Steve
The general rule of thumb is SL is >= 10% dd then start hedging at >= 5% dd.
Scoobs.
The general rule of thumb is SL is >= 10% dd then start hedging at >= 5% dd.
Scoobs.
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DislikedHi Scooby,
Please accept my apologies for stupid question which make me confuse since 7 days. Also sorry for my bad English too.
==What is the formula to calculate the minimum Balance for our account to trade safe from margin call ?, if we want to trade BOJ EA with---> "account size being >= 2500 given our base lot divisor".
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Examples :
E-global DEMO
Balance : USD 2012
Base-lot size = 0.08 (USD 2012 / 25000)
EA Open trade basket :
Sell :
0.13 UJ
0.08 GJ
0.09 EJ
0,14 Chfjpy
0.14 AudJpy
----------------------
0.56 lot open...Ignored
DislikedSteve
The general rule of thumb is SL is >= 10% dd then start hedging at >= 5% dd.
Scoobs.Ignored
What do you think?
DislikedI just lolled in the bath thinking about this.
I can think of two hedge exit strategies that can also be combined.
- Put a trailing stop on the hedge trades at, say, +100 4 dig crim pips.
- The moment the hedge trades are sent, reduce TpMultiplicationFactor dramatically, say to 10. When BOJ intervenes and the run on the Yen reverses, the basket and its hedge can close out at breakeven, or a loss far smaller than the 10% stop loss. In a slightly different form, the AshFX robot uses this strategy wuccessfully.
What do you think?...
Ignored
DislikedThe NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).
I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...Ignored
DislikedQuick question: the robot sends a call to FFCal Scoobs once a minute. Shall I change this to once every 5 minutes to cut down unnecessary calls? That is one of those logic thingys that I have a tough time getting my head around.
Ignored
void NewsFilterCheck() { // Checks for impending news events. //Call the news reader every 1 minute static int OldBar; if (OldBar == iBars(Symbol(), [color=Blue]PERIOD_M5[/color]) ) return(false); OldBar = iBars(Symbol(), [color=Blue]PERIOD_M5[/color]);
DislikedThe NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).
I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...Ignored
DislikedFXDD still allows hedging but they've applied to join the NFA.
I'm going to take a look at GoMarkets. They're in Australia and allow US citizens. They have nano accounts if that floats your boat http://www.gomarketsaus.com/
As far as US taxes you still have topay them. No broker provides 1099s to the IRS but to not pay the taxes is insane.Ignored
DislikedThe NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).
I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...Ignored