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Hedge trading spieler system derived from futures spread trading

  • #1,701
  • Sep 17, 2008 10:18am Sep 17, 2008 10:18am
Only as sure as the times coming from MT4.


Quoting ashes
you sure? I live in gmt and right now is 16:00, gmt+1 is 17:00, est should be gmt-5 11:00

timeframeconfusion
  • #1,702
  • Sep 17, 2008 10:32am Sep 17, 2008 10:32am
When I ran a google...

GMT is 15:32 (3:32pm)
EST is 11:32am
PST is 8:32am

So I don;t know why you have a difference. Computer clock?
Quoting Big1red9
Only as sure as the times coming from MT4.
  • #1,703
  • Sep 17, 2008 10:37am Sep 17, 2008 10:37am
Quoting Big1red9
When I ran a google...

GMT is 15:32 (3:32pm)
EST is 11:32am
PST is 8:32am

So I don;t know why you have a difference. Computer clock?
strange indeed, since I live in gmt and we've got 16:38 right now

anyway, I guess the best thing is to follow your suggestion to confirm the 0% line each day,

like this we are alined to what matters whether gmt is +1 or -1 or .....

Regards
  • #1,704
  • Sep 17, 2008 11:46am Sep 17, 2008 11:46am
some countries have winter and summer hours so best is to set up graphs taking into account these changes so you are always on GMT
I have a long so far everything is fine going north now already green

100% of winners since i started here , we need to capitalise on profit in case ......
  • #1,705
  • Sep 17, 2008 7:27pm Sep 17, 2008 7:27pm
New zero point for the close of the 17th is is 1.5787.

BR
  • #1,706
  • Edited 1:23am Sep 18, 2008 12:18am | Edited 1:23am
Hello mates,

I found a breech alarm for mt4.

If you use the xls sheet and not the indis, because you check every day the levels and start time manually, these alarms will be handy:

http://www.youtube.com/v/5Ds1BZl78xQ

http://www.forexsharing.com/63826

I hope you will find it usefull.

Cheers

B
Learn something difficult and earn real money for ever, a lot.
  • #1,707
  • Edited 5:34pm Sep 18, 2008 1:45am | Edited 5:34pm
Hi,

I opened a short hedge eurchf 1,5841, +0,32%

1st position

eurusd 1,4355

usdchf 1,1034

the plan for this trade is attatched below


8:00 gmt

onened 2nd position 1,5881, +0,57%

eurusd 1,4331

usdchf 1,1075


10:25 gmt

2nd position closed 1,5823

eurusd closed 1,4424 = -93

usdchf closed 1,0979 = 96 x 1,5 = + 144

= + 51 pips


17:30 gmt

1st position closed 1,5789

I've got to run ... update numbers later

eurusd close 1,4389 = -34 pips

usdchf close 1,0977 = +57 pips x 1,5 = + 85 pips

total = +51 pips


total of entire trade= +102 pips


Regards
Attached Image
  • #1,708
  • Sep 18, 2008 2:06am Sep 18, 2008 2:06am
Quoting Big1red9
New zero point for the close of the 17th is is 1.5787.

BR
Hi Big1Red9,

my zero pint for today is almost the same, 1,5789.

Do you have any open positions?

I've found out that on my yesterdays long trade I've had to pay huge rollover fee. $3 for each 2 mini eurusd long, while for 3 mini usdchf I recieved $0.45. If a long trade with this broker (FXCM) takes more than four days I'd merely pay off the fee or or worse
Seems as if going short with them is more economic since the rolover fees are less.

Regards
  • #1,709
  • Sep 18, 2008 2:16am Sep 18, 2008 2:16am
Ashes,

I am still long from earlier today. I expect to close the trade out soon.

Got in at 1.58041 - then will short it.

Strange on the rollovers. I have a few accounts but am trading with OANDA to get the ratios tighter. They calculate the rollover every minute you have the position.
Good Luck
BR


Quoting ashes
Hi Big1Red9,

my zero pint for today is almost the same, 1,5789.

Do you have any open positions?

I've found out that on my yesterdays long trade I've had to pay huge rollover fee. $3 for each 2 mini eurusd long, while for 3 mini usdchf I recieved $0.45. If a long trade with this broker (FXCM) takes more than four days I'd merely pay off the fee or or worse
Seems as if going short with them is more economic since the rolover fees are less.

Regards
  • #1,710
  • Sep 18, 2008 2:48am Sep 18, 2008 2:48am
Hi Big1red9,

whom do you have the other accounts with and how are their rollover fees?

I have an oanda account also and I'm ok with their rollovers.

Regards
  • #1,711
  • Sep 18, 2008 2:49am Sep 18, 2008 2:49am
Long at 1.58041
Out at 1.58757

Quoting Big1red9
Ashes,

I am still long from earlier today. I expect to close the trade out soon.

Got in at 1.58041 - then will short it.


