100% hedging system with two brokers - Page 5

AidanPryde · #41 (**permalink**) 06-26-2007, 01:20 AM

Allready answered!

iGoR · #42 (**permalink**) 06-26-2007, 09:40 AM

Quote:

Originally Posted by hotstorm

Igor, thanks for your interesting post. I absolutely realize this is not a high yield strategy or get-rich-quick. I realize you need remarkable capital to perform this strategy.

In spite of that I find it very interesting because it is almost risk free (if I consider my broker reliable and honest).

My addition to this strategy was that I open 19 (or so) different currency pairs (each in direction of positive swap on one account and opposite on "no swap" account). This is to make more time for the strategy to last, which is crucial thing, since we need to keep it open for as long as possible (to collect everyday swap). 19 different pairs go in their directions, each of them, hence you get a mix of positive and negative positions on your account. Your total unrealized P/L might get more balanced to keep your positions open (you avoid getting to margin call too quickly).

I have not tried it on live accounts yet because I have not found reliable broker with no swap. Do you think F.X.C.M & M.a.r.k.e.t.i.v.a. are reliable enough to trade with them? Thanks!

The 25% profit was calculated on the pair that gives the highest interest rate.
If one will work with a lot of other pairs you will look to an anual profit on +/- 1/3 of this (10%.)
Is it worth all the hassel for 10% anual profit?
If you have severall 100.000$ to work with no problem but then again I would never recommend to deposit such large soms of money to a forex broker.
And if you work with small amounts of money it is not worth the effort...

regards...iGoR

hotstorm · #43 (**permalink**) 06-26-2007, 10:10 AM

Quote:

Originally Posted by iGoR

The 25% profit was calculated on the pair that gives the highest interest rate.
If one will work with a lot of other pairs you will look to an anual profit on +/- 1/3 of this (10%.)
Is it worth all the hassel for 10% anual profit?
If you have severall 100.000$ to work with no problem but then again I would never recommend to deposit such large soms of money to a forex broker.
And if you work with small amounts of money it is not worth the effort...

regards...iGoR

I am testing it on demos. I am not telling anyone to do it. This is just experiment. I do not like when somebody saying that something does not work or does work without a proof. I am performing experiment to get a proof. A proof it works or it does not.

Now, the current results, positions opened on June 14:

Alpari: +$12,263 (swap +$1,410)
ODL: -$6,483 (swap -$42)
************************
TOTAL: +$5,780

It is obvious the price quotes from both brokers differ which plays positive role at this moment. Actually, I made +$1,380 on swap only in 12 days. Considering I have 2 x $50K accounts = $100K, then it is 1.38% in 12 days. It makes around 4.2% per month (~$4,200). (my demo accounts are $100K but margin is a way enough to have it opened with $50K only).

I do not think it is bad at all. I might try it next month live with 2 x $5K accounts, which I can afford. This should make me ~$420 a month of net profit.

PS: The best model of cat is cat.

winters · #44 (**permalink**) 06-26-2007, 06:39 PM

This is a good thread about ODL Securities:
250 pips slippage on Currenex - ODL Securities @ Forex Factory

winters · #45 (**permalink**) 06-26-2007, 06:54 PM

ODL Security swaps:
ODL securities -long post @ Forex Factory

hotstorm · #46 (**permalink**) 06-26-2007, 09:34 PM

Quote:

Originally Posted by winters

This is a good thread about ODL Securities:
250 pips slippage on Currenex - ODL Securities @ Forex Factory

Thanks! Interesting reading. Looks like ODL sucks. I also sent them two emails to two addresses but got no reply. It's been a month or so.

However, when I fisrtly opened my demo I received a phone call from the US on my mobile phone - in Europe! That was impressing but the more I know about ODL the more I am convinced not to go with them.

I opened new positions with Gain Capital Group demo (I have only good experineces with them), where I still have live account, so I might use it for live test later on.

winters · #47 (**permalink**) 06-28-2007, 05:21 PM

Actually its a good practice to record what is happening on your screen during the trade. I use WebEx Recorder, which is free and create small vide files.