Risk4Profit

scooby-doo

Risk4Profit

Post by scooby-doo »

This one should be good for a laugh if nothing else.

When GBPJPY deviates more than -0.25% from its previous days close then we.......

- BUY GBPJPY
- SELL CHFJPY
- SELL GBPUSD
- SELL USDCHF

When GBPJPY deviates more than +0.25% from its previous days close then we.......

- SELL GBPJPY
- BUY CHFJPY
- BUY GBPUSD
- BUY USDCHF

The lot size for GBPJPY and GBPUSD are the same but CHFJPY and USDCHF are different. Also, some of you will notice that this combination of symbols is perfectly aligned by 2 GBP, 2 USD, 2 JPY and 2 CHF trades. Big clue there!!!!

You will need to use a Broker which supports fractional lot sizes to get the values as near correct as possible. This means the minimum lot size you should use is 0.10 and your broker needs to support a lotstep of 0.01.

Scoobs

PS. I havent had the chance to test this yet so there could well be coding errors.
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mbkennel
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Re: Risk4Profit

Post by mbkennel »

Interesting. But how is this supposed to work, at least theoretically?

If you had (in theory)

a) execution of all trades at once
b) perfect lot-size balancing

wouldn't it be looking for 4-way riskless arbitrage, which I imagine is impossible in a retail crim?

How exactly is it supposed to make a profit?
"It is a capital mistake to theorize before one has data." Sir Arthur Conan Doyle.
"If your experiment needs statistics, you ought to have done a better experiment" Lord Rutherford.
scooby-doo

Re: Risk4Profit

Post by scooby-doo »

mbkennel wrote:Interesting. But how is this supposed to work, at least theoretically?

If you had (in theory)

a) execution of all trades at once
b) perfect lot-size balancing

wouldn't it be looking for 4-way riskless arbitrage, which I imagine is impossible in a retail crim?

How exactly is it supposed to make a profit?
1. Yes all trades MUST happen at same time
2. Yes thats why you need fractional lots above 0.10

It will make an overall profit if 3 of the 4 breakout against the neutral hedge. This happens when the market is in a non-normal state.

Doesnt happen that often granted but it is possible even with a retail criminal. I tried it on Friday and the overall profit of the trades was + 0.29%. However the key is knowing when to close the trades out before they swing back into normal hedge.

The good thing about this is if the market acts normally then your DD will just fluctuate in a range, so to some extent you always know your maximum risk.

Also, we are not just opening them willy nilly. We are waiting until GBPJPY deviates +/- from its previous days close.

Scoobs.
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alex_forex
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Re: Risk4Profit

Post by alex_forex »

Hello Scoobs,

I set up a demo for the next market opening.
It is just needed to put the EA on GBPJPY I thought ?

Kind regards
Alex
scooby-doo

Re: Risk4Profit

Post by scooby-doo »

alex_forex wrote:Hello Scoobs,

I set up a demo for the next market opening.
It is just needed to put the EA on GBPJPY I thought ?

Kind regards
Alex
Yes. Only put the EA on GBPJPY. It will open all 4 trades when GBPJPY deviates.

Scoobs
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alex_forex
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Re: Risk4Profit

Post by alex_forex »

Thanks Scoobs.

Will keep you all updated with this new one :)

Regards
Alex
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hiredwhip
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Re: Risk4Profit

Post by hiredwhip »

Nice One Scoobs.......Very Interesting......Will give it a go!!

Have a great week

whip
A rainy day is of enormous value to both the farm and the farmer....Stay Hungry. Stay Foolish....
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hiredwhip
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Re: Risk4Profit

Post by hiredwhip »

hiredwhip wrote:Nice One Scoobs.......Very Interesting......Will give it a go!!

Have a great week

whip
I have a set of trades Scoobs.......Will let you know how it goes

whip
A rainy day is of enormous value to both the farm and the farmer....Stay Hungry. Stay Foolish....
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alex_forex
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Re: Risk4Profit

Post by alex_forex »

hiredwhip wrote:
hiredwhip wrote:Nice One Scoobs.......Very Interesting......Will give it a go!!

Have a great week

whip
I have a set of trades Scoobs.......Will let you know how it goes

whip
Same here ;)
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alex_forex
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Re: Risk4Profit

Post by alex_forex »

Open Trades
Symbol, Action, Lots, Open Price, TP,SL, Profit, Pips, Swap
GBPJPY, Sell, 1.00, 130.983, 0,0, -687.01, -75.5, 0.0
CHFJPY, Buy, 1.44, 90.928, 0,0, 313.2, 23.9, 0.0
GBPUSD, Buy, 1.00, 1.58784, 0,0, 9.06, 1.2, 0.0
USDCHF, Buy, 1.74, 0.90756, 0,0, 319.05, 22.1, 0.0
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