Hedging Strategy guarantee to make money weeks after weeks

[apfx]

Originally Posted by GB

I like the original strategy as discussed by hedg4x. Problem is: How long is it going to take the broker to see that you are only trading the GBP/JPY? How long before the broker picks up your trading pattern? ( Doing the same kind of trade everytime you enter the market).How long before the broker notice that you are topping the account up? ( You have to do it every now and then , because you cannot win all your deals at one broker). Here is something more negative towards this aspect af trading: All brokers gaurantee their clients privacy, but what if all brokers share a common database of their clients to see if clients have accounts at more than one broker. If this is true they can easily share information and therefore track your moves down. The reason i say this is on Wikipedia i saw a forex article on "arbitrage" and how easily brokers identify those who are doing it. It is said that brokers know how to "deal" with those traders.
I am not negative. I think one should just get all the facts before jumping into it.

The only problem with this strategy is being so obvious
the "interest free" (if it existed a safe one) broker will be constantly loosing money. He can easily monitor your positions and see that you are short high yeilding currencies.
What happens if the "interest free broker" decides to close your short position (system failure) when the curr. is going down ?

[abaker]

with f o r e x s e r v i c e s c a n a d a . c o m, had you had many requotes when trying to close profitable trades? is their platform stable or java?

Originally Posted by hitman2000

Can you tell us wich currency pairs are you using ? I was trying this strategy on EURUSD with USDCHF but if I`ll go long on them I will earn interest on EUR & lose on CHF. I am using O&A. Thank you for your reply

[smeden]

Originally Posted by crucian

There is also another way to do this using the same broker.

Find 2 currency pairs that go in opposite direction and on which you will be getting interest (you have to go long on both of them, but one will be making money, and one will be loosing money) That way, your balace won't change but you will get the interest money. I do this all the time and use a canadian broker that has 2 pip spread on all currency pairs: f o r e x s e r v i c e s c a n a d a . c o m

Hi
I have never heard about this broker. How long have you been using them?
Are they any good? Do they provide API?

[crucian]

Hi,

Yes, they use Java (not my preference, but if you don't have other java programs opened on your computer this platform runs perfectly fine....)

There are two types of orders:
auto reject: you will get your fill at the number you want, or you won't get it at all.

auto market: most of the time you will get the fill where you want it, but if market is moving fast, there may be a difference between what you wanted and what you got... (never had more than 3 pips, at least in my trading).

I didn't like the slippage though so I switched to auto reject and didn't have any issues since then.

[Trevman]

has anyone tried this yet?

[fab4x]

I talked to IBFX and they pay triple interest on Weds.

SO what you do is you pick the highest interest pay. GBP/JPY $24.35 for LONG

You place 2 trades together same time : LONG at the ASK PRICE(223.58), SHORT at the BID PRICE of the LONG trade(223.58). You close the SHORT trade before 4:59PM EST(no interest deducted). then close the LONG at 5:01PM EST. (interested gained 3X)

You cost /lose is 8 pip spread $4.48 x8= $35.84 (full account) you get interest LONG trade for $24.35x3= $73.05. total $37.21
Buy more lots so your total is more!!!!!

Easy!

[fxmktlgc]

Interesting. I have a small account at IBFX that I was thinking about closing or moving somewhere else, but I may give this a shot.

When did you do initiate your positions? Sometime on Wednesday?

Originally Posted by fab4x

I talked to IBFX and they pay triple interest on Weds.

SO what you do is you pick the highest interest pay. GBP/JPY $24.35 for LONG

You place 2 trades together same time : LONG at the ASK PRICE, SHORT at the BID PRICE. You close the SHORT trade before 4:59PM EST(no interest deducted). then close the LONG at 5:01PM EST. (interested gained 3X)

You cost /lose is 8 pip spread $4.48 x8= $35.84 (full account) you get interest LONG trade for $24.35x3= $73.05. total $37.21
Buy more lots so your total is more!!!!!

Easy!

[fab4x]

Originally Posted by fxmktlgc

Interesting. I have a small account at IBFX that I was thinking about closing or moving somewhere else, but I may give this a shot.

When did you do initiate your positions? Sometime on Wednesday?

I did an actual profit comparsion on which pairs would be profitable if you only trade off interests on Wed.

EUR/USD
USD/JPY
EUR/JPY
GBP/CHF
GBP/JPY
Total $80.99 interest made every Weds on a full account. IF you want more then buy more lots