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Need help to sell signals

  • #1
  • First Post: Oct 22, 2010 7:11pm Oct 22, 2010 7:11pm
I'm a US citizen that uses a strategy similar to the "equity millipede". However I am testing this strategy right now and have considered selling signals once I have proven that I can profit with it consistently.

However, since this method requires me to hedge at times with open positions in opposite directions; I currently do this with two accounts via IBFX. Any suggestions on how I could sell these signals.

I have attempted using Collective two however I can't hedge with them. Any other ideas?
  • #2
  • Oct 23, 2010 5:42am Oct 23, 2010 5:42am
Quoting coastalfx
I'm a US citizen that uses a strategy similar to the "equity millipede". However I am testing this strategy right now and have considered selling signals once I have proven that I can profit with it consistently.

However, since this method requires me to hedge at times with open positions in opposite directions; I currently do this with two accounts via IBFX. Any suggestions on how I could sell these signals.

I have attempted using Collective two however I can't hedge with them. Any other ideas?
Both long and short at the same time, on the same product? WHY??

Combine the two account trades and you will end up with either one directional trades or no positions all the time.

Problem soloved??

Regards
Life is a school for the soul
  • #3
  • Oct 23, 2010 2:54pm Oct 23, 2010 2:54pm
Quoting esuffw
Both long and short at the same time, on the same product? WHY??

Combine the two account trades and you will end up with either one directional trades or no positions all the time.

Problem soloved??

Regards
My apologies, but you may want to research the equity millipede method it would make more sense to you. Its basically a method of not timing the market but being able to extract profits from each direction when the market corrects. That over simplified but it's easily one of the best trading methods that I have been able to work with.

The only catch is you have to have good entry skills. Once a good entry is made the the hedge "we don't really call it that" is placed if the market changes direction only because we don't time the market and we trade over weekly and monthly time frames. So often times you will end up with trades in one direction on a weekly chart but in the opposite direction on a monthly trend. Again that's over simplified but I hope it makes more sense now.

Again my first question still applies since it has been unaswered so far. If anyone can help I would appreciate it.
  • #4
  • Oct 24, 2010 8:18pm Oct 24, 2010 8:18pm
I love the equity millipede strategy.. i've been working on it myself these past few weeks... I hope to get some legs up and running soon.

Here's what i've found out about the hedging issues in the U.S. ... of course our great country is always trying to protect us from ourselves by putting up fences everywhere (sorry i wont get started, another can-o-worms all together).

TD Ameritrade has a way to do this. Via the Think or Swim platform on TD Ameritrade I could hold a long position on the EUR/USD via normal commission style (simple pip spread) and I could also hold a short position on the EUR/USD# on the same account - the # symbol denotes a different commission style by having a more narrow pip spread but charges something like $2 to open and another $2 to close the position.... It seems that this can be done on all the major currency pairs.

I personally have not started trading with TD yet, but i've been considering it as I have just recently (last week) found out that I can hedge that way.


Another thought i've had for the same problem was considering correlations. Ex. I could be long AUD/USD and short NZD/USD. This is obviously less desirable, but may be relatively effective in the strategy.

let me know if you find out anything as well since i'm in the same boat as you.

Rod
  • #5
  • Oct 24, 2010 9:23pm Oct 24, 2010 9:23pm
I have a broker and am able to do this just fine with that broker. The problem is finding something like Zulutrade, Tradency, Zipsignals etc. To be able to send my signals with.

I use IBFX and I have two accounts it's very easy to switch between accounts in Metatrader. One account is only for selling and the other account is only for buying. I have no problem trading this strategy this way. The problem comes in because some of this signal brokering services will not let you send signals from two accounts brokerage accounts to one signal provider account. Or as with Collective2, I can send signals from two accounts to one Collective2 account but they will not allow hedging at all so that messes me up there.

Rod, I hope that helps you. I am still looking for help and suggestions. The only services I have used is Zulutrade and Collective2.

