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Cash & Carry

  • #41
  • Oct 5, 2005 12:44pm Oct 5, 2005 12:44pm
Quoting electricsavant
If you guys have a better way to pull money out of this matched and weighted basket without disturbing the power of compounding too drastically, let me (and Wifey) know!

Michael B.
Hi Michael! Well I certainly don't have a better way! But, because of your generousity, I'm learning the way you have found to make it work. You made a true statement when you said I needed you. Thanks for sharing as it is making the fog gradually clear.

I opened a demo with OANDA yesterday, bought the 10 pairs, and am anxiously awaiting the interest report today. Only by doing this hands on and relying on your experiece will I become good at this.

Thanks again Michael!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #42
  • Oct 5, 2005 12:49pm Oct 5, 2005 12:49pm
Quoting diallist
Hi Michael! Well I certainly don't have a better way! But, because of your generousity, I'm learning the way you have found to make it work. You made a true statement when you said I needed you. Thanks for sharing as it is making the fog gradually clear.

I opened a demo with OANDA yesterday, bought the 10 pairs, and am anxiously awaiting the interest report today. Only by doing this hands on and relying on your experiece will I become good at this.

Thanks again Michael!

Dial

Hear hear! I agree with you Dial it's difficult to understand more about this method without actually doing it so I to am getting my Oanda demo setup, trying to understand the platform, etc..As with any learning experience you can either think about it too much, get overwhelmed and wind up doing nothing at all or dive in and figure it out! So I'm diving in!

Sam
  • #43
  • Oct 5, 2005 12:51pm Oct 5, 2005 12:51pm
Quoting electricsavant
Important point #5

Every rose has it's thorns....Most system's that trade with huges run ups, usually have huge drawdowns. Every action has an equal and opposite reaction. Prices cannot move in one direction forever...

ElectricSavant

Just like every cowboy sings a sad sad song....Guns n'roses
  • #44
  • Oct 5, 2005 2:42pm Oct 5, 2005 2:42pm
Hi ES, thanks for sharing this. Been playing around with your spreadsheet and have one question which probably is a very stupid one. How do I get the TP amount to pop up after Ive entered my account value? Thanks again, Im gonna start demoing it. BTW I think it was Poison who did Every rose has its thorns.


Billy
  • #45
  • Oct 5, 2005 2:43pm Oct 5, 2005 2:43pm
Well, I set my demo up yesterday morning, based it on a 10k account (Oanda only allows demo of 100K). Lastnight my UPL was -$196.00 today my UPL is down to -$1400.00, I'm almost at the -15% DD mark.

Total interest earned $15.90, including $9.90 from having a 100k demo account. Just going to sit back collect interest and see how long it takes to go from -DD to a positive UPL.
  • #46
  • Oct 5, 2005 2:55pm Oct 5, 2005 2:55pm
Quoting Anpar
Well, I set my demo up yesterday morning, based it on a 10k account (Oanda only allows demo of 100K). Lastnight my UPL was -$196.00 today my UPL is down to -$1400.00, I'm almost at the -15% DD mark.

Total interest earned $15.90, including $9.90 from having a 100k demo account. Just going to sit back collect interest and see how long it takes to go from -DD to a positive UPL.
You can add/subtract funds to make it a more realistic level. It's under Account > Deposit Funds
  • #47
  • Oct 5, 2005 3:00pm Oct 5, 2005 3:00pm
Thanks Michael, c42 works but none of the others in c column. Could be cause im using open office. Is it just a % of account value?


Billy
  • #48
  • Oct 5, 2005 3:35pm Oct 5, 2005 3:35pm
Quote
You can add/subtract funds to make it a more realistic level. It's under Account > Deposit Funds

Thanks Beachie!!
  • #49
  • Oct 5, 2005 3:43pm Oct 5, 2005 3:43pm
Currently all of my 5 baskets are running at between 4 -16% DD of *margin used* No panic though, as the next swing will take it well into +ve territory.

Although I can see merit in why dgcfx advocates scaling into a basket over a period of 12mths to allow for currency cycles.
http://www2.oanda.com/cgi-bin/msgboa...6;t=003786;p=4
  • #50
  • Oct 5, 2005 3:47pm Oct 5, 2005 3:47pm
Hi ES

I've read your thread with interest and I think I understand the underlying concepts of what you do...its putting it into practice I'm not sure yet how to quite go about it.

Have you done a step by step example for beginners? On another forum perhaps?

I have setup a game account on Oanda and would like to get started!

Many thanks
  • #51
  • Oct 5, 2005 3:51pm Oct 5, 2005 3:51pm
Quoting electricsavant
Cash & Carry TradeVestor's,
It brings a smile to my face when you use the term "TradeVestor" cos I sometimes read it as *HIM WHO SHALL NOT BE NAMED*.

Is it just me having this problem?
  • #52
  • Oct 5, 2005 3:54pm Oct 5, 2005 3:54pm
Quoting Isotonic
It brings a smile to my face when you use the term "TradeVestor" cos I sometimes read it as *HIM WHO SHALL NOT BE NAMED*.

