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Building an equity millipede

  • #5,161
  • May 5, 2012 9:01am May 5, 2012 9:01am
Quoting fugly
Can anyone who is actually trading the strategy comment on the effects of rollover .... the effect seems to be staggering ...... takes a bite size chunk out of your profits as most swaps are negative either way because of the small differential on interest rates these days ..... even with oanda who pay an interest on the money in the account itself ..... even with that the rollover deducted due to swap is staggering !!
Find a swap-free broker ....
  • #5,162
  • May 5, 2012 10:19am May 5, 2012 10:19am
Quoting luqmanz
Find a swap-free broker ....
that would be a very good solution, I thought only Islamic individuals were illegible for them ...... at least the larger brokers.

Can you suggest a broker?
  • #5,163
  • May 5, 2012 10:39am May 5, 2012 10:39am
Quoting fugly
Can anyone who is actually trading the strategy comment on the effects of rollover .... the effect seems to be staggering ...... takes a bite size chunk out of your profits as most swaps are negative either way because of the small differential on interest rates these days ..... even with oanda who pay an interest on the money in the account itself ..... even with that the rollover deducted due to swap is staggering !!
The most significant one would be AUD/USD. But given this pair tend to move with stock market (stock up, AUD/USD up) and stock tends to move up slower than move down. In a long run, interest seems to work in your favour (provided AUD stays high interest).

Attached a diagram of comparison of interest rates between brokers. It is incomplete though. The last column is interest you have to pay for hedging (in pip). You may choose diff brokers for diff pairs. Hope this helps.

Attached Image (click to enlarge)
Click to Enlarge Name: interest.png Size: 29 KB
  • #5,164
  • May 6, 2012 10:56am May 6, 2012 10:56am
Quoting fugly
that would be a very good solution, I thought only Islamic individuals were illegible for them ...... at least the larger brokers.

Can you suggest a broker?
Theres a quite a number of them ... Insta/Tadawul/IBFX ... etc just Google them ..
  • #5,165
  • May 12, 2012 3:47am May 12, 2012 3:47am
Quoting ieatbanana
I use ATC Brokers. They're a white label of FXCM, but they allows hedging.
I trade with Oanda from Europe, and hedge...open a second sub-account and trade in the opposite direction..
Heard they donīt allow that in USA though..
As for partial closing, just buy or sell back a portion, provided you trade with Oanda from the main platform but not from the MT4. which only trades in lots.
  • #5,166
  • May 28, 2012 4:34pm May 28, 2012 4:34pm
Quoting cuchuflito
I trade with Oanda from Europe, and hedge...open a second sub-account and trade in the opposite direction..
Heard they donīt allow that in USA though..
As for partial closing, just buy or sell back a portion, provided you trade with Oanda from the main platform but not from the MT4. which only trades in lots.
Oanda does allow you to enter hedged positions in the US, as long as the positions are in sub accounts. The main issue with that, is that you have to make sure that you are managing your margin correctly. You will have to sometimes, move funds from one account to the other, as market conditions and margin levels change.
  • #5,167
  • May 29, 2012 9:35am May 29, 2012 9:35am
Hi all guys, I'm relative new to forex (1.5 yr of trading) and unfortunaterly not english....
I've read very carefully the first 20-25 pages of this thread, and even if it was so interesting I didn't came with any trading method or system (maybe because of my poor english).....
Is there any resume of the "rules" of this system?
I've understood to follow the monthly/weekly trend, I've understood to open multiple positions (even opposite) at the same time, but I can't put all together to build a method.

My apologize to all and thx in advance
  • #5,168
  • May 29, 2012 11:55pm May 29, 2012 11:55pm
Quoting lucariga
Hi all guys, I'm relative new to forex (1.5 yr of trading) and unfortunaterly not english....
I've read very carefully the first 20-25 pages of this thread, and even if it was so interesting I didn't came with any trading method or system (maybe because of my poor english).....
Is there any resume of the "rules" of this system?
I've understood to follow the monthly/weekly trend, I've understood to open multiple positions (even opposite) at the same time, but I can't put all together to build a method.