Strange on the rollovers. I have a few accounts but am trading with OANDA to get the ratios tighter. They calculate the rollover every minute you have the position.
Good Luck
BR
  • #1,712
  • Sep 18, 2008 2:51am Sep 18, 2008 2:51am
MBTrading - Rollovers probably the worst out there. Great company - tight spreads. I am looking at IBFX and a couple of others.


Quoting ashes
Hi Big1red9,

whom do you have the other accounts with and how are their rollover fees?

I have an oanda account also and I'm ok with their rollovers.

Regards
  • #1,713
  • Sep 18, 2008 3:50am Sep 18, 2008 3:50am
Short @ 1.5876
  • #1,714
  • Sep 18, 2008 4:26am Sep 18, 2008 4:26am
someone here woh is still long from the end of august?
couldn't get out with the first lot from that time until now.
worked with the 2nd and 3rd lot two times.
but the loss from the 1st lot outweihgts the gain by far...
  • #1,715
  • Edited 5:26am Sep 18, 2008 4:51am | Edited 5:26am
Quoting bennyFX
someone here woh is still long from the end of august?
couldn't get out with the first lot from that time until now.
worked with the 2nd and 3rd lot two times.
but the loss from the 1st lot outweihgts the gain by far...
Hi bennyfx,

I'd also be very interested in a solution to the problem you're facing.
A way to set rules for smooth exit for an unfortunate hedge.

Does anybody have ideas to this?

Regards
  • #1,716
  • Sep 18, 2008 5:34am Sep 18, 2008 5:34am
I'm a newcomer to the thread. I'm up to post 489 in my readings and will continue reading through every single post. I've been trading this system on a IBFX demo the past couple days though and with good success. I like the idea of discussion on the start of a new day.

For those of you who took a trade today what ratio are you using for the USDCHF leg of the trade and how was it determined?
  • #1,717
  • Sep 18, 2008 6:51am Sep 18, 2008 6:51am
Quoting ashes
Hi bennyfx,

I'd also be very interested in a solution to the problem you're facing.
A way to set rules for smooth exit for an unfortunate hedge.

Does anybody have ideas to this?

Regards
On that Aug 25 trade, I lost on about 2/3 of the profit I have made with this system. Still trying to learn how to "work the position" and I asked about this trade but I did not get answer from Spieler. I took couple profitable long positions after Aug 25 but they could not cover the loss.
  • #1,718
  • Sep 18, 2008 7:44am Sep 18, 2008 7:44am
Quoting fisu
On that Aug 25 trade, I lost on about 2/3 of the profit I have made with this system. Still trying to learn how to "work the position" and I asked about this trade but I did not get answer from Spieler. I took couple profitable long positions after Aug 25 but they could not cover the loss.
Hi fisu,

maybe we should work on rules when to close a hedge gone bad.
in relation to an average of the monthly wins we could elaborate the amount of pips we can afford to lose, so that at the end of the month we'd be still in profit. Those unfortunate hedge positions also don't occur often, but it would be good to have an emergency exit.

I'll check on this when I've got some spare time, maybe in two weeks.

If you've got any ideas please let me know.

Regards
  • #1,719
  • Sep 18, 2008 7:54am Sep 18, 2008 7:54am
Quoting ashes
Hi fisu,

maybe we should work on rules when to close a hedge gone bad.
in relation to an average of the monthly wins we could elaborate the amount of pips we can afford to lose, so that at the end of the month we'd be still in profit. Those unfortunate hedge positions also don't occur often, but it would be good to have an emergency exit.

I'll check on this when I've got some spare time, maybe in two weeks.

If you've got any ideas please let me know.

Regards
According to spieler there is a rule that after 10 days a hedge has to be closed. Not sure about this.
  • #1,720
  • Edited 8:47am Sep 18, 2008 8:16am | Edited 8:47am
Quoting bennyFX
According to spieler there is a rule that after 10 days a hedge has to be closed. Not sure about this.
yes, a short hedge should be closed after 11 days, no matter the losses.
I think I've read this also. What about the long positions?

I don't think the 10-11 day rule is sufficient as it can leave us with losses that may be time intense to recover.

An approach that deals with a certain timeframe, 10 days for example and a stop loss kind of rule which is related to the average monthly profit could be a solution.

Plus there is the possibility to hedge the hedge position. Of course, only if the rules provide us with the opposite entry. Right now I have one long position open from the trade of 17 september and I have a short position open of todays trade. One is actually hedging the other. Maybe there is a more sophisticated possibility to hedge a hedge gone sour. Things to think about.

An important point also is to use the 40pips / 0,25% - steps only as a orientation. Larger steps sometimes help the trade to become profitable on pullback. There should be another way, other than just by feeling, to determine when to use larger steps. Momentum indicator, candle momentum values ... etc .. don't know.

But it takes time to check this out, of which I won't have too much during the next two weeks.

Regards
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