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Hedge trading spieler system derived from futures spread trading

  • #2,581
  • May 22, 2009 1:02pm May 22, 2009 1:02pm
Quoting ThePipDoctor
This is what I object to. Someone takes a little bit of information and runs with it. Think about this for a minute. If you are long 1 lot EUR/CHF at , the postion is constructed as follows. At the current rate of aprx 1.5200

Credit 100,000 EUR
Debit 152,000 CHF

If I instead go long 1 lot EUR/giving me 100,000 EUR, and now proceed to "hedge my dollar exposure" using USD/CHF I have:

Credit 100,000 EUR
Debit 152,000 CHF

The positions are identical.

I see that this point has largely been ignored. Is there no one that disagrees?
  • #2,582
  • May 23, 2009 3:45am May 23, 2009 3:45am
It has been ignored because it is so obvious , you are right.
By neutralising the usd position the position is eur/chf there is no issue to discuss about that .

But because there is a but if you trade outright you cannot play to go in and out on one legg in th edirection of the trade and that can ad tons of pips to the system.
You can trade it outright but i find it more rewarding to trade on the 2 paires even if i have to pay 2 times the spread.
  • #2,583
  • May 26, 2009 6:36am May 26, 2009 6:36am
does anybody know an ea giving real time decrease or increase of a paire in %?
thanking you in advance

dohemi

Quoting spieler
It has been ignored because it is so obvious , you are right.
By neutralising the usd position the position is eur/chf there is no issue to discuss about that .

But because there is a but if you trade outright you cannot play to go in and out on one legg in th edirection of the trade and that can ad tons of pips to the system.
You can trade it outright but i find it more rewarding to trade on the 2 paires even if i have to pay 2 times the spread.
  • #2,584
  • May 27, 2009 4:37am May 27, 2009 4:37am
Quoting IamTHAT
I am here to follow Spieler.
You can start your own thread with your system or a trading journal to help those who need it.
I think that you are right. Every system has its drawdowns since there is no perfect trading system. Speiler is not forcing anybody to follow his method so if someone thinks its not for them, they should just move on. The argument about whether it is better to trade EUR/CHF outright or whether or not his system is a good hedge is becoming insipid really.
  • #2,585
  • May 29, 2009 11:00am May 29, 2009 11:00am
Hello spieler!

Could you share with us your cable sistem?
Thank you in advance!
  • #2,586
  • May 30, 2009 5:48pm May 30, 2009 5:48pm
Quoting raad
Hello spieler!

Could you share with us your cable sistem?
Thank you in advance!
he said many times its too big and complicated for this board so stop asking again. didnt u read his replies?
  • #2,587
  • Jun 3, 2009 2:58pm Jun 3, 2009 2:58pm
This might not be news to anyone else but just in case I thought I'd share. The June issue of Currency Trader Magazine says that along with the new hedging rules imposed by the NFA, U.S. brokers will be required to start closing positions in a First In First Out methodology. This would be a challenge to this strategy, which I am still trading. Any thoughts?
  • #2,588
  • Jun 4, 2009 3:23am Jun 4, 2009 3:23am
We had couple of nice calls this week all winners .
as for hedging this system is not a real hedging system it has more to see with correlation.
So absolutely no problem with new edicted rules
  • #2,589
  • Jun 4, 2009 4:23am Jun 4, 2009 4:23am
Quoting spieler
We had couple of nice calls this week all winners .
as for hedging this system is not a real hedging system it has more to see with correlation.
So absolutely no problem with new edicted rules
Not worried about hedging. The following situation is the area of concern. If I open long eur/chf at 1.5159 and then open another long at 1.5109 I will have 2 open long positions at once. If I try to close the second position, at say 1.5149, the new rules will require the first one closed instead which will result in a loss. A 2 position trade wont necessarily be a problem but once the progression goes into a 3rd or 4th this could cause significant losses.

http://www.nfa.futures.org/news/news...ArticleID=2273
  • #2,590
  • Jun 4, 2009 7:43am Jun 4, 2009 7:43am
my brokers are outside usa ( uk, chypre and switzerland) so i dont get this kinda problem which seems weird to me specialy if size of your differents positions are not the same.
  • #2,591
  • Jun 5, 2009 1:30am Jun 5, 2009 1:30am
Quoting spieler
my brokers are outside usa ( uk, chypre and switzerland) so i dont get this kinda problem which seems weird to me specialy if size of your differents positions are not the same.

are you trading with ECN brokers?
  • #2,592
  • Jun 5, 2009 2:37am Jun 5, 2009 2:37am
have both bank liquidity access for big accounts and normal brokers for others
  • #2,593
  • Jun 5, 2009 9:00am Jun 5, 2009 9:00am
closed positions today with very nice profit

balance up %3.3 today
  • #2,594
  • Jun 9, 2009 10:00am Jun 9, 2009 10:00am
Dear Spieler,

Have you ever used options with your model so you can put on a larger position, i.e. buy an OTM straddle and then trade against the straddle as your hedge?

Thanks,

Lenoxer

PS Mackus, I owe you an email. I haven't forgotten you.
  • #2,595
  • Jun 10, 2009 5:34pm Jun 10, 2009 5:34pm
What reference daily close price of EURCHF you use 00:00GMT, roll over time...? Have u tested different closing time for the reference?
  • #2,596
  • Jun 12, 2009 2:43pm Jun 12, 2009 2:43pm
Thx for introducing this hedge method.
I have finished reading the whole threads and live trading it (in a micro account) for 2 weeks already.
Profitable....
Great job Spieler.

Hope this thread won't die...
  • #2,597
  • Jun 13, 2009 5:55pm Jun 13, 2009 5:55pm
This may seem a very silly question to all.... But I don't know how to add indicator and scripts Metatrader. I've been downloading the files of the indicator, puting them into the indicator file case but i does not appear on the Metatrader?!?

By the way Spieler and Swingman Tanks for the system and indicators.

Best to all

PaulofNunes
  • #2,598
  • Jun 14, 2009 3:51am Jun 14, 2009 3:51am
Hello Spieler
Is there any PDf / doucment which detials your system and or the EA's and indicators required.
It is clear that it has changed from start to end.
With out going through the whole thread is there anywhere I find this.
I like you do not have tons of spare time and have revisited this site due the the EA.
Thank you
  • #2,599
  • Jun 16, 2009 2:24am Jun 16, 2009 2:24am
Hi guys, it is very likely that this corrective movement is not yet fully completed, my opinion is that there are still 30 days (approximately) and then the cross should begin to rise!

Regards,
Stake...
  • #2,600
  • Jun 16, 2009 11:59pm Jun 16, 2009 11:59pm
Quoting Money Magnet
Hello Spieler
Is there any PDf / doucment which detials your system and or the EA's and indicators required.
It is clear that it has changed from start to end.
With out going through the whole thread is there anywhere I find this.
I like you do not have tons of spare time and have revisited this site due the the EA.
Thank you
It would be much appreciated if someone has a PDF/document which outlines details of this system, i've been reading and re-reading and finding it hard to follow exactly.Thx!
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