Taking Life One Pip At A Time
I officially have my own opinion.
Money management in trading - the stupid way and the right way 22 replies
Hard Way, Easy Way 115 replies
Easiest way to hedge with silver/gold against EUR dropping? 0 replies
2 Way VS 1 Way Analysis 9 replies
Hedge strategy (not a hedge fund) 13 replies
DislikedRule of thumb is - nothing works in Forex.
Because if it did, eveone would be doing it and then of course it would stop working.
So be nimble and be lucky, get in and out, and don't let them see you come and go.Ignored
Symbol Type Open Close Pips TickValue TickProfit Swap SwapProfit NetProfit GBPUSD Sell 1 7210 1 9657 -2447 10.00 -24470 0.40 146 -24324 USDJPY Sell 117 88 118 65 -77 8.26 -636 -10.82 -3949 -4585 GBPJPY Buy 202 99 234 50 3151 8.26 26027 9.75 3559 29586 ----- ----- ------ Totals 921 -244 677
DislikedCorrect me if I am wrong, but swap would be negative and the whole thing would be $677 profit. Pure luck.Ignored
DislikedI am a little busy right now.
But I will post an excellent metatrader script that will calculate your profit on any any combination of pairs between 2 dates very soon.Ignored
DislikedThat sounds like a worthy project Irusoh, best wishes, i'm looking forward to seeing your work.
Does anyone know of a simple excel spread sheet that may assist in the math?
THX in advance.
: ) ThomIgnored
DislikedOk, it is time for me to do some pruning here. I will go ahead and remove the off topic stuff and we can just continue with the discussion
Scott ModeratorIgnored
DislikedHere is Hedge Calculator.
It can calculate any number of pairs (with reason) in any combination.
First parm "Pairs" works as follows:
Pairs = symbol=lots;symbol=lots;...
symbol to buy when lots positive, to sell when lots negative
separated by semicolons.
Pairs for this thread will be "GBPUSD=-1;USDJPY=-1;GBPJPY=1"
start, end times shluld be at least one day.
Check it out, see if it works for you.Ignored
DislikedThanks brentmack,
I do believe the calculations to be accurate. Please remember this is a theoretical yield based on interest income only and does not include P/L from fluctuations in the exchange rates of the currency positions. That is a whole other set of problems to overcome that we are currently working on.
MIgnored
Disliked1 gbp-jpy usualy 10 pip spread
1 usd-jpy usualy 3 pip spread
with gbp-jpy volatility ussualy about 3 times from usd-jpy too.
if we really go into swap, i really consider 2 usd-jpy instead 1 gbp-jpy.
and to make thing better & smooth, split that 2 lot into 4 mini/micro lot, or even 20 and place it on 20pip interval ,eg: 120,80 121,00 121,20, ect (or by 15Minute Support &resistant) with take profit about 45 pip since the 1,3 swap in a month is almost equall with 45 pip profit.......
i have use this technique for 3 month, but since i only use $200 and micro lot per trade, i only profit about 3% a month, i use the spare margin for intra day trading. with 15% margin maxIgnored