Three Pairs Hedging | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, CHF/JPY, EUR/CHF, EUR/GBP, EUR/JPY, GBP/CHF, GBP/JPY, GBP/USD, USD/CHF, USD/JPY

Similar Threads

Hedging all possible currency pairs at once! 13 replies

Hedging synthetic pairs 25 replies

Hedging correlated pairs using pip difference 16 replies

Need help hedging Exotic Pairs 2 replies

Trending Pairs / Ranging Pairs 0 replies

Attachments: Three Pairs Hedging
Exit Attachments

Three Pairs Hedging

  • #361
  • Mar 20, 2011 9:20pm Mar 20, 2011 9:20pm
Quoting persia
who do you think you are that want to judge me through my comments,this is a free and public forum that everyone can speak,+10 years is enough for me to earn my money from forex but i always welcome a new idea to improve this exciting business,i dont care about others experience until that i get the result bu myself,why you are pushing people to accept your thought since you dont like others experience, yes i did those trade and still getting very good result and i have to remind you the statement that you mentioed in your post is not mine so please...
So you have 10+ years trading forex? Reading your comments on this thread could have fooled me. Yes free forum, you are free to cheerlead your system. Best of luck to you with it.
  • #362
  • Mar 20, 2011 9:55pm Mar 20, 2011 9:55pm
that's why i said that this thread is very entertaining,

and i'm entertained again today,

Quoting thorn
So you have 10+ years trading forex?
  • #363
  • Mar 20, 2011 10:22pm Mar 20, 2011 10:22pm
Entertaining yes, but not quite as entertaining as the AMAZING Strategy thread
  • #364
  • Mar 21, 2011 10:23am Mar 21, 2011 10:23am
so what's going on now... is this formula good or bad... looks like there's some postive and negative energy battle...
  • #365
  • Mar 21, 2011 4:18pm Mar 21, 2011 4:18pm
Quoting fortheex
so what's going on now... is this formula good or bad... looks like there's some postive and negative energy battle...
Hope you observed that all negatives are now positive. The truth I have discovered about this strategy is that the market will always correct itself for you to be in profit. Also, risk management is very important to be successful trading the system. My greatest amazement is that, even on my special hedging strategy which is more like this one, I am also profitable.

cheers
  • #366
  • Mar 21, 2011 4:56pm Mar 21, 2011 4:56pm
Quoting fortheex
looks like there's some postive and negative energy battle...
Like Goku and Vegeta from DragonBallZ right?
  • #367
  • Mar 23, 2011 1:12am Mar 23, 2011 1:12am
Quoting the-game
Like Goku and Vegeta from DragonBallZ right?

sorry, but what's the meaning...????
  • #368
  • Edited 5:13am Mar 26, 2011 4:04am | Edited 5:13am
Here you see three still open baskets (one from 8th march) and the margin level went down to 82%.
After that it started to recover and is up now at 181.13% (real money)

Attached Image (click to enlarge)
Click to Enlarge Name: 26-03-2011 09-54-07.png Size: 13 KB


So do not open to many baskets.

I use the EA from post www.forexfactory.com/showpost.php?p=4402134
But that is not a good one, because it sometimes opens orders and closes them right afterwards, before the complete basket has been opened at all.

I use a TP of 150 pips right now.

Here is also a screenshot from another broker (demo)

Attached Image (click to enlarge)
Click to Enlarge Name: 26-03-2011 11-10-00.png Size: 11 KB


Went down to 8,200$ and now came back up to 10,868$
  • #369
  • Mar 26, 2011 8:38am Mar 26, 2011 8:38am
when USDCHF is moving up buy only SSB basket when it is coming down BBS.
"Put all your efforts in becoming effortless"
  • #370
  • Mar 26, 2011 9:43am Mar 26, 2011 9:43am
Here is what I tried last month and I hope this post is still useful to understand the mechanics of this trend and the few days live test I did, which is nothing but trading a single pair.
---------------------------------------------------------------

OK...I got profit with 3 pair hedging method using GBPUSDJPY pairs with BBS. But now I understand the mechanics of this 3 pair result. My total gain is nothing but 60% of the USDJPY short difference.

To verify this that I could have just shorted USDJPY instead of the above, I tested as following. I entered two sets of new trades- BBS and SSB on GBPUSDJPY pair. I added the 60% to GBPJPY...which is as below:
GBPUSD: 1.0
USDJPY: 1.6
GBPJPY: 1.0 (opposite)
My P/L is at the spread level in both the trades. which means the profit or the loss we are making is the result of 60% short in case of BBS and nothing more, at the expense of triple the spread. Brokers will love this....

-------------------------------------------------------------
I still dont understand this method. After 25 pages on this thread, I start wondering if I did not understand something or may be I am too naive to be open minded to this 'new riskfree idea'?
  • #371
  • Mar 26, 2011 9:56am Mar 26, 2011 9:56am
Quoting PipMaxzz
My P/L is at the spread level in both the trades. which means the profit or the loss we are making is the result of 60% short in case of BBS and nothing more, at the expense of triple the spread. Brokers will love this....

-------------------------------------------------------------
I still dont understand this method. After 25 pages on this thread, I start wondering if I did not understand something or may be I am too naive to be open minded to this 'new riskfree idea'?
You are absolutely right, but people still percieve some risk free profit in this kind of trading, probaly because they see no need to study the trend and all that as with a single pair and enter whenever they like and in whatever direction. One can do that with single pair too.
"Put all your efforts in becoming effortless"
  • #372
  • Mar 26, 2011 11:31am Mar 26, 2011 11:31am
keep running this, you will wipe out your account in a few months.

this comment is as hard as iron.