Thanks,
Jackie
  • #6
  • Oct 25, 2010 6:27am Oct 25, 2010 6:27am
Quoting coastalfx
I'm a US citizen that uses a strategy similar to the "equity millipede". However I am testing this strategy right now and have considered selling signals once I have proven that I can profit with it consistently.

However, since this method requires me to hedge at times with open positions in opposite directions; I currently do this with two accounts via IBFX. Any suggestions on how I could sell these signals.

I have attempted using Collective two however I can't hedge with them. Any other ideas?
Traders who do not make any money in trading 'sell signals, seminars, psychology training, associated trading business services etc.

This is a NAKED TRUTH-

The global trading ecosystem is filled with billions of dollars monetary spam. Business channels like CNBC, Bloomberg make money out of Ads and pay their expenses making a profit out of it.

Experienced failed traders sell signals, automatic robots, seminars etc making a living out of it.

This is a billions and billions of dollar trading scam industry which adds to global GDP production. In nutshell, 95-99% traders does not make any money in trading on consistent basis.

The rest 1-5% are the top millionaire traders who swallow all the money the rest 95-99% traders has to offer in bouts of volatility.

I know it sounds pessimistic but life itself is a big scam. Within this greatest life scam, there are smaller scams like trading scam

Sorry my brother but i know the truth of this industry.

GLOBAL TRADING SCAM
  • #7
  • Oct 25, 2010 10:21pm Oct 25, 2010 10:21pm
I'm certain there is some truth to that however did you actually have some constructive help you could provide?
  • #8
  • Oct 25, 2010 11:24pm Oct 25, 2010 11:24pm
Quoting coastalfx
I'm certain there is some truth to that however did you actually have some constructive help you could provide?
Come on, i already said. if you combine the two account trades together, you will ALWAYS END UP WITH JUST ONE POSITION OR NO POSITIONS NO MATTER WHAT THE @#$&#$^* STRATEGY DOES.

Do you get it yet???? You are trying to sell something you don't understand! As kingfisher said, the guy who sold you the is most likely in the same situation to you, the blind leading and charging the blind'er...

Please, learn how to trade for real, then go and help those in need.
Life is a school for the soul
  • #9
  • Oct 25, 2010 11:46pm Oct 25, 2010 11:46pm
Quoting esuffw
Come on, i already said. if you combine the two account trades together, you will ALWAYS END UP WITH JUST ONE POSITION OR NO POSITIONS NO MATTER WHAT THE @#$&#$^* STRATEGY DOES.

Do you get it yet???? You are trying to sell something you don't understand! As kingfisher said, the guy who sold you the is most likely in the same situation to you, the blind leading and charging the blind'er...

Please, learn how to trade for real, then go and help those in need.
Only if you know the direction of the market... of course I do not know the direction of the market.

I am trading my own account. I have a brother and a business partner that both would like to have me manager their money. Although this is my account I don't want to trade their money. However, they can choose to use my signals in part or in all if I can find the right service to make this easy for us all. Any signals are coming off of my account.

Here is some recreation reading for you : http://www.forexfactory.com/showthread.php?t=245149


I'm assuming your posts are intended to educate but it's clear you are unaware of who you are talking to or my experience nor the source of my strategy.
  • #10
  • Last Post: Oct 26, 2010 3:42am Oct 26, 2010 3:42am
Quoting coastalfx
Only if you know the direction of the market... of course I do not know the direction of the market.

I am trading my own account. I have a brother and a business partner that both would like to have me manager their money. Although this is my account I don't want to trade their money. However, they can choose to use my signals in part or in all if I can find the right service to make this easy for us all. Any signals are coming off of my account.

Here is some recreation reading for you : http://www.forexfactory.com/showthread.php?t=245149...
Yes, great strategy. Will make you lots of money. Sorry to have offended.

Good luck and have fun selling your service.
Life is a school for the soul
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