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Attachments: 5% every 24 hours using set and forget - £200 into £1797!
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5% every 24 hours using set and forget - £200 into £1797!

  • #101
  • May 13, 2012 4:05pm May 13, 2012 4:05pm
Just had a look at the link that was posted and looks like a similar strategy in reverse, and it looks like they hedged it in reverse.

The only problem I see with it is that you BOM is not going to give you same odds for no touch/touch (i.e. the same profit as in the system here), so you arent going to be able to get close to hedging as well as in the examples shown.

My 2 cents,

Ben
  • #102
  • May 13, 2012 6:45pm May 13, 2012 6:45pm
Quoting Platinum1st
Hey Ben,

Nice system! Interestingly I was looking at doing something similar but on a weekly basis. I will try the daily first.

I have not tried this method so I am just kicking ideas around. I am not planning on using hedging but I was thinking of the possibility of splitting bets up between different pairs and / or indices to reduce risk and icrease probabliltiy of winning e.g.

1 bet only: payout £100 - cost £95 = £5 profit (5%)
Overall Cost £95, Payout 5% (higher risk ??)

-OR-

1 bet of 5: payout £20 - cost £19 = £1 profit...
This is actually a solid idea. because you are taking 1% risk each trade your level will be further away and so "safer". however The main problem with this idea is that in one day I dont think you are going to find 5 pairs that have no major news coming out... that is quite key to the strategy, to only trade the pair that should have less volatility since their is no news out.

It might be more reasonable to split the bet over 2/3 pairs, you might be able to find some without news.

Another problem might be if you wish to undertake compounding, which could be hard to compute/execute over 5 pairs/trades.

What do you think?

Also how did you do in your weekly trades?
  • #103
  • May 13, 2012 6:48pm May 13, 2012 6:48pm
Quoting Platinum1st
Hey Ben,

Nice system! Interestingly I was looking at doing something similar but on a weekly basis. I will try the daily first.

I have not tried this method so I am just kicking ideas around. I am not planning on using hedging but I was thinking of the possibility of splitting bets up between different pairs and / or indices to reduce risk and icrease probabliltiy of winning e.g.

1 bet only: payout £100 - cost £95 = £5 profit (5%)
Overall Cost £95, Payout 5% (higher risk ??)

-OR-

1 bet of 5: payout £20 - cost £19 = £1 profit...

Just to clarify your method, place No Touch Bet in the opposite direction to the major trend e.g. uptrend place below & downtrend place above."

Yep that is correct.

In terms of identifying the trend, look back about a week typically, or look on Bloomberg for any news related to that currency. I say this cause the Euro is on the downtrend because of the crisis in europe so I am always going to be going against this. I only really trade the eur/gbp because it is less volatile and I have got used to it.

Hope that helps!
  • #104
  • May 14, 2012 1:08am May 14, 2012 1:08am
Hi Ben!

How's your trading result so far? Profitable?
  • #105
  • May 14, 2012 12:23pm May 14, 2012 12:23pm
Quoting Fx2ProTrader
Hi Ben!

How's your trading result so far? Profitable?
See first post updates

Ben
  • #106
  • May 14, 2012 12:25pm May 14, 2012 12:25pm
Trade Taken: No touch level: 0.803 Eur/gbp before midnight 15/05/12
  • #107
  • May 15, 2012 12:12pm May 15, 2012 12:12pm
Quoting bjn201
Trade Taken: No touch level: 0.803 Eur/gbp before midnight 15/05/12

That was close!
  • #108
  • May 15, 2012 12:49pm May 15, 2012 12:49pm
New trade expiry 16/05/2012 : no touch eur/gbp 0.808
  • #109
  • May 15, 2012 1:37pm May 15, 2012 1:37pm
Sir, I will follow your trade next week.
Keep up the good job !
  • #110
  • May 15, 2012 6:34pm May 15, 2012 6:34pm
This is an excellent low risk high reward strategy,


Anyone know a broker like BetOnMarkets that will take US Clients ?
  • #111
  • Edited 3:33am May 16, 2012 1:54am | Edited 3:33am
Quoting bjn201
New trade expiry 16/05/2012 : no touch eur/gbp 0.808
I have been monitor you so far. GOOD JOB!

Could you please post your entry price and time as well? So we could know how your entry at the particular time.

By the way, i took some time to familiar with BOM. But i found that BOM touch price is expensive compare to IG market. I also notice other types of bet as well which is also expensive. You can refer to below screenshot for touch:

Net profit for IG Market:
Touch = 100 -17.6 = USD 82.4 (Risk USD 17.6)
Not touch = USD 17.6 (Risk USD 100 -17.6 = USD 82.4)

Net profit for BOM:
Touch = 100 - 50.33 = USD 49.67 (Risk USD 50.33)
No touch = 100 - 66.91 = USD 33.09 (Risk USD 66.91)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BOM.jpg Size: 78 KB
Click to Enlarge Name: IG.jpg Size: 160 KB
  • #112
  • Edited 3:57am May 16, 2012 3:43am | Edited 3:57am
Quoting Fx2ProTrader
I have been monitor you so far. GOOD JOB!

Could you please post your entry price and time as well? So we could know how your entry at the particular time.

........

I have some ideas here for guarantee earn !!!

If i brought "touch" from IG market + "No touch" from BOM.
If price touch the price.
Profit = USD 82.4 (IG) - USD 66.91 (BOM) = USD 15.49

If price does not touch the price.
Profit = USD 33.09 (BOM) - USD 17.6 (IG) = USD 15.49

You could transfer money between the both account in order to maintain the funds to continue the bet.

