short AUD/EUR/USD

if you're playing along at home, one simple way to do it is just attache a trailing stop to add on each position until you get a full load on, and then switch to a trailing stop to exit. But it never usually gets that far because I close the whole thing out when it hits my profit target and go looking for something else to put on or take the other side.

limit orders to add to losers also