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Hedge and Correlation Strategy

  • #1,181
  • Sep 10, 2009 1:36pm Sep 10, 2009 1:36pm
Buy the GBP/usd Sell eurusd
based on the attached
Attached File(s)
File Type: ex4 !_rdb_xMeter_Color.ex4   30 KB | 689 downloads
  • #1,182
  • Sep 10, 2009 1:40pm Sep 10, 2009 1:40pm
Quoting jeffreytp
Two sets open unexpectadly and the M#'s are 102 and 103. I have been manually changing the M# when loading hte EA so I am not sure where the screw up went. I would have to test again.
I have been thinking about it and I'm guessing here, you dropped the ea's with those m# and they closed with the TP and you did not remove them from the chart. Closed,opened your platform, and they created new trades because you did not removed the ea's so they reloaded. So, even if that scenario is not what happened to you, it could happen to someone else. Then the mouse drop is an must.
  • #1,183
  • Sep 10, 2009 1:50pm Sep 10, 2009 1:50pm
Is anybody else having trouble this week? I'm getting clobbered across the board.
  • #1,184
  • Sep 10, 2009 2:11pm Sep 10, 2009 2:11pm
Quoting girdle66
Is anybody else having trouble this week? I'm getting clobbered across the board.

Nope Just Slow!!
  • #1,185
  • Sep 10, 2009 2:12pm Sep 10, 2009 2:12pm
Quoting girdle66
Is anybody else having trouble this week? I'm getting clobbered across the board.
I am +112 pips so far, but I closed many trades that should have been left running. I'm still demoing. I am using only high correlated pairs on short and long timeframes.
  • #1,186
  • Sep 10, 2009 2:15pm Sep 10, 2009 2:15pm
Quoting girdle66
Is anybody else having trouble this week? I'm getting clobbered across the board.
Yeah, trades could take long time (days or even weeks) to run in right direction.

Spread is a killer also..

Most of those funky pairs had 5+ spread and some even 8+ pips

open 6 trades and you got (- 30 -40) pips right on the spot.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,187
  • Sep 10, 2009 2:21pm Sep 10, 2009 2:21pm
Quoting SkyzerFX
Yeah, trades could take long time (days or even weeks) to run in right direction.

Spread is a killer also..

Most of those funky pairs had 5+ spread and some even 8+ pips

open 6 trades and you got (- 30 -40) pips right on the spot.
I opened most of my current trades early Tuesday morning and it's getting ugly. I probably jumped in a bit too early on a couple of sets, and probably jumped in on too many sets simultaneously. I'm nervous to average in any more positions...
  • #1,188
  • Sep 10, 2009 2:39pm Sep 10, 2009 2:39pm
Quoting girdle66
I opened most of my current trades early Tuesday morning and it's getting ugly.
I would check 20 times in all timeframes before jumping in

and open no more than 2-3 sets (I have 3 sets open now) with confidence

that I can average down for sure.. Look 1 Week or even 1 month time frame

and find the biggest spread.. That's how ugly it could be, but be ready

to AVRG down. Better open less pairs to have an ability to average..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,189
  • Sep 10, 2009 2:52pm Sep 10, 2009 2:52pm
I think that

AUDUSD/EURUSD
AUDUSD/NZDUSD
EURUSD/NZDUSD
GBPUSD/EURJPY

are among the safest pair combinations to trade right now. They all have high correlation values on hourly timeframes and longer timeframes as well (daily, weekly, monthly).
  • #1,190
  • Sep 10, 2009 2:54pm Sep 10, 2009 2:54pm
Hi Friends
How are you all? It is difficult trade as the broker with whom have to deal with don't let Hedging and even the positions are not allowed to close normally have to put a opposite trade ..........Could any of you name couple of reliable brokers in Canada/USA allowing hedging and don't go much after stops? Thank you so much folks............happy piping...........
BANDA333
  • #1,191
  • Sep 10, 2009 3:26pm Sep 10, 2009 3:26pm
Quoting BANDA
Hi Friends
How are you all? It is difficult trade as the broker with whom have to deal with don't let Hedging and even the positions are not allowed to close normally have to put a opposite trade ..........Could any of you name couple of reliable brokers in Canada/USA allowing hedging and don't go much after stops? Thank you so much folks............happy piping...........
I use Oanda. you have to open a subaccount to hedge, but it's easy, and you can have as many subaccounts as you want.
  • #1,192
  • Sep 10, 2009 4:03pm Sep 10, 2009 4:03pm
Hi girdle66

Thank you so much for the info. Happy piping.

Quoting girdle66
I use Oanda. you have to open a subaccount to hedge, but it's easy, and you can have as many subaccounts as you want.
BANDA333
  • #1,193
  • Sep 10, 2009 4:24pm Sep 10, 2009 4:24pm
i am back down to -150 pips on these two pairs.
I was at -70 pips sometime today.

So if I went in at the right moment, I would be up many pips right now.
I went in using 30 min TF. Now I am looking at only the daily chart
for the gap to close. This might take the whole week and maybe more.

Oh well, it could be worse...
  • #1,194
  • Sep 10, 2009 6:30pm Sep 10, 2009 6:30pm
Quoting girdle66
Is anybody else having trouble this week? I'm getting clobbered across the board.

All depends on the pair combos.
  • #1,195
  • Sep 10, 2009 6:32pm Sep 10, 2009 6:32pm
Quoting chamane
I think that

AUDUSD/EURUSD
AUDUSD/NZDUSD
EURUSD/NZDUSD
GBPUSD/EURJPY

are among the safest pair combinations to trade right now. They all have high correlation values on hourly timeframes and longer timeframes as well (daily, weekly, monthly).
I am focusing on the first three. NOt crazy about GBPUSD/EURJPY.
  • #1,196
  • Sep 10, 2009 6:33pm Sep 10, 2009 6:33pm
Quoting BANDA
Hi Friends
How are you all? It is difficult trade as the broker with whom have to deal with don't let Hedging and even the positions are not allowed to close normally have to put a opposite trade ..........Could any of you name couple of reliable brokers in Canada/USA allowing hedging and don't go much after stops? Thank you so much folks............happy piping...........

FXDD, FXCM UK


IBFX can't hedge.
  • #1,197
  • Sep 10, 2009 6:36pm Sep 10, 2009 6:36pm
Just got in this pair.
  • #1,198
  • Sep 10, 2009 6:39pm Sep 10, 2009 6:39pm
Guys. Why the need to hedge. That is the whole idea behind going long and short at same time with diff pair ie. Long eu short gu. No need to hedge. This is "almost" like hedging. If the trade goes against u just add to it to avg your price. As long as u don't let yourself get into margin trouble u should b ok.

Don't trade many pairs and don't trade many lots. This is a slow and steady approch. Not going to get rich today but might gain a few bucks here and there.
  • #1,199
  • Sep 10, 2009 6:43pm Sep 10, 2009 6:43pm
Quoting jeffreytp
Just got in this pair.
what tf do you see a divergence on for that pair?
  • #1,200
  • Sep 10, 2009 6:45pm Sep 10, 2009 6:45pm
Quoting jtmoore007
Guys. Why the need to hedge. That is the whole idea behind going long and short at same time with diff pair ie. Long eu short gu. No need to hedge. This is "almost" like hedging. If the trade goes against u just add to it to avg your price. As long as u don't let yourself get into margin trouble u should b ok.

Don't trade many pairs and don't trade many lots. This is a slow and steady approch. Not going to get rich today but might gain a few bucks here and there.
Excellent advice there. Dont overleverage, dont panic on a 100 pip dd, dont expect to get rich quick. slow and steady wins this race.
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