Is it just me having this problem?
No, not just you. I did a double take when I first saw it too...just slip a "c" for an "s" ....lol
  • #53
  • Oct 5, 2005 4:56pm Oct 5, 2005 4:56pm
Quoting Beachie41
Running a little experiment.....

Basket A - opened 19/09/05 Using a basket of 9 pairs posted on Oanda.
Base $1000 - Balance $1,170 - Margin Used $816 - UPL (-$124 )
This basket I closed the *profitable* legs yesterday & re-intiated the closed legs immediately.

Basket B - opened 4/10/05 Same composition as above but added in a small EUR/USD carry based on expecting EUR to go upside somewhat
Base $1000 - Balance $1000 - Margin Used $857 - UPL (-$66)

Basket C - opened 4/10/05 Recommended pairs & ratios as per Michael's S/S
Base $2000 - Balance $2000 - Margin Used $1220 - UPL (-$132)

Basket D - opened 5/10/05 *All* 33 pairs, long or short to be interest positive/neutral. Set @ 1000 units each pair
Base $2000 - Balance $2000 - Margin Used $1237 - UPL (-$39)

Basket E - opened 4/10/04 As above but adjusted to be EUR & USD Neutral
Base $2000 - Balance $2000 - Margin Used $1334 - UPL (-$95)

Now lets see how it goes over next month
**edited* got differing accounts mixed up - restarted Basket D
Hi Beachie,

Great that you add also your findings in the CC system.

Would you be so kind to give us the Basket A with the 9 pairs? Would be interesting... Including the % of weight and S or L?

Another question is, how do you calculate the weight between the pairs, especially with basket 33. Can you show us the weight you use?

thanks!
KT
  • #54
  • Oct 5, 2005 5:04pm Oct 5, 2005 5:04pm
Hi Michael,

What is your view upon closing the profitable legs & re-intiating the closed legs immediately?
KT
  • #55
  • Oct 5, 2005 5:29pm Oct 5, 2005 5:29pm
Quoting KingdomTrader
Would you be so kind to give us the Basket A with the 9 pairs? Would be interesting... Including the % of weight and S or L?
Another question is, how do you calculate the weight between the pairs, especially with basket 33. Can you show us the weight you use?
KT
C&C is a bit of an octopus..tentacles reaching out everywhere
I took my que for the 9 pairs from this thread on Oanda
http://www2.oanda.com/cgi-bin/msgboa...6;t=004532;p=1

The weight calculation in the spreadsheet Michael published a couple of posts back. That, I believe was based on a another thread on Oanda
http://www2.oanda.com/cgi-bin/msgboa...;f=16;t=003786

Now Michael's put in the effort and come up with his version. And kindly supplied his spreadsheet, which IMO is invaluable. Others have taken the original and morphed it yet again with a grid trading slant....numerous threads discussing this....on Oanda again.
  • #56
  • Oct 5, 2005 5:29pm Oct 5, 2005 5:29pm
Quoting BillyC
Hi ES, thanks for sharing this. Been playing around with your spreadsheet and have one question which probably is a very stupid one. How do I get the TP amount to pop up after Ive entered my account value? Thanks again, Im gonna start demoing it. BTW I think it was Poison who did Every rose has its thorns.


Billy

Bill,

My bad, good catch.

Sam
  • #57
  • Edited 5:52pm Oct 5, 2005 5:42pm | Edited 5:52pm
Quoting electricsavant
Here are my current positions that I am trading with real money. I am not suggesting or recommending to anybody to trade this in anything other than the simulator..

Electricsavant, I have question: what are you going to do if for example NZD/USD in the current raising USD rates enviroment turnes from positive interest into negative interest? Are you going to sell it with a loss & buy it in the reverse direction? Thanks
  • #58
  • Oct 5, 2005 9:49pm Oct 5, 2005 9:49pm
Quoting electricsavant
I don't get it, what does tradevector mean?
Plug it into the search...and do the same for Trade2Win...plus a few other scattered forums

http://www.forexfactory.com/forexfor...earchid=129952

On ET he is/was known as Scoresomepips

IMO if he didn't turn so abusive he would be OK.
  • #59
  • Edited 10:07pm Oct 5, 2005 9:56pm | Edited 10:07pm
Analysing my baskets I see the positions that went against me the most where Short - USDMXN, EURHUF & Long AUDJPY, USDCHF
So to be perverse I opened a short term basket with mirror weighting and *opposite* direction. I'm up 2% on margin @ this moment. Purely short term trade

*edit* corrected the mislabelled the L & S pairs
  • #60
  • Oct 5, 2005 10:04pm Oct 5, 2005 10:04pm
Quoting electricsavant
Why would you want to be long in USD/MXN and short AUD/JPY in a positive interest carry system?...surely the price of stable NAV is not THAT costly...
yeah...mislabelled..have corrected..need sleeeeeepppp
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