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Hedge trading spieler system derived from futures spread trading

  • #1,661
  • Sep 15, 2008 3:06am Sep 15, 2008 3:06am
as a thank you to Speiler and his method. Trying it on a micro live account.
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  • #1,662
  • Sep 15, 2008 3:12am Sep 15, 2008 3:12am
Quoting spieler
I am back from Europe.
Hope you made nice trades because volatility is back and supposed to be good for trading.
I just closed a position built on cable since 01st of september for a huge mid 6 figures profit
Hello spieler,

welcome back. Great system, although it appears as if I don't have all the rules down yet. Thank you!

Regards
  • #1,663
  • Sep 15, 2008 3:15am Sep 15, 2008 3:15am
welcome back spieler! I'm looking forward to learn more from you
  • #1,664
  • Sep 15, 2008 5:23am Sep 15, 2008 5:23am
Slept through a big move down, which seems to be a trend for me lately, but closed both of my short positions from last week for profit. Re-entered long at EUR/CHF 1.5883.
  • #1,665
  • Sep 15, 2008 5:39am Sep 15, 2008 5:39am
long eurchf -0,95%, 1,5877

eurusd 1,4210

usdchf 1,1174
  • #1,666
  • Sep 15, 2008 6:08am Sep 15, 2008 6:08am
Quoting spieler
I am back from Europe.
Hope you made nice trades because volatility is back and supposed to be good for trading.
I just closed a position built on cable since 01st of september for a huge mid 6 figures profit
  • #1,667
  • Sep 15, 2008 6:08am Sep 15, 2008 6:08am
Quoting ashes
Hello,

I closed my third trade this morning.
Interesting thing was that when eurchf was at closing point, 40 pips below my entry, the hedge showed +/-0. So I waited for eurchf to drop 30 additional pips before I could close it with a little profit of about +11pips.

Could somebody please explaint to me, why the trade was breakeven at closing point? And why the profit was so little thus the 70 pips distance from opening?

Thank you

Regards

Edit: same thing seems to happen with the 2nd position. it is at closing point now, 40 pips below entry, but the hedge is still at -19 pips.
Why is that?

Edit: I've closed the 2nd position at 80 pips below entry eurchf, but I just got +12 pips out of it.

actually I'm 25 below closing point of my 1st position, but I'd exit with small loss or breakeven.

can anybody please help me with an explanation?

I'm not an expert like Spieler but I'm wondering of you are not eliminating the USD risk by taking 1.4 or 1.5 lots of USD/CHF for every 1 lot of EUR/USD? I think that this would've helped your profit position on all three trades closed. For instance, with the 3rd position you list your USD/CHF position would've been +270 pips instead of +193 which would've moved your profit on that 1 position up to +88 pips. That is using a 1.4 ratio which I'm assuming would be the better choice.
  • #1,668
  • Sep 15, 2008 6:53am Sep 15, 2008 6:53am
Quoting mackus
I'm not an expert like Spieler but I'm wondering of you are not eliminating the USD risk by taking 1.4 or 1.5 lots of USD/CHF for every 1 lot of EUR/USD? I think that this would've helped your profit position on all three trades closed. For instance, with the 3rd position you list your USD/CHF position would've been +270 pips instead of +193 which would've moved your profit on that 1 position up to +88 pips. That is using a 1.4 ratio which I'm assuming would be the better choice.
Hi mackus,

thank you for your answer,

probably I've understood something wrong about the position sizes, since 1 lot eurusd is worth more than 1 lot usdchf.

so you're talking of the volatility risk of eurusd?

yes, that might be the problem. I did trade with ratio of 1.
In future I'll use a 1.4 ratio.

Regards
  • #1,669
  • Sep 15, 2008 9:00am Sep 15, 2008 9:00am
Quoting mackus
Slept through a big move down, which seems to be a trend for me lately, but closed both of my short positions from last week for profit. Re-entered long at EUR/CHF 1.5883.
Closed the position at EUR/CHF 1.5923 for a quick profit. Probably should've only closed half but live and learn.
  • #1,670
  • Sep 15, 2008 9:15am Sep 15, 2008 9:15am
spieler and all the "spieler turtles", I heard some guy speaking about being a "Jacko turtle". Don't ask me who Jacko is as I do not know. MAybe he is learning to trade from micahel jackson. fed funds rate announcement tomorrow, Spieler did you say you stay away during interest rate announcement? Or its only interest rate affecting either EUR or CHF. as in this case USD is neutralised so it shouldn't matter?
  • #1,671
  • Sep 15, 2008 10:19am Sep 15, 2008 10:19am
Hello everybody,
I followed this thread for the first 20 pages and it seems that this is a profiting strategy. I am curious on average how many pips per month are you making. I know that is very relative question, but I am not asking for an exact number. And another thing, how can I place two currency pairs on the same chart using Metatrader? Thank you very much! You guys are just great
  • #1,672
  • Sep 15, 2008 11:04am Sep 15, 2008 11:04am
Jacko runs another thread on FF which people follow...

