Hello and welcome to my thread where I'll be showcasing my global currency hedging strategy, that I like to call "Eagles Apprentice". Here we'll be throwing around massive size, spread across all available currency pairs. We're talking watching 70 pairs, breaking up available account balances and spreading that evenly across the pairs that have met the parameters to open trades. This strategy is to be traded with zero leverage. ..So to get the ball rolling, let's open/ set some trade tickets. Aud/chf buy 0.74652 Aud/hkd buy 6.14950 Aud/nzd buy 1.07710 Chf/hkd sell 8.23750 Eur/chf buy 1.17070 Eur/czk buy 25.46460 Eur/huf buy 311.720 Eur/jpy buy 131.440 Eur/nok buy 9.57090 Eur/pln buy 4.19360 Eur/sgd buy 1.62040 Eur/try buy 4.69210 Gbp/aud buy 1.76510 Gbp/chf buy 1.31750 Gbp/hkd buy 10.85380 Gbp/usd buy 1.38500 Nzd/chf buy 0.69310 Nzd/hkd buy 5.70930 Sgd/chf buy 0.7225 Sgd/hkd buy 5.95150 Usd/chf buy 0.95130 Usd/dkk sell 6.05380 Usd/huf sell 253.290 Usd/pln sell 3.40770 Usd/sgd sell 1.31680 Usd/thb sell 31.330 Usd/try buy 3.81190
Don’t really understand what your objectives for this are. Apparently you have an Oanda account. Interactive Brokers, for example, has much better pricing but does have a $10,000 account minimum. It is in your best interest to test new ideas, especially complicated ones, on a simulator before attempting to trade it live. Are you sure you don’t want to watch money flows to and from risk-based assets and trade AUD/JPY or CAD/JPY accordingly? Odds are one of these pairs will be able to absorb your massive size. When an open trade no longer appears to be working, you can “hedge” by closing out the position.
I am looking at 0.4 spread in Eur/usd with a premium account. Do you honestly think absorbing the entire balance into Aud/jpy and or Cad/jpy is a better idea? That seems like an incredibly naive decision, based on minimal experience. Maybe you could show us an example of how this can be done, being how markets just opened for the week, would be an excellent time to start.
.4? Not bad for Oanda. How about .1! You may want to take a look at Interactivebrokers.com. While you’re at it, Babypips.com has extensive, well organized, and free information on trading currencies. They call it the School of Pipsology and it located under the “Education” tab.
Why would we go to babypips? I thought you were going to show us how it was done live on this thread. Now you're going to back out and direct us to another website? Wow, didn't see that coming
Hello mcnoob, for some people that is $1,000 for others that is $10,000,000. For me, it's whatever keeps me from having a good nights sleep.
Hello Handle, "us" refers to anyone reading this thread. So far, this includes you, mcnoob and maximum suffering.