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  • #121
  • Apr 14, 2007 12:07pm Apr 14, 2007 12:07pm
Quoting Mina
thanks yezbick and scientist but I'm not muslim so I guess I can't have a no-swap account
I'm aware what swap is but it really didn't matter to me coz I usually dnt hold positions long enough to worry about swaps but I'm aware that jpy pairs pay the largest once and I think (correct me if I'm wrong) if you're holding equal long and short positions of the same pair your net interest will be -ve ie you'll be paying swap so let me refine my question: how much will I pay daily if I'm holding 1 lot long and 1 lot short GBP/JPY or USD/JPY ?

Mini lot shown on top and standard lot shown on bottom.

GBPJPY is -.60 per day on a mini for 1 lot held in day.

Mini Account Swap Rates per 1 lot Symbol

Buy

Sell

EUR/USD

$-0.60

$0.54

USD/JPY

$1.35

$-1.43

GBP/USD

$-0.04

$0.03

USD/CHF

$0.89

$-0.94

USD/CAD

$0.22

$-0.35

AUD/USD

$0.11

$-0.24

NZD/USD

$0.32

$-0.37

EUR/GBP

$-0.70

$0.49

EUR/JPY

$0.85

$-1.12

EUR/CHF

$0.50

$-0.67

GBP/CHF

$1.66

$-2.06

GBP/JPY

$2.05

$-2.65

AUD/JPY

$1.05

$-1.31

CHF/JPY

$0.14

$-0.33

EUR/CAD

$-0.38

$0.28

EUR/AUD

$-1.07

$0.91

AUD/CAD

$0.29

$-0.39

AUD/NZD

$-0.26

$0.20

NZD/JPY

$1.05

$-1.35





Standard Account Swap Rates per 1 lot




Symbol

Buy

Sell

EUR/USD

$-6.05

$5.40

USD/JPY

$13.50

$-14.30

GBP/USD

$-0.40

$0.30

USD/CHF

$8.90

$-9.40

USD/CAD

$2.25

$-3.50

AUD/USD

$1.15

$-2.40

NZD/USD

$3.25

$-3.75

EUR/GBP

$-7.00

$4.90

EUR/JPY

$8.50

$-11.20

EUR/CHF

$5.05

$-6.70

GBP/CHF

$16.65

$-20.65

GBP/JPY

$20.55

$-26.50

AUD/JPY

$10.50

$-13.10

CHF/JPY

$1.45

$-3.35

EUR/CAD

$-3.85

$2.80

EUR/AUD

$-10.75

$9.15

AUD/CAD

$2.90

$-3.95

AUD/NZD

$-2.65

$2.00

NZD/JPY

$10.55

$-13.5

  • #122
  • Edited 12:56pm Apr 14, 2007 12:33pm | Edited 12:56pm
man that was a great help .. well thx
ne way it seems like we'll be loosing approximately one pip daily
maybe a time limit for an open hedge is necessary
  • #123
  • Apr 14, 2007 1:05pm Apr 14, 2007 1:05pm
Quoting manya42
Is there any alert for when the price is crossing the ema?
thanks in advance
Hi there, just passing through and had a few moments to doodle for you all.

The below image shows two occurances of the xpMA by CodersGuru that i did some tweaks on some time ago that allowed the user to verticaly shift the moving average. I've defaulted the 25LWMA set to median. The user has the option of changing the default 50 vertical shift to whatever they wish, and also set the number from 50 (the default positive) to -50 (negative). Also the user may set the Alert to T/F (this is the standard pop up box with audio chime), and also the Email Alert to T/F. Also of note one can set the "Break of Line" to T/F, and there is a "Alert in Range" setting, defaulted to 10 pips.

download compiled .ex4 version and/or the editable .mq4 version.

http://www.accrete.com/fx-mirror/mt4...MAmedianEx.gif


Have fun, hope it helps.
Thom
  • #124
  • Apr 14, 2007 3:01pm Apr 14, 2007 3:01pm
Quoting accrete
Hi there, just passing through and had a few moments to doodle for you all.

The below image shows two occurances of the xpMA by CodersGuru that i did some tweaks on some time ago that allowed the user to verticaly shift the moving average. I've defaulted the 25LWMA set to median. The user has the option of changing the default 50 vertical shift to whatever they wish, and also set the number from 50 (the default positive) to -50 (negative). Also the user may set the Alert to T/F (this is the standard pop up box with audio chime), and also the Email Alert to T/F. Also of note one can set the "Break of Line" to T/F, and there is a "Alert in Range" setting, defaulted to 10 pips.

download compiled .ex4 version and/or the editable .mq4 version.

http://www.accrete.com/fx-mirror/mt4...MAmedianEx.gif


Have fun, hope it helps.
Thom

Accrete,


Thank you for posting the indicator, it looks great and will be a very useful tool.

Best of luck trading,

yezbick
  • #125
  • Apr 14, 2007 10:29pm Apr 14, 2007 10:29pm
Well, I did my due diligence and I'm convinced and have begun trading this method live.

