Anyone who trades more than 15 currency pairs at a time?
forex_trader_28881
Miembro desde Feb 07, 2011
posts 724
Mar 05, 2014 at 15:06
(editado Mar 05, 2014 at 15:14)
I trade 24 and if you're doing those amount of pairs it's not usually predictive trading. So the questions is more or less irrelevant. You'll only do it to win, but not by pair. By portfolio.
They are:
'EURUSD','GBPUSD','USDCHF','USDJPY','EURJPY','AUDUSD','AUDJPY','CADJPY','CHFJPY','EURCHF','GBPAUD','GBPCAD',
'GBPCHF','GBPJPY','USDCAD','EURGBP','EURAUD','EURNZD','EURCAD','USDCAD','AUDNZD','AUDUSD','AUDCAD','NZDJPY
Anything with a spread less than 7 pips, I think was my criteria...
EURNZD is a particular pain in the arse. Just borderline spread wise.
And in that I would trade EURGBP against both EURUSD and GBPUSD which makes no sense at all in conventional FX thinking...it's either doubling up my position or hedging it. There will be similar examples in the rest of the pairs.
They are:
'EURUSD','GBPUSD','USDCHF','USDJPY','EURJPY','AUDUSD','AUDJPY','CADJPY','CHFJPY','EURCHF','GBPAUD','GBPCAD',
'GBPCHF','GBPJPY','USDCAD','EURGBP','EURAUD','EURNZD','EURCAD','USDCAD','AUDNZD','AUDUSD','AUDCAD','NZDJPY
Anything with a spread less than 7 pips, I think was my criteria...
EURNZD is a particular pain in the arse. Just borderline spread wise.
And in that I would trade EURGBP against both EURUSD and GBPUSD which makes no sense at all in conventional FX thinking...it's either doubling up my position or hedging it. There will be similar examples in the rest of the pairs.
forex_trader_28881
Miembro desde Feb 07, 2011
posts 724
Mar 05, 2014 at 15:19
The thing with hedging it is one side will lose value while the other gains, so you can always move money from the winning side to the losing side, be tearing the other way in a day or two.
forex_trader_113121
Miembro desde Feb 20, 2013
posts 26
Mar 05, 2014 at 16:20
You can see it via myfxbook link:https://www.myfxbook.com/members/vothienphu93/robinhood/807405
I trade a lot of pairs to disversify and to have much more signals because I'm a swing trader, I have a very strict filter to have the most accurate setup.
Subscribe my system to see how far it will go :D
I trade a lot of pairs to disversify and to have much more signals because I'm a swing trader, I have a very strict filter to have the most accurate setup.
Subscribe my system to see how far it will go :D
Mar 05, 2014 at 19:32
Thanks for all your replies and for your nice trading performance history. What I would like to know is that are there any struggling traders who have been trying to make money in forex market but have lost or have been losing? I know there are many, but what I would like to know is that are there any among those losing traders who trade more than 10, 15 different pairs manually? If yes, I would like to hear from you. Just send me a private message and will discuss further. Thank you all, keep up the good work!
Mar 07, 2014 at 13:49
@tolgupde Trading so many pairs shows lack of concentration, like others say. You can always do it, but there will be so much randomness that I can't see what good it's going to be trading so many pairs. Say you are trading CHF crosses, you will trade EUR/CHF and USD/CHF, and if you trade another cross you will center around 2-3, max probably 4 pairs. What's the point of trading so many, you will divert too much of your time onto other markets, just do one thing and do it well.
Unless of course you are hedging or find some amazing opportunity/idea to move into more pairs. there could be some nice opportunity to move into non-major currencies or rarely traded pairs on some signal or a view that the currency will gain or fall and make up for the very high spread. Hedging is also an idea if certain currency pair has a high or low (depending on what you are trying to do) correlation with your main trading pairs.
Unless of course you are hedging or find some amazing opportunity/idea to move into more pairs. there could be some nice opportunity to move into non-major currencies or rarely traded pairs on some signal or a view that the currency will gain or fall and make up for the very high spread. Hedging is also an idea if certain currency pair has a high or low (depending on what you are trying to do) correlation with your main trading pairs.
forex_trader_28881
Miembro desde Feb 07, 2011
posts 724
Mar 08, 2014 at 00:57
(editado Mar 08, 2014 at 01:14)
@ZOOM
That's just bullshit. Most who does that amount of pairs, do it using code. That I guarantee you. And they have an appropriate system for it.
