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Anyone who trades more than 15 currency pairs at a time?

Viva La Puerto Rico! (CodeMonkey)
Apr 04 2014 at 07:47
182 Posts
TheCyclist posted:
And hedging by the way is a fallacy. Very few people I know can keep a fx portfolio hedged. Open a long eurusd and a long usdchf to the same value and see what happens to your NAV...




I agree that it would be hard to do with multiple currencies if you are doing it manually. But using a properly written trading bot, it's not hard to keep the hedge trades properly balanced out. That is a major reason why I use an automated system, it can do all the hard calculations in real time for me, so I don't have to worry about things like that.

I trade 28 currency pairs using a system based upon multiple time frames, trending, spread and a few other things. To do that for 28 pairs manually would extremely difficult. But using an automated system, it's pretty trivial actually.

Viva La Puerto Rico!
forex alert system (forexalertsystem)
Apr 04 2014 at 13:10
101 Posts
easy to spot a newbie, they want to trade everything at the same time.... LOL Fast way to be good at nothing and lose your account....

Philip Omeh (ophili)
Apr 04 2014 at 22:25
37 Posts
I trade many currencies but maximum of about 5 or 6 opens orders at a time.
https://www.myfxbook.com/members/ophili/omp-invest/841550

joopbuis
Apr 05 2014 at 08:04
4 Posts
@forex alert system

That's really funny.
So your system/style only works for one or two pairs ?
That's a flawed system.

Viva La Puerto Rico! (CodeMonkey)
Apr 05 2014 at 20:35
182 Posts
tolgupde posted:
Anyone who trades more than 15 currency pairs at a time?
If yes what are they and do you usually win or lose? I would like to hear from you.



I profitably trade multiple currency pairs.



forexalertsystem posted:
easy to spot a newbie, they want to trade everything at the same time....
LOL Fast way to be good at nothing and lose your account....



It is flawed logic to assume someone is a newbie trader based upon
the number of currency pairs they happen to be watching.


If a trader has a strategy that works on multiple currency pairs profitably,
and if the trader is happy with the growth rate of their account, that
doesn't qualify them as a newbie. I would say the person is smart and
trades with an effective multiple currency strategy.


Analyzing multiple currency pairs, means greater possible trading opportunities.


For example:
A trader decided that they will trade 3 currency pairs. EURUSD, GBPAUD, GBPJPY.

They also decided that they are using a simple moving average crossover strategy, with SMA 20, and SMA 100.
The trader would then have to sit there and watch their charts waiting for the crossover, and hope they
do miss the crossover event.

To increase the efficiency of the trading strategy, the trader might decide to automate their system.

It isn't very difficult to create an automated trading system that can analyze
a large number of currency pairs according to a strict basic set of rules.

The system can then either automatically place the order for the trader, or the trader could be notified
by the system of the opportunity that it has found.

The trader might also take into consideration the account balance, equity, spread, volume,
and a few other things which could determine the maximum number of positions to have open at once.

Simply because there are 30 pairs being analyzed, does not mean the trader is going to open 30 trades all at once.


Viva La Puerto Rico!
Viva La Puerto Rico! (CodeMonkey)
Apr 05 2014 at 20:35
182 Posts
CodeMonkey posted:
The trader would then have to sit there and watch their charts waiting for the crossover, and hope they
do miss the crossover event.



I realize I made a mistake above.

That should have said:


and hope they did not miss the crossover event.




Viva La Puerto Rico!
joopbuis
Apr 06 2014 at 13:25
4 Posts
My system needs a lot of trading pairs because before entering a trade it evaluates current trades win/loss position and will not enter a trade is a correlated trade is already in negative territory.

Also if a trade goes against the system it will use the same correlation table to find the best hedging pair to limit losses.

This trading sytle won't work if you only have a few pairs to choose from.
Sometime the strangest pairs will hedge each other for a given day.

I do not say that every pair is traded as activly as the next so saying 'i am trading 28 pairs' is more 'i am monitoring 28 pairs'.

  

Jayakumar (Jayakumar)
Apr 07 2014 at 06:21
5 Posts
Its better to restrict your trade to few pairs...then only you can feel the pulse of the particular pair and understand the trend. I watch only EUR/USD and able to predict the trend

Making profits in trading is not an one day wonder...its about consistency and how you control your mind...
CrazyTraderfx (CrazyTrader)
Apr 08 2014 at 22:38
1718 Posts
1 chart = 1EA = 28 pairs

vontogr (togr)
Apr 09 2014 at 06:26
4862 Posts
Jayakumar posted:
Its better to restrict your trade to few pairs...then only you can feel the pulse of the particular pair and understand the trend. I watch only EUR/USD and able to predict the trend


That's not true, by trading more pairs you diversify the risk and you can hedge different pairs.
I am not talking about some manual trading but about automated experts running 24/7 on dedicated server:)

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