From April 1 2006 to April 13th 2007 (flattening completely on April 13th) AND with one big distinction, I placed a TIME limit on my hedges. If the trade was open for 1 month I closed it and took my loss...

The method made 9300 pips in a year and since I based my position sizing off of 1% of account equity per 100 pips, last year would've made 93%. Wonderful.

I can't wait till I have time to figure out additional currency pairs out there.
  • #126
  • Apr 14, 2007 10:50pm Apr 14, 2007 10:50pm
Quoting longhornxtreme
...The method made 9300 pips in a year and since I based my position sizing off of 1% of account equity per 100 pips, last year would've made 93%...
Hi LH. Maybe it's partly due to just having a nice glass of red wine, but you've lost me on that MM info. Care to elaborate?

: ) Thom
  • #127
  • Apr 15, 2007 9:57pm Apr 15, 2007 9:57pm
Hi Thom, you still hanging around the SRDC folks? I'm at a point where I can't trade london open not to mention the abandonment of OR so I don't go back there too often.

I base my position size for each trade where an 100 pip move = 1% of my balance. Since we're only taking losses when we choose to (only if a trade is open for a month) your position size is steadily increasing.

Listen to Yezbick and go take the 4-5 hours to manually backtest the thing...
  • #128
  • Apr 16, 2007 4:18am Apr 16, 2007 4:18am
Hi, Yezbick
First, let me tell you how much I'm impressed by your Hedging TS and a LOT MORE by your kindness and your strong willness to help.
Second I studied your system and I think I understant it (quite easy with your numerous explanations) ...but I must confess : I don't understand your money management !
You wrote :
"#28
Also, as your account grows your trade sizes increase to compensate for your new growth.
* Example you start trading @ 2% of 1,000. Starting trade is $20 invested. You make 100 pips on your first trade for a profit of $40,
your new balance is 1,040. 2% of 1,040 is $20.80 which you invest in your next position, etc.
Now lets say that your 2nd position was hedged so you have 20.80 in hedge with new position of 20.8 going the oposite direction of the second.
#107
Money management is as or more important than the system itself. I'm currently using 5%, but I would recommend 1-3% for anyone that is testing this system.
As there is some learning curve involved, and mistakes are inevitable while learning any system."

What does that mean :
2% of 1,000 .. is $20 invested ??? INVESTED ???
then 100pips = $40 so I understand I traded $40,000 Right ?
What are those $20 INVESTED ?
I confess one more time I'm lost !
Could you help ? TIA
Best regards
BBF
BigBlackfeet Always on the(forex) war path !
  • #129
  • Apr 16, 2007 6:19am Apr 16, 2007 6:19am
Quoting BLACKFEET
Hi, Yezbick
First, let me tell you how much I'm impressed by your Hedging TS and a LOT MORE by your kindness and your strong willness to help.
Second I studied your system and I think I understant it (quite easy with your numerous explanations) ...but I must confess : I don't understand your money management !
You wrote :
"#28
Also, as your account grows your trade sizes increase to compensate for your new growth.
* Example you start trading @ 2% of 1,000. Starting trade is $20 invested. You make 100 pips on your first trade for a profit of $40,
your new balance is 1,040. 2% of 1,040 is $20.80 which you invest in your next position, etc.
Now lets say that your 2nd position was hedged so you have 20.80 in hedge with new position of 20.8 going the oposite direction of the second.
#107
Money management is as or more important than the system itself. I'm currently using 5%, but I would recommend 1-3% for anyone that is testing this system.
As there is some learning curve involved, and mistakes are inevitable while learning any system."

What does that mean :
2% of 1,000 .. is $20 invested ??? INVESTED ???
then 100pips = $40 so I understand I traded $40,000 Right ?
What are those $20 INVESTED ?
I confess one more time I'm lost !
Could you help ? TIA
Best regards
BBF

The 2% that I mentioned is the amount of margin that is used. For example your balance with your broker is 1,000, if you use 2% you will be using $20 in margin. On a mini account this represents a .4 lot size, where 1 lot = $50. So your trade amount would be .2 lot for this transaction.

As your account increases you will be increasing your investment. So as in the example above your new balance is 1040 after you have made an additional 100 pips. Now to calculate the amount you need to invest you will to do the following ((Account Balance * %) dividided by 50) or ((1040*.02)/50) = .42 your new investment amount.

Hope this clears it up the key is in the formula. Account Balance * %age to invest divided by 50

The above illustration is for mini accounts you would need to divide by 500 if you are using a standard account.