And if it's a manual system, like swing trading, the volumes can be as low as a trade per month. Trend is easily 6 weeks, so you have to adjust say 24 trades every 6 weeks. Not very busy is it ?!
And then you can still automate your alarms, so you don't even have to look, you only look on an alarm.
That's just bullshit. Most who does that amount of pairs, do it using code. That I guarantee you. And they have an appropriate system for it.
And if it's a manual system, like swing trading, the volumes can be as low as a trade per month. Trend is easily 6 weeks, so you have to adjust say 24 trades every 6 weeks. Not very busy is it ?!
And then you can still automate your alarms, so you don't even have to look, you only look on an alarm.
Miembro desde Feb 23, 2013
posts 28
Mar 08, 2014 at 01:11
i would trade all instruments that my broker offers; so far i have traded 45 instruments
... i dont know why that shows lack of concentration ... more pairs = more opportunities
... i dont know why that shows lack of concentration ... more pairs = more opportunities
forex_trader_28881
Miembro desde Feb 07, 2011
posts 724
Mar 08, 2014 at 01:26
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...
Miembro desde Jan 14, 2014
posts 386
Mar 08, 2014 at 09:01
(editado Mar 08, 2014 at 09:03)
johnnycash posted:
more pairs = more opportunities
Totally agree with you!
Our Pro Trader trade... everything and make +55% profit with drawdown just 5.87% only since 01.23.2014 (1.5 month) on real account.
Mar 08, 2014 at 10:57
If you are inexperienced or new you can't hedge. Of course you can't hedge 1:1 on a FX portfolio! And what kind of an idiot is going to go for a such a massive hedge in response to an assuming large trade so that you gonna get badly hit on the NAV. Doesn't make sense. Thought you can get some rough hedging still even on a FX portfolio.
As for the 15 pairs, I meant trading it all the same time. What's the point of dipping your toes in 1 meaningless trade a month? And again even if you follow a code it still makes no sense trading 15 pairs when you can focus far more on less pairs - least of all put your money to a better use.
As for the 15 pairs, I meant trading it all the same time. What's the point of dipping your toes in 1 meaningless trade a month? And again even if you follow a code it still makes no sense trading 15 pairs when you can focus far more on less pairs - least of all put your money to a better use.
forex_trader_179249
Miembro desde Mar 01, 2014
posts 3
Mar 08, 2014 at 10:58
I trader 30+, but I am only ever in 1 or 2 open positions.
I don't believe in sticking to 1 or 2 currencies and hunting for trades. I agree more pairs = more opportunities. You just have to be smart as to when you are taking them.
I don't believe in sticking to 1 or 2 currencies and hunting for trades. I agree more pairs = more opportunities. You just have to be smart as to when you are taking them.
Miembro desde Feb 23, 2013
posts 28
Mar 08, 2014 at 14:36
@ZOOM there are people that trade on the daily/weekly charts ... get it in your mind that these people dont need to be focussed staring at the screen all day long ... everything you said may be true for shorttrem traders, for long term traders is pure nonsense
Mar 11, 2014 at 07:59
I absolutely agree more pairs = more opportunity.
What I'm saying is the higher the number of pairs you are trading the less concentrated your trading becomes, unless there is some very good reason, way better than a small daily swing, something like a great opportunity ahead.
@johnnycash What I'm talking about is more of long-term trading, far longer than 1-day time-frame. If you trade way too many pairs in a very short intra-day time frame wouldn't the chances be far higher you would get hit at a SL on a pair or your NAV will go down because there will be too many unpredictable swings. So tell me, why would it be nonsense to stay under 15 pairs for long term traders?
What I'm saying is the higher the number of pairs you are trading the less concentrated your trading becomes, unless there is some very good reason, way better than a small daily swing, something like a great opportunity ahead.
@johnnycash What I'm talking about is more of long-term trading, far longer than 1-day time-frame. If you trade way too many pairs in a very short intra-day time frame wouldn't the chances be far higher you would get hit at a SL on a pair or your NAV will go down because there will be too many unpredictable swings. So tell me, why would it be nonsense to stay under 15 pairs for long term traders?
Miembro desde Feb 23, 2013
posts 28
Mar 11, 2014 at 09:43
no, I did not say that trading 15 or less pairs is nonsense; I just said that its nonsense that you lose focus when its more than 15 pairs and timeframes like daily or weekly. I guess we misunderstood each other.
