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Hedge trading spieler system derived from futures spread trading

  • #2,061
  • Oct 16, 2008 12:47pm Oct 16, 2008 12:47pm
Quoting Archie
Hi,

I don't really know. It is the original EA that can be found in this thread, and I think it follows the system.
This is a really cool EA, i've been doing hedging for a while, and this has much information on the chart. The deviation hit %25, just about 15m ago, and the EA executed orders(shorted both), i'm waiting to see, how it will close them, as expected it should be -25%? or 0%?
  • #2,062
  • Oct 16, 2008 12:52pm Oct 16, 2008 12:52pm
Quoting Archie
Yes, they are set to true, and it takes orders on a demo account, but the problem is that you cannot run the EA on a live account. I really would appreciate help to fix that.
Ok, i modified it, to trade any account, download attached files, let me know if it works.
Attached File(s)
File Type: mq4 SpielersHedge EA_v2.8.1.mq4   51 KB | 1,549 downloads
File Type: ex4 SpielersHedge EA_v2.8.1.ex4   44 KB | 1,123 downloads
  • #2,063
  • Oct 16, 2008 1:12pm Oct 16, 2008 1:12pm
Thanks! I will put it for a test and I'll let you know as soon as I got some results. Thanks again for fast work!

Quoting c0d3
Ok, i modified it, to trade any account, download attached files, let me know if it works.
  • #2,064
  • Oct 16, 2008 1:24pm Oct 16, 2008 1:24pm
Quoting Archie
Thanks! I will put it for a test and I'll let you know as soon as I got some results. Thanks again for fast work!
not a problem,

Should the EA also open trades if the deviation reaches -50%, if the EA already opened orders at -25%, as it was originally stated in the 1st thread?
  • #2,065
  • Oct 17, 2008 3:50am Oct 17, 2008 3:50am
I don't know for sure. I think it follows the system, but I have never seen more than one set open at the same time. Since last night the EA has made one trade, but it's still open. I placed it at a EURCHF chart by mistake, so it took a trade on that currency, but I re-opened the EA on EURUSD and then it started the hedge correctly. I will let you know about results later on.

Cheers!

Quoting c0d3
not a problem,

Should the EA also open trades if the deviation reaches -50%, if the EA already opened orders at -25%, as it was originally stated in the 1st thread?
  • #2,066
  • Oct 17, 2008 5:52am Oct 17, 2008 5:52am
Quoting Archie
I don't know for sure. I think it follows the system, but I have never seen more than one set open at the same time. Since last night the EA has made one trade, but it's still open. I placed it at a EURCHF chart by mistake, so it took a trade on that currency, but I re-opened the EA on EURUSD and then it started the hedge correctly. I will let you know about results later on.

Cheers!
That is weird, it didn't work when it was on EURUSD, i had to use EURCHF chart, and then it was giving the right %divergence values.
  • #2,067
  • Oct 17, 2008 9:20am Oct 17, 2008 9:20am
I think i'm going to develop a new EA, that will deal with more than one pair of hedged orders. That will also wait when reversing from -25% to 25% before entering from long positions to short positions. I need to read the original post very carefully along with some other posts. The EA that was developed does not deal with more than one set of hedged orders, and for some reason didn't close out the opened orders, when the divergence went from +25 to 0 or to -25.
  • #2,068
  • Oct 17, 2008 10:57am Oct 17, 2008 10:57am
I would be happy to try that new EA and do some testing. The current EA worked well today. It closed one set of orders with profit without any intervention. I placed it on a EURUSD chart and opened 0.1 lot EU and 0.12 lots UC. I will do some more testing and see the overall profit over a longer period. On my demo account I have had 6 sets of hedges opened and closed during this week. All of them ended up in profit.

Quoting c0d3
I think i'm going to develop a new EA, that will deal with more than one pair of hedged orders. That will also wait when reversing from -25% to 25% before entering from long positions to short positions. I need to read the original post very carefully along with some other posts. The EA that was developed does not deal with more than one set of hedged orders, and for some reason didn't close out the opened orders, when the divergence went from +25 to 0 or to -25.
  • #2,069
  • Oct 18, 2008 12:50am Oct 18, 2008 12:50am
Quoting ashes
Hi Big1red9,

different is entering a trade every day (according to the rules).

apart from that it is very much \"hedge trading spieler system\".

the horizontal grid is visualizing 40 pip/ 0,25% distances, not entry points.

Regards
ashes-

Your theory sounds interesting, can I please just clarify how you are currently testing it.

You are taking all signals every day, both long and short, according to spieler's rules. Then are you combining all these entries into ONE POSITION and closing all as soon as they are in profit or are you managing each days signals as totally SEPERATE POSITIONS?
  • #2,070
  • Oct 18, 2008 1:31am Oct 18, 2008 1:31am
Quoting Richard
ashes-

Your theory sounds interesting, can I please just clarify how you are currently testing it.

You are taking all signals every day, both long and short, according to spieler's rules. Then are you combining all these entries into ONE POSITION and closing all as soon as they are in profit or are you managing each days signals as totally SEPERATE POSITIONS?
If they are indeed managed as separate positions, the problem I see is that in big trends you would just keep piling up new positions (when I say "position" I mean an entire set), greatly increasing your drawdown.
  • #2,071
  • Oct 18, 2008 2:10am Oct 18, 2008 2:10am
Quoting Richard
ashes-

Your theory sounds interesting, can I please just clarify how you are currently testing it.