Not sure this will work ! I would like to do some research for both broker's betting price to see if favour my ideas.
  • #113
  • May 16, 2012 7:17am May 16, 2012 7:17am
Quoting Fx2ProTrader
I have some ideas here for guarantee earn !!!

If i brought "touch" from IG market + "No touch" from BOM.
If price touch the price.
Profit = USD 82.4 (IG) - USD 66.91 (BOM) = USD 15.49

If price does not touch the price.
Profit = USD 33.09 (BOM) - USD 17.6 (IG) = USD 15.49

You could transfer money between the both account in order to maintain the funds to continue the bet.

Not sure this will work ! I would like to do some research for both broker's betting price to see if favour...

Excellent Idea !!! That is called Arbitrage and is the safest zero risk strategy that i could ever imagine.
  • #114
  • May 16, 2012 7:29am May 16, 2012 7:29am
Quoting Fx2ProTrader
I have some ideas here for guarantee earn !!!

If i brought "touch" from IG market + "No touch" from BOM.
If price touch the price.
Profit = USD 82.4 (IG) - USD 66.91 (BOM) = USD 15.49

If price does not touch the price.
Profit = USD 33.09 (BOM) - USD 17.6 (IG) = USD 15.49

You could transfer money between the both account in order to maintain the funds to continue the bet.

Not sure this will work ! I would like to do some research for both broker's betting price to...
Yes this is the best strategy, however I did not think that IG offer a touch bet? i thought it was you win if it finishes above the line?

Also how did you price the figures above? thats the main problem, pricing the 2 bets, but yes, if it can be correctly priced given moving prices then yes its risk free profit
  • #115
  • May 16, 2012 7:34am May 16, 2012 7:34am
Quoting bjn201
Yes this is the best strategy, however I did not think that IG offer a touch bet? i thought it was you win if it finishes above the line?

Also how did you price the figures above? thats the main problem, pricing the 2 bets, but yes, if it can be correctly priced given moving prices then yes its risk free profit
Sorry my bad, There are 2 different IG companies, IG markets and IG index, index is tax-free spread betting whilst IG markets is taxable CFD trading. But the strategy still stands, good work!

If we could perfect an arbitrage formula to correctly price how much to bet with each, then we are onto riskfree profit

We also have to be careful that they arent monitoring the forums here, dont want them to wake up and we lose our arbitrage ability!
  • #116
  • May 16, 2012 10:30am May 16, 2012 10:30am
Quoting bjn201
Yes this is the best strategy, however I did not think that IG offer a touch bet? i thought it was you win if it finishes above the line?

Also how did you price the figures above? thats the main problem, pricing the 2 bets, but yes, if it can be correctly priced given moving prices then yes its risk free profit
IG market do provide "touch" but only for daily & monthly. I have checked all the pricing and compare for both brokers, there always have differential pricing no matter what kind of betting game.

IG market does not incur commission or any fee for buying a bet. You only pay the premium (Risk) to enter a bet.

You can notice the current price for both screenshot, It is the same price actually because i snap shot one by one.
  • #117
  • May 16, 2012 10:34am May 16, 2012 10:34am
Quoting bjn201
Sorry my bad, There are 2 different IG companies, IG markets and IG index, index is tax-free spread betting whilst IG markets is taxable CFD trading. But the strategy still stands, good work!

If we could perfect an arbitrage formula to correctly price how much to bet with each, then we are onto riskfree profit

We also have to be careful that they arent monitoring the forums here, dont want them to wake up and we lose our arbitrage ability!
Anywhere if there is a risk, you still can earn by using both broker account. Just need to do some calculation. There are more screenshot which i will not post here as you mentioned that. You could email me, so that we could work this out instead of here.
  • #118
  • May 16, 2012 11:43am May 16, 2012 11:43am
Quoting Fx2ProTrader
Anywhere if there is a risk, you still can earn by using both broker account. Just need to do some calculation. There are more screenshot which i will not post here as you mentioned that. You could email me, so that we could work this out instead of here.
ok
  • #119
  • May 16, 2012 11:48am May 16, 2012 11:48am
New trade taken:

16-May-12 16:26:27GMT Eur/gbp @ 0.79944 No touch 0.806

expires: 17-May-12 23:59:59GMT

I only Bet 270 today, opted for higher risk higher reward:

Cost 270 Return 300 (if no touch) = 10%

here should be minimal movements of the euro I think due to there being a french and german bank holiday. Also I entered when the price was closest to 0.80, which is the nearest resistance level.
  • #120
  • May 16, 2012 9:46pm May 16, 2012 9:46pm
Quoting bjn201
New trade taken:

16-May-12 16:26:27GMT Eur/gbp @ 0.79944 No touch 0.806

expires: 17-May-12 23:59:59GMT

I only Bet 270 today, opted for higher risk higher reward:

Cost 270 Return 300 (if no touch) = 10%

here should be minimal movements of the euro I think due to there being a french and german bank holiday. Also I entered when the price was closest to 0.80, which is the nearest resistance level.
Excellent bet taken. EURGBP and EURCHF are the slowest moving pairs and are ideal for these kind of trades. Daily ATR on them is about 30-40 pips, so if you are given a 60+ pip away, always a great trade.

Man i just wish there was a good US broker for this.
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