Hedge trading spieler system derived from futures spread trading

Quoting Richard

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Guys-

It’s great that you are putting the effort in with the back testing but none of you are following the rules of the system.

Spieler is away this week so too busy to post and as I have been trading this system live for a while now I am going to try and help out by posting the entries/exits made during the period you are trying to back test following the rules of the system.

I was not trying to backtest anything, just gave Ashes approximation what it would be with those first lots from August 7th, if he would follow an uncomplicated and simple logic of this system. He would have bee either GE or at insignificant loss; Now look what you are proposing:

Starting from the 7th August.

Lot1 - Entry Long @ 1.6289
Lot2 - Entry Long @ 1.6227

1,6289+1.6227=3.2516/2=1.6258
Exit @1.6145; 1.6258-1.6145=113*2=226 pips (Who is talking about huge drawdowns?)

Lot3 – Re-entry Long @ 1.6115
Exit Lot 3 - @ 1.6145 + 40 pips externalized profit

1.6145-1.6115=30

I didn't back tested just checked your logic - because


During the above period there were many opportunities to close the whole position at a very decent overall profit and start again the next day at zero. This of course is the whole idea of Spieler’s strategy. However, if you decided for some reason not to do that and to continue suffering the DD from the earliest opened lots instead, then above is where you would be right now.

I believe you are forgettin one more important thing, Richard. You are talking patronizing tone with mature individuals here who trade their own money.

BTW I didn't have any drawdowns, and I don't know if Ashes had them, he was just asking a question, so... who lost 226 pips?

Cheers.
Lietuve

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Quoting ashes

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Hello Richard,

copied your table to make things clearer to me.

And I tried to relate it to a table earier posted


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


I have wrote down the distances each position would have to the other

Lot1 – entry long @1,6289 ---40 pips dist
Lot2 – entry long @1,6227 ---62 pips dist
Lot3 – entry long @1,6158 ---69 pips dist
Exit Lot3 @1,6198 +40 pips externalized profit ---40 pips dist
Lot3 – reentry long - @ 1,6118 ---80 pips dist
Exit Lot3 @1,6158 +40 pips externalized profit ---40 pips dist
Lot 3 – reentry long - @ 1,6115 ---43 pips dist
Exit Lot3 @1,6145 +40 pips ex profit ---30 pips dist
Lot 3 – reentry long @1,6045 ---100 pips dist
Exit Lot3 @1,6105 +40 pips ex profit ---40 pips dist
Lot 3 – reentry long @1,6012 ---93 pips dist
Lot 4 – entry long @1,5932 ---173 pips dist
Lot5 – entry long @1,5852 ---253 pips dist
Exit Lot 5 - @1,5892 +40 pips ex profit ---40 pips dist
Exit Lot 4 - @1,6066 +134 pips ex profit ---134 pips dist
Exit Lot 3 - @1,6066 +54 pips ex profit ---54 pips dist
Lot 3 – reentry long @1,5986 ---80 pips dist
Lot4 – reentry long @1,5906 ---160 pips dist
Exit Lot 4 - @1,5946 +40 pips ex profit ---40 pips dist
Awaiting re-entry of Lot 4 @ 1,5799 ---147 pips dist

it appears as if things slowly unfold infront of my eyes.

Why would you have entered the second and third postion in a distance of about 60 pips to the first and not 40 pips, as a 0,25% step are 40 pips?
Why do some distances vary so much and others appear to be in the 40,80 steps

Edit:
If I would have started a trade on 7th august, would all my positions during this trade relate to the price value of 7th aug 0:00 and the resulting levels?

Thank you for your effort

Regards

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Quoting mackus

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Opened long at EUR/CHF 1.5843.
EUR/USD 1.3932
USD/CHF 1.1372

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Quoting ashes

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well done, mackus and lietuve

quick clean pips . I have missed this trade because I've waited for -0.30% on gmt+1 platform.

are you working on gmt+1 platforms also?

Regards

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Quoting ashes

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well done, mackus and lietuve

quick clean pips . I have missed this trade because I've waited for -0.30% on gmt+1 platform.

are you working on gmt+1 platforms also?

Regards

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Quoting Big1red9

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Short this afternoon at 1.5944

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Quoting mackus

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Opened short @ EUR/CHF 1.5922.
EUR/USD 1.3951
USD/CHF 1.1407

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Quoting ashes

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Hi mackus,

are you still short? Have you also opened another position?

Regards

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Quoting lietuve

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I didn't trade Spieler's method today at all. It was a good trending market and I just went long.
Deep in my heart I am a trend trader, and this habit doesn't want to die.
I wish the best for everybody who trades here.

So long,
Lietuve

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Quoting mackus

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Yep, the short position from yesterday is still open. I slept through the big move up so probably would've opened another one along the way but I just opened my 2nd short position at EUR/CHF 1.6020.
EUR/USD: 1.4108
USD/CHF: 1.1351

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