Quoting FXSnipe
spieler and all the "spieler turtles", I heard some guy speaking about being a "Jacko turtle". Don't ask me who Jacko is as I do not know. MAybe he is learning to trade from micahel jackson. fed funds rate announcement tomorrow, Spieler did you say you stay away during interest rate announcement? Or its only interest rate affecting either EUR or CHF. as in this case USD is neutralised so it shouldn't matter?
  • #1,673
  • Sep 15, 2008 2:40pm Sep 15, 2008 2:40pm
Quoting mackus
I'm not an expert like Spieler but I'm wondering of you are not eliminating the USD risk by taking 1.4 or 1.5 lots of USD/CHF for every 1 lot of EUR/USD? I think that this would've helped your profit position on all three trades closed. For instance, with the 3rd position you list your USD/CHF position would've been +270 pips instead of +193 which would've moved your profit on that 1 position up to +88 pips. That is using a 1.4 ratio which I'm assuming would be the better choice.
Hi mackus,
can you tell me how you fixed this ratio please. I read posts before, but I can't understend it.
  • #1,674
  • Sep 15, 2008 8:02pm Sep 15, 2008 8:02pm
Quoting spieler
ratio is only there to be $ neutral
1long eur/usd is about being short of 160000$ if you buy usd/chf you are only long 100000$
My strategy , derived from my long professional experience in spread futures, has to be market neutral if possible.
titi_123,
See the quote above from Spieler. I don't know how to explain it any differently. This was back when EUR/USD was trading around 1.59-1.60. Now the ratio would be 1.4 because thats where the EUR/USD is trading now.
  • #1,675
  • Edited Sep 16, 2008 1:20am Sep 15, 2008 10:35pm | Edited Sep 16, 2008 1:20am
One quick way is to divide the close of EURUSD BY the close of USDCHF.

I take the actual market value of the 2 and then divide them.
BR


Quoting mackus
titi_123,
See the quote above from Spieler. I don't know how to explain it any differently. This was back when EUR/USD was trading around 1.59-1.60. Now the ratio would be 1.4 because thats where the EUR/USD is trading now.
  • #1,676
  • Edited 9:33am Sep 16, 2008 2:23am | Edited 9:33am
Hi,

I opened a long hedge at eurchf -0,46%, 1,5795

eurusd 1,4230

usdchf 1,1091

2nd position open around -0,80%, 1,5733


edit 15:28gmt

closed at eurchf 1,5835

eurusd closed 1,4192 = -38

usdchf closed 1,1175 = +84 x 1,5 = 126

= + 88 pips

Regards
  • #1,677
  • Sep 16, 2008 3:06am Sep 16, 2008 3:06am
Quoting Big1red9
One quick way is to divide the close of EURUSD BY the close of USDCHF.

I take the actual market value of the 2 and then divide them.
BR
You have to look at the base currencies of both pairs. In this case EURusd and USDchf.
So 1 lot EURUSD is equal to value(EURUSD) lots USDCHF.
  • #1,678
  • Sep 16, 2008 5:30am Sep 16, 2008 5:30am
WAS VERY BUSY today but had time to make a very nice winning long trade
volatility is back that s fine allowing us to make a lot of trades per week
  • #1,679
  • Sep 16, 2008 6:49am Sep 16, 2008 6:49am
Quoting spieler
WAS VERY BUSY today but had time to make a very nice winning long trade
volatility is back that s fine allowing us to make a lot of trades per week
Do we follow the same rules when volatility is high?

I also took one winning long trade today and one yesterday plus I have one loosing long position from yesterday (E/C 1.5896). If we don't reach that level in about ten days, then am I just looking to get out with overall profit? This is the part I'm having most difficulties with, the pullbacks don't win enough to cover one big looser...
  • #1,680
  • Sep 16, 2008 6:51am Sep 16, 2008 6:51am
Quoting spieler
WAS VERY BUSY today but had time to make a very nice winning long trade
volatility is back that s fine allowing us to make a lot of trades per week
Congrats to all the winnings lately but hey you deserve it. Those who share shall earn.
There are no certainties only oppurtunities.
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