Miembro desde Feb 22, 2011
posts 4862
Mar 14, 2014 at 12:21
TheCyclist posted:
@ZOOM
That's just bullshit. Most who does that amount of pairs, do it using code. That I guarantee you. And they have an appropriate system for it.
And if it's a manual system, like swing trading, the volumes can be as low as a trade per month. Trend is easily 6 weeks, so you have to adjust say 24 trades every 6 weeks. Not very busy is it ?!
And then you can still automate your alarms, so you don't even have to look, you only look on an alarm.
amen to that brother.
Trading more pairs is great way to reduce DD and keep stable profit. Of course this is done in real time by automated trading systems.
Like this:)
Currency
Trades
Pips
Profit($)
Trades
Pips
Profit($)
Trades
Pips
Profit($)
Won (%)
Lost (%)
USDJPY 88 996.6 10.08 112 -809.7 14.55 200 186.9 24.63 134 (67%) 66 (33%)
AUDUSD 89 -377.2 12.21 108 34.7 11.65 197 -342.5 23.86 125 (63%) 72 (37%)
NZDCHF 107 835.8 11.82 90 553.0 14.25 197 1388.8 26.07 132 (67%) 65 (33%)
GBPCAD 156 1838.0 20.00 150 -6401.5 23.50 306 -4563.5 43.50 199 (65%) 107 (35%)
GBPNZD 124 1668.4 13.55 162 1151.4 18.86 286 2819.8 32.41 191 (67%) 95 (33%)
EURJPY 113 1697.3 17.09 117 628.8 18.08 230 2326.1 35.17 155 (67%) 75 (33%)
CHFJPY 116 1470.6 14.80 167 -678.0 15.80 283 792.6 30.60 179 (63%) 104 (37%)
EURGBP 67 303.3 9.39 104 941.9 14.96 171 1245.2 24.35 106 (62%) 65 (38%)
NZDUSD 107 1029.0 11.70 137 -1740.8 15.59 244 -711.8 27.29 146 (60%) 98 (40%)
AUDCAD 107 -1998.7 13.89 130 534.2 17.52 237 -1464.5 31.41 153 (65%) 84 (35%)
AUDNZD 98 -7242.5 22.15 102 1123.8 13.15 200 -6118.7 35.30 124 (62%) 76 (38%)
AUDJPY 93 -552.4 14.12 140 55.0 16.19 233 -497.4 30.31 155 (67%) 78 (33%)
EURNZD 56 1008.8 7.97 140 -3370.5 17.26 196 -2361.7 25.23 136 (69%) 60 (31%)
EURAUD 63 126.9 8.95 98 -5036.3 18.92 161 -4909.4 27.87 98 (61%) 63 (39%)
GBPAUD 105 910.3 14.91 82 220.3 11.57 187 1130.6 26.48 127 (68%) 60 (32%)
EURCAD 119 579.3 13.89 129 372.8 15.43 248 952.1 29.32 163 (66%) 85 (34%)
GBPJPY 137 1734.6 17.68 159 633.9 21.63 296 2368.5 39.31 192 (65%) 104 (35%)
GBPCHF 82 1003.6 11.10 132 1193.9 23.73 214 2197.5 34.83 147 (69%) 67 (31%)
EURCHF 38 395.9 5.05 64 185.5 7.90 102 581.4 12.95 67 (66%) 35 (34%)
GBPUSD 101 -1925.7 17.82 95 -295.6 11.53 196 -2221.3 29.35 126 (64%) 70 (36%)
CADJPY 121 -2709.4 17.25 141 611.2 17.86 262 -2098.2 35.11 167 (64%) 95 (36%)
USDCAD 118 618.0 10.70 116 -851.1 14.33 234 -233.1 25.03 151 (65%) 83 (35%)
NZDJPY 120 1067.8 15.31 142 1456.0 17.45 262 2523.8 32.76 174 (66%) 88 (34%)
AUDCHF 89 251.6 9.73 92 1410.8 14.31 181 1662.4 24.04 126 (70%) 55 (30%)
USDCHF 105 792.5 11.01 111 1288.2 15.10 216 2080.7 26.11 145 (67%) 71 (33%)
EURUSD 88 667.5 8.35 104 832.7 10.20 192 1500.2 18.55 131 (68%) 61 (32%)