Quoting cash4u2
Here you see three still open baskets (one from 8th march) and the margin level went down to 82%.
After that it started to recover and is up now at 181.13% (real money)
  • #373
  • Mar 26, 2011 11:32am Mar 26, 2011 11:32am
Quoting PipMaxzz
OK...I got profit with 3 pair hedging method using GBPUSDJPY pairs with BBS. But now I understand the mechanics of this 3 pair result. My total gain is nothing but 60% of the USDJPY short difference.

To verify this that I could have just shorted USDJPY instead of the above, I tested as following. I entered two sets of new trades- BBS and SSB on GBPUSDJPY pair. I added the 60% to GBPJPY...which is as below:
GBPUSD: 1.0
USDJPY: 1.6
GBPJPY: 1.0 (opposite)
If you want to use the same tick value for the single pairs, you should use:

GBPUSD = 1.23
USDJPY = 1.00
GBPJPY = 1.00

To use Tick_value is even better, because, we go for pips and not for a special amount of account currency in profit.
  • #374
  • Mar 26, 2011 3:16pm Mar 26, 2011 3:16pm
Quoting charvo
keep running this, you will wipe out your account in a few months.

this comment is as hard as iron.
Therefore it should be used a sensible MM and a certain amount of baskets. Bad MM and too many baskets will certainly blow any account.

I wanted to use only two baskets for my real money account, but I forgot to disable the EA for the third basket.
  • #375
  • Mar 28, 2011 8:27am Mar 28, 2011 8:27am
Quoting cash4u2
I use the EA from post www.forexfactory.com/showpost.php?p=4402134
But that is not a good one, because it sometimes opens orders and closes them right afterwards, before the complete basket has been opened at all.

I use a TP of 150 pips right now.

Here is also a screenshot from another broker (demo)

Attachment

Went down to 8,200$ and now came back up to 10,868$
Well, I wrote this EA. the ea closes the basket when it tries to open and theres a re-quote on some of the legs. For eg. 2 legs opened out of three. and the third one keeps requoting.
  • #376
  • Mar 31, 2011 1:53pm Mar 31, 2011 1:53pm
Good-day All,

In Face of Market Turbulent this strategy still worked:
This is how it happened:
1. I diversified my portfolio- Instead of Trading 1lot for 3 pairs(1basket) on 10k account, I traded 0.1 for 3pairs on 10baskets with target profit of $10+.Sound money management is important. You make profit on each of the 10basket 3-5times in a month.

2.Secondly I now discovered how to trade the strategy better. Just Trade currency pairs with the first two pairs highly negatively correlated, and the third pair oscillate in-between them to make you profitable.

eg.
EURUSD,USDCHF,EURCHF; AUDUSD,GBPAUD,GBPUSD;GBPUSD,USDCHF,GBPCHF;USDCAD,CADCHF,USDCHF
etc.
Just study more on Highly Negative Correlated Pairs.


Oluwadare
Successful Trading
  • #377
  • Apr 3, 2011 3:05pm Apr 3, 2011 3:05pm
Quoting oluwadare
Good-day All,

In Face of Market Turbulent this strategy still worked:
This is how it happened:
1. I diversified my portfolio- Instead of Trading 1lot for 3 pairs(1basket) on 10k account, I traded 0.1 for 3pairs on 10baskets with target profit of $10+.Sound money management is important. You make profit on each of the 10basket 3-5times in a month.

2.Secondly I now discovered how to trade the strategy better. Just Trade currency pairs with the first two pairs highly negatively correlated, and the third pair oscillate in-between them to make you...
And it seems we should avoid any pairs combined with JPY.

But the other pairs are bouncing back into our favor ;-)

Attached Image (click to enlarge)
Click to Enlarge Name: 03-04-2011 22-02-41.png Size: 11 KB


On my other account, the JPY combination is still over 400 pips minus!
  • #378
  • Apr 3, 2011 4:10pm Apr 3, 2011 4:10pm
this is great! thanks for sharing this one. one thing I noticed that with an investment of 10K you are able to trade standard lot meaning broker must be giving high leverage to you. do you mind sharing who the broker is,
thx for help!
  • #379
  • Edited 8:20pm Apr 3, 2011 7:57pm | Edited 8:20pm
Good-day,
cash4u
It is not just jpy issue, it is the market situation. I have discovered the adequate rules for entring into any trade on any basket. There are 8 rules I will share it in my next post.

I gues your trade would have GU/UJ/GY the reason why u still have a loss is because the uj and gy are correlated upwards and gu has been stagnant going up and down with no direction. if gu goes up and gy and uj remain stagnant or come down a little you will be in profit.
Note:
It is either gu and uj are highly positive correlated or highly negative correlated for you to be in profit always trading that basket. My correlation table tells me that they are low correlated pairs. It is not save to trade that basket.

I just checked my 20 baskets that gave me 3% two trading days ago , I noticed there is no uj because it is a low correlated pair.

Shaw there are many brokers that allows that eg, broco, trading point or go to this link:http://www.100forexbrokers.com/nfa-r...-forex-brokers or www.earnforex.com

Thank you.
  • #380
  • Apr 3, 2011 11:17pm Apr 3, 2011 11:17pm
waiting for yr 8 rules
2 traders viewing now