My apologize to all and thx in advance...
Take a look at this post: http://www.forexfactory.com/showthre...24#post3872524

There is an example of how the system begin. The objetive is put some trades up to keep a few trades alive. It will to tell you the major trendline to follow. Then, you have to make the same every few days/weeks/months and take a look if the trend is the same or if you are looking a change in it.
  • #5,169
  • Jun 3, 2012 3:45pm Jun 3, 2012 3:45pm
Hi ALL...
I have developed a method using bits and pieces that have been floating
around in this thread...and very minor modifications
but believe in the core principles..what Pipeasy is teaching us.

Its still in the incipient stages..and so far has been working super for me..(its a demo)
my floating equity is over +50% and its just been 3 weeks!!

Best,
Manoj
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #5,170
  • Jun 3, 2012 4:00pm Jun 3, 2012 4:00pm
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: floating equity june 4 2012.gif Size: 69 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #5,171
  • Jun 3, 2012 4:40pm Jun 3, 2012 4:40pm
Quoting supercat1977
...

newbies...please read through the pdf and zip file...it will help you a lot!!

thanks,
manoj
Hi supercat, here is a lot of pdf's and a lot of zip files. Which are?
  • #5,172
  • Jun 3, 2012 4:54pm Jun 3, 2012 4:54pm
I would suggest...to look through the thread from the beginning..read them..
I am not exactly sure where and which, because this has been developed
through a long period of time.

this might help you to start with.

http://www.forexfactory.com/showthre...80#post5625980
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #5,173
  • Jun 3, 2012 5:31pm Jun 3, 2012 5:31pm
It's incredible how far off track a thread can go sometimes.
  • #5,174
  • Jun 4, 2012 1:10am Jun 4, 2012 1:10am
I am out of here..i deleted my posts..on this thread.

thanks for choosing forexfactory!!
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #5,175
  • Jun 10, 2012 1:04pm Jun 10, 2012 1:04pm
Quoting fugly
Graeme in the above example I'd just like to ask:

1)You mentioned he moves to Be before adding each new position, can i ask at what point he moves to BE, for example will he move to BE on the close of the candle he made the entry? Od does he move to BE later?

2)In the above example as he moves to BE before making an additional entry so he makes the inital entry after the flying buddha marked by the first orange circle, on the close of that candle he moves to BE. He makes the second entry on the next candle marked by the second orange circle and...
sorry for the stupid question but I am new to the thread, and I need some clarification .
1) in the post above is the term used is BE ...... what is menasB E ?
2) in the thread talking about open positions pipeasy diversified ... diversify the term refers to open more locations ... or alternatively open and keep alive counter positions ( short and long)
3) from a few posts seem to take place only under buy / sell limit .. but others seem to take place buy / sell limit and also sell / buy stop ... which is it?
  • #5,176
  • Jun 10, 2012 2:17pm Jun 10, 2012 2:17pm
BE= BreakEven
  • #5,177
  • Jun 11, 2012 3:14am Jun 11, 2012 3:14am
Try reading the thread yourself first

Quoting L,,Olonese
sorry for the stupid question but I am new to the thread, and I need some clarification .
1) in the post above is the term used is BE ...... what is menasB E ?
2) in the thread talking about open positions pipeasy diversified ... diversify the term refers to open more locations ... or alternatively open and keep alive counter positions ( short and long)
3) from a few posts seem to take place only under buy / sell limit .. but others seem to take place buy / sell limit and also sell / buy stop ... which is it?
  • #5,178
  • Jun 11, 2012 5:09am Jun 11, 2012 5:09am
Quoting gssintokyo
Try reading the thread yourself first
iam reading the thread....but my leanguege

My language is not English ... so sometimes I'm not sure I understand correctly ... if I ask you something because I'm not sure I understand correctly
  • #5,179
  • Jun 17, 2012 11:51am Jun 17, 2012 11:51am
Quoting pipEASY
My starting capital was 6 figures. However my capital never went -10%.

I can assure you, large capital is not needed. I have a good example on first page of the thread.

What you will realize is that most short term traders aiming at 1-2% increase per week can also be easily done by entering at a low risk and letting the position grow on the trend.
hi there,
what leevereage would you use, cause surley if it's too high it can go against you when the account goes down.
  • #5,180
  • Jun 18, 2012 1:36am Jun 18, 2012 1:36am
Quoting robert211
hi there,
what leevereage would you use, cause surley if it's too high it can go against you when the account goes down.
Agree, my account also didn't hit more than -10%. This method really works.
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