Hedge trading spieler system derived from futures spread trading | Page 88 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume for indices, tick and the exchange derived volume 4 replies

Are quotes for minor pairs real or just derived from majors? 0 replies

Oanda spread versus MB Trading spread 27 replies

HOW TO PLOT derived cross 0 replies

Derived Currency Strength Indicator from multiple pairs 0 replies

Attachments: Hedge trading spieler system derived from futures spread trading
Exit Attachments

Hedge trading spieler system derived from futures spread trading

  • #1,741
  • Sep 19, 2008 8:14am Sep 19, 2008 8:14am
Quoting RickyRudy
Thanks Ashes.

Let's see where this one goes. I'm now at 1.03%. Eurchf just keeps climbing. If it goes to 1.10% I'm going to add another position. This system really tests your patience because as the trade moves against you its not easy to watch your profits shrink to a nullified state. Compounding matters is that volatility is typically low Friday afternoons. We'll see.
That's a good buy, If I have patience, I would have waited till 1.00. I got trick when hit fibbo 23.6 level. Well slightly lower compare to 1.03
Banker please return my pipins.
  • #1,742
  • Sep 19, 2008 8:22am Sep 19, 2008 8:22am
My multiple short positions average 1.5932.

BR
  • #1,743
  • Sep 19, 2008 8:48am Sep 19, 2008 8:48am
Short Average: E/c: 1.5948 (u/c:1.1171, E/u: 1.4276)
  • #1,744
  • Sep 19, 2008 9:00am Sep 19, 2008 9:00am
I just reread my post that you quoted and thought it might be a bit misleading. I didn't add a position at 1.03%. Looking back I probably should have. It's since dropped to 0.79% as I type this. The reason I didn't add at 1.03% was because I entered my 2nd around 60%. I thought it might be best to put a bit of space between the 2nd and 3rd positions to decrease my risk. Still trying to get the hang of this system. Overall, the retracement is still good for everyone who is in a sell.

Quoting Babyboy
That's a good buy, If I have patience, I would have waited till 1.00. I got trick when hit fibbo 23.6 level. Well slightly lower compare to 1.03
  • #1,745
  • Sep 19, 2008 9:33am Sep 19, 2008 9:33am
Quoting RickyRudy
I just reread my post that you quoted and thought it might be a bit misleading. I didn't add a position at 1.03%. Looking back I probably should have. It's since dropped to 0.79% as I type this. The reason I didn't add at 1.03% was because I entered my 2nd around 60%. I thought it might be best to put a bit of space between the 2nd and 3rd positions to decrease my risk. Still trying to get the hang of this system. Overall, the retracement is still good for everyone who is in a sell.
Sorry. Guess, my eyes sore perhaps glueing into the divergence too much.
Banker please return my pipins.
  • #1,746
  • Sep 19, 2008 11:18am Sep 19, 2008 11:18am
You might be on to something regarding using fib levels to guide your entry when adding positions. I'm going to have to keep this in mind and test it.

Quoting Babyboy
That's a good buy, If I have patience, I would have waited till 1.00. I got trick when hit fibbo 23.6 level. Well slightly lower compare to 1.03
  • #1,747
  • Sep 19, 2008 11:41am Sep 19, 2008 11:41am
There are specific rules as to when to add and how....as well as when to exit and how.

BR
  • #1,748
  • Sep 19, 2008 1:55pm Sep 19, 2008 1:55pm
Yeah, I'm trying to get a handle on them. I understand the general rules are 0.25%, 0.50%, 0.75% and 1.0%. After 1.0% wait until the 1.50% level and 0.50% from there. Reading back through Spieler's posts there seems to be some discretion though.

Quoting Big1red9
There are specific rules as to when to add and how....as well as when to exit and how.

BR
  • #1,749
  • Sep 20, 2008 12:57am Sep 20, 2008 12:57am
Good Morning Everyone,

What a day we had yesterday!

I opened 3 short positions yesterday and the last one (opened around 0,75% decorelation) was close last night one hour before market close while we had a quick 0,25% pullback...

So I am still having 2 short positions opened for the weekend...

I wish you all a great week end
BD

RickyRudy:
you should enter positions at 0,25%, 0,5%, 0,75%, and 1,25% (not 1,0%) decorrelation see the table pusblished few pages away... I understand that following these entry rules + money management is the most important part of this system...
  • #1,750
  • Sep 20, 2008 10:52am Sep 20, 2008 10:52am
I opened 2 short positions yesterday. Was looking for 1.6050 to open a 3rd. Considered opening at 1.6030 but the move seemed to be so fast I thought I could hold out. Oh well. Both shorts still open over the weekend.
  • #1,751
  • Sep 20, 2008 1:22pm Sep 20, 2008 1:22pm
well mackus i am with you then.

I was tempted to take a short when we reached 1% decorelation but i sticked to the rules...

who says enter at 0,75 and then 1,25%...