You are taking all signals every day, both long and short, according to spieler's rules. Then are you combining all these entries into ONE POSITION and closing all as soon as they are in profit or are you managing each days signals as totally SEPERATE POSITIONS?
Hi Richard,

for about two weeks I'm live forward testing it with success. At close of 0:00 gmt candle I enter orders both long and short on eur/chf up to the 4th position. actually I'm using a 50 pip grid.
I increase the unit size starting with the 3rd position. so that even if I close the 1st or 2nd position with a loss I'll come out profitable by having closed the 3rd position ... and so on. you actually do pile up positions, but progressively, so that after a 50 pip pullback you can close the whole trade in profit. the more the price moves against you the higher are the chances to make more profit.
Research on historical data shows that the price hardly ever moves more than 350 pips (5th position) without a pullback of 50 pips at some time during the skyrocket.
If for example a short position has not been closed until gmt midnight I will manage the trade trough as set the day before. but I will place my long orders according to the close of the new 0:00 gmt candle.

Regards
  • #2,072
  • Oct 18, 2008 2:31am Oct 18, 2008 2:31am
Hi Stake,

maybe ATR could serve as a volatility indicator. Using lines at 0,0070, 0,0050, 0,0030.

Regards
  • #2,073
  • Oct 18, 2008 2:54am Oct 18, 2008 2:54am
Quoting ashes
Hi Richard,

for about two weeks I'm live forward testing it with success. At close of 0:00 gmt candle I enter orders both long and short on eur/chf up to the 4th position. actually I'm using a 50 pip grid.
I increase the unit size starting with the 3rd position. so that even if I close the 1st or 2nd position with a loss I'll come out profitable by having closed the 3rd position ... and so on. you actually do pile up positions, but progressively, so that after a 50 pip pullback you can close the whole trade in profit. the more the price moves against you the higher are the chances to make more profit.
Research on historical data shows that the price hardly ever moves more than 350 pips (5th position) without a pullback of 50 pips at some time during the skyrocket.
If for example a short position has not been closed until gmt midnight I will manage the trade trough as set the day before. but I will place my long orders according to the close of the new 0:00 gmt candle.

Regards

So you never have more than one short and one long trade at the same time, is that right?
  • #2,074
  • Oct 18, 2008 3:11am Oct 18, 2008 3:11am
yes, that's right
  • #2,075
  • Oct 18, 2008 3:19am Oct 18, 2008 3:19am
Quoting ashes
Hi Richard,

for about two weeks I'm live forward testing it with success. At close of 0:00 gmt candle I enter orders both long and short on eur/chf up to the 4th position. actually I'm using a 50 pip grid.
I increase the unit size starting with the 3rd position. so that even if I close the 1st or 2nd position with a loss I'll come out profitable by having closed the 3rd position ... and so on. you actually do pile up positions, but progressively, so that after a 50 pip pullback you can close the whole trade in profit. the more the price moves against you the higher are the chances to make more profit.
Research on historical data shows that the price hardly ever moves more than 350 pips (5th position) without a pullback of 50 pips at some time during the skyrocket.
If for example a short position has not been closed until gmt midnight I will manage the trade trough as set the day before. but I will place my long orders according to the close of the new 0:00 gmt candle.

Regards
Hi ashes-

Thanks for the clarification. Have you decided on the maximum number of entries which you are be prepaired to make in any single position before you will decide to close it at a loss?
  • #2,076
  • Edited 4:50am Oct 18, 2008 3:29am | Edited 4:50am
Quoting Richard
Hi ashes-

Thanks for the clarification. Have you decided on the maximum number of entries which you are be prepaired to make in any single position before you will decide to close it at a loss?
Hi Richard,

I will take up to maximum 5 positions (350 pips) and have enough margin to wait for a pullback of at least 50 pips to get out with profit.

The entry point of the 5th position is a bit different from spielers. I don't delay the 5th entry point if there has been no pullback.

counting from 0 - point:
1st 50 pips
2nd 100 pips
3rd 150 pips
4th 250 pips
5th 350 pips

Regards
  • #2,077
  • Oct 18, 2008 3:34am Oct 18, 2008 3:34am
Quoting ashes
Hi Richard,

I will take up to maximum 5 positions (350 pips) and have enough margin to wait for a pullback of at least 50 pips to get out with profit.

The entry point of the 5th position is a bit different from spielers. I don't delay the 5th entry point if there has been no pullback.

counting from 0 - point:
1st 50 pips
2nd 100 pips
3rd 150 pips
4th 250 pips
5th 350 pips

Regards
ashes-

I wish you the best of luck and look forward to reading your updates as you progress.
  • #2,078
  • Oct 18, 2008 3:51am Oct 18, 2008 3:51am
Quoting Richard
ashes-

I wish you the best of luck and look forward to reading your updates as you progress.
Thank you. But I won't forward this system on the thread the way I do with my trades concerning the spieler system.
The weak point are extreme trends.
If you're interested how this strategy has been doing during future skyrockets, please send PM.

Regards
  • #2,079
  • Oct 18, 2008 10:27am Oct 18, 2008 10:27am
I'm rereading the entire thread (good idea after gaining some experience with the system) and found this rule which I believe was mentioned only once and then forgotten:

"2) Market goes again[st] our position but not enough so that we have only one position( go only to -0.40% for exemple) I will close half the position even and wait zero zone for remaining.
The idea is that hedge was again us so we lighted the pose in case the trend continious."

I'm pretty sure I never used it in my trades, has anyone else?
  • #2,080
  • Oct 18, 2008 10:37am Oct 18, 2008 10:37am
Question: is trading a directional EUR/CHF position more risky compared to a two-leg EUR/USD-USD/CHF position? And if so, in what way?
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