws @1.6110 I was sleeping like a baby and didn't know I was sleeping. Now I am stuck for good 'cause my broker doesn't not allow two way trades.
I was thinking a lot about it, but coudn't find a way to leave a limit order to close the trades when in profit appr. 40 pips. No EAs with my broker.
What would you say?
As now, I will enter one more short where I started from (1.6160+.25%), and if price keeps moving up, I will enter shorts at appropriate levels.
  • #1,400
  • Edited 2:14pm Aug 28, 2008 2:12pm | Edited 2:14pm
ashes,

Your welcome.

Think of the method this way...

1st there is a trading trigger, that is the EURCHF
2nd there is the instruments you trade, that is EURUSD USDCHF
3rd there is position averaging / money management (the list)

The EURCHF is used to figure out when to trade EURUSD and USDCHF.
It is possible because of the market conditions that the market may continue to trend against the 1st position taken. That is when positions / money management kicks in.

The concept in averaging your positions is that when the trade goes against you, you add a new position to average your price to a new lower one(in the case of a buy). The goal to unload part of the new position with a partial move towards the target price to capture some profits should price never reach your target.

Each position taken in the is part of the whole. Meaning the trade consists of all of the positions taken.

Hope it helped!
BR

Quoting ashes
Hi Big1red9,

thank you for your answers to my questions. It makes things a bit clearer.

But I did not quite understand the list that you've posted second.
Is that spielers system or does that list belong to a tweak?
Could you please explain?

Thanky in advance

Regards
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