BD
  • #1,752
  • Sep 20, 2008 5:29pm Sep 20, 2008 5:29pm
Beoing, thanks for alerting me to the table. I didn't realize there was one. Still wading through the earlier posts. I've been reading every single post of this thread and right now I'm up to post 690. I've even gone back and reread posts. I'll go back to see if I can find the one to which you made reference. If you have an idea of where it is let me know. In the meantime I'll go back a few pages to try to find it. At the same time, I only entered my positions at -0.27% and -0.60% because I was late on the -0.25% and -0.50% entries. I was sleeping through the first and driving to work on the second. Then I was in a meeting for the -0.75%. This system is tricky when you a full time day job not related to trading. I work on computer for most of the day but I can see where I'll have days where it's tough to monitor the trades.

Quoting boeingdriver
Good Morning Everyone,

What a day we had yesterday!

I opened 3 short positions yesterday and the last one (opened around 0,75% decorelation) was close last night one hour before market close while we had a quick 0,25% pullback...

So I am still having 2 short positions opened for the weekend...

I wish you all a great week end
BD

RickyRudy:
you should enter positions at 0,25%, 0,5%, 0,75%, and 1,25% (not 1,0%) decorrelation see the table pusblished few pages away... I understand that following these entry rules + money management is the most important part of this system...
  • #1,753
  • Sep 21, 2008 3:38am Sep 21, 2008 3:38am
Let me help you then.

This table has been created by richard and then corrected by spieler and richard himself...

- RICHARD:
spieler-

Does this look correct now ?


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 exitNote: If first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50Exit 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

No problem with your English, is much better than my freaking French
  • #1,754
  • Sep 21, 2008 3:39am Sep 21, 2008 3:39am
By the way i am preparing a 10 pages summary of this thread with only the main ideas... I am almost finished...
  • #1,755
  • Sep 21, 2008 4:06am Sep 21, 2008 4:06am
#At the same time, I only entered my positions at -0.27% and -0.60% because I was late on the -0.25% and -0.50% entries. I was sleeping through the first and driving to work on the second. Then I was in a meeting for the -0.75%. This system is tricky when you a full time day job not related to trading. I work on computer for most of the day but I can see where I'll have days where it's tough to monitor the trades.#

Well i will say it depends a lot on your time zone (I live in Europe...) and on the kind of job you do !
  • #1,756
  • Sep 21, 2008 6:30pm Sep 21, 2008 6:30pm
Quoting boeingdriver
By the way i am preparing a 10 pages summary of this thread with only the main ideas... I am almost finished...
Hi boeingdriver,

great idea, looking forward to read it.

Regards
  • #1,757
  • Sep 21, 2008 9:06pm Sep 21, 2008 9:06pm
Boeing, thanks for posting that chart. I saw something similar about 80 pages back but didn't think it was what you were thinking of.

BTW, I've been meaning to ask whether the scaling out of the first lot at 0.00% is an option or whether Spieler has it as a steadfast rule. My speaking of where if you start your trade at -0.25%, you then close half the position at 0.00% and the other half at +0.25%. What is the consequence of closing the entire position at 0.00%?
  • #1,758
  • Sep 21, 2008 9:15pm Sep 21, 2008 9:15pm
I live on the US East Coast. I manage a small group that does Geographic Information Systems. It is best described as a form of computerized mapping. We are part of a larger IT Department. Most of my time is spent in front of a computer. I have a personal laptop that I take to work and have it running beside my work computer on my desk. That way I can keep an eye on the charts while I do the work I'm being paid to do. However, my being the manager requires me to attend meetings fairly often. I need to check to see if the mobile version of MetraTrader supports EAs or indicators similar to what Swingman and NowAndLater have shared with us. That would be sweet.

Do you have another occupation other than trading?

Quoting boeingdriver
#At the same time, I only entered my positions at -0.27% and -0.60% because I was late on the -0.25% and -0.50% entries. I was sleeping through the first and driving to work on the second. Then I was in a meeting for the -0.75%. This system is tricky when you a full time day job not related to trading. I work on computer for most of the day but I can see where I'll have days where it's tough to monitor the trades.#

Well i will say it depends a lot on your time zone (I live in Europe...) and on the kind of job you do !
  • #1,759
  • Sep 22, 2008 1:26am Sep 22, 2008 1:26am
Hi everyone,

so i am finished. i compiled these 115+ pages thread into a 20 pages word document including a table of contents...

So please all newbies, read this summary first...

Before you ask spieler questions.

he has been answering on many cases the same questions over and over... I know it is quite tough to read all the pages of this thread but now we have no more excuses.

I hope it will help spieler in teaching us his great system, and finally we might be able to focus on more important questions...

Enjoy and have a great trading day
BD
Attached File(s)
File Type: doc Spieler's Trading System Summary.doc   208 KB | 1,073 downloads
  • #1,760
  • Sep 22, 2008 4:46am Sep 22, 2008 4:46am
Quoting boeingdriver
Hi everyone,

so i am finished. i compiled these 115+ pages thread into a 20 pages word document including a table of contents...

So please all newbies, read this summary first...

Before you ask spieler questions.

he has been answering on many cases the same questions over and over... I know it is quite tough to read all the pages of this thread but now we have no more excuses.

I hope it will help spieler in teaching us his great system, and finally we might be able to focus on more important questions...

Enjoy and have a great trading day
BD
Thank you very much. This is excellent and much needed!

I dearly thank you. I look forward to be able to participate in developing the system, I have some ideas from other hedging systems that might be found useful.
2 traders viewing now