Good question Blackfeet. Money Management is the most important part of a complete system. It allows you to fight another day when things really go wrong.

yezbick
  • #130
  • Apr 16, 2007 6:40am Apr 16, 2007 6:40am
The current SL position for the last is position taken on 4-13-07 @14:00 is now at 236.73. North bound trend is still in motion.
Attached Image
  • #131
  • Apr 16, 2007 8:04am Apr 16, 2007 8:04am
The current SL position for the last is position taken on 4-13-07 @14:00 @ 235.97 SL is now at 236.92. North bound trend is still in motion.
Attached Image
  • #132
  • Apr 16, 2007 8:20am Apr 16, 2007 8:20am
I have applied another adjustment to the system. The idea is to keep the price trend out of the 50 +/- pip channel. The more that the price trend is out of the channel, the more time can be spent enjoying the profit. I will post the udpated system using another thread....
Attached File(s)
File Type: pdf GBPJPY,H1.pdf   55 KB | 485 downloads
  • #133
  • Apr 16, 2007 5:39pm Apr 16, 2007 5:39pm
I have no idea if anyone wants to take this into account, however, it seems to me that the system provides certain natural 'uncle' points.

in backtesting the system (currently half way through) I've found that at certain points, noteably V tops and bottoms, there are opportunites to offload hedged trades in the direction of one side (usually long on the current long term uptrend) before significantly retracing, uninterrupted, in the opposite direction on a large imbalance of shorts.

if at any point such an opportunity occurs against the long term trend it seems reasonable to offload the imbalance once a reverse signal has finally come to pass.

i would say an approximate 500pip uninterrupted retracement would be adequate.
quote of the day: . It's like deja-vu all over again
  • #134
  • Apr 16, 2007 7:37pm Apr 16, 2007 7:37pm
Quoting Gmak
I have no idea if anyone wants to take this into account, however, it seems to me that the system provides certain natural 'uncle' points.

in backtesting the system (currently half way through) I've found that at certain points, noteably V tops and bottoms, there are opportunites to offload hedged trades in the direction of one side (usually long on the current long term uptrend) before significantly retracing, uninterrupted, in the opposite direction on a large imbalance of shorts.

if at any point such an opportunity occurs against the long term trend it seems reasonable to offload the imbalance once a reverse signal has finally come to pass.

i would say an approximate 500pip uninterrupted retracement would be adequate.
Can you show us an example or chart of your findings and ellaborate your thoughts?

Thanks for your input Gmak
  • #135
  • Apr 16, 2007 7:38pm Apr 16, 2007 7:38pm
Quoting tkimble
I have applied another adjustment to the system. The idea is to keep the price trend out of the 50 +/- pip channel. The more that the price trend is out of the channel, the more time can be spent enjoying the profit. I will post the udpated system using another thread....
Looking forward to hearing more about this system.
  • #136
  • Apr 16, 2007 7:42pm Apr 16, 2007 7:42pm
The last is position taken on 4-13-07 @14:00 @ 235.97 SL is now at 237.56. Possible trend reversal in motion as the price dropped below the 25LWMA.
Attached Image
  • #137
  • Apr 16, 2007 8:50pm Apr 16, 2007 8:50pm
please see next post for example

I've been fiddling around trying to allow the system to increase position. So far I've been relatively successful (will post when the dea and backtest is finished) however the number of carried trades obviously increases as well (should we use the same entry/exit methods for both the original entry and subsequent ones).

Even without adding trades, the system does pick up a number of long term losers once the market ranges in extreme positions. In the short to medium term positions opened against the long term trend may never be extinguished.

Without some way of offsetting the losers, the number tends to increase over time acting as a drag on subsequent trades, sometimes holding over 50 losers simultaneously.

after the system accrues such a haul and sets off in a very determined direction we gain many trades in the direction of trend (if increasing position)
until it finally tops out and we close all successful trades, including hedged ones.

We are now at a pivotal time for the system. Since the hedge it uses is imperfect (100 pip gaps) we are now in a position where our 50 losers can either

A) cause us 5000 pips worth of damage when the market zips away from us

B)reduce our open loss dramatically since we have no, or very few, longs.

in the case of A our operating capital is diminished substantially, in the case of B, obviously, our leeway is greatly increased. It is the most successful moment for the system.

Since the losing positions are almost always accrued against the long term trend, any dramatic retrace should be considered just that, thus when the inevitable bounce arrives it seems to me a good time to release the losers furthest away
quote of the day: . It's like deja-vu all over again
  • #138
  • Edited 9:02pm Apr 16, 2007 8:51pm | Edited 9:02pm
http://img03.picoodle.com/img/img03/...2m_95d028a.jpg
quote of the day: . It's like deja-vu all over again
  • #139
  • Apr 16, 2007 9:03pm Apr 16, 2007 9:03pm
http://img03.picoodle.com/img/img03/...3m_f8427c1.jpg
quote of the day: . It's like deja-vu all over again
  • #140
  • Apr 16, 2007 9:04pm Apr 16, 2007 9:04pm
Gmak,

Good post. I guess the key is to figure what is the best uncle point.

Currently we have been in an uptrend since 3-18-07. Shorts have been accumulated since that time. Basically we need to set up rules that will give us the clean tops to offload the longs and rules that will give us the retracement to offload the shorts (uncle point). I do see the logic here.

From your testing what you suggest as possible rules to take care of the uncle issues?

Thanks for your input.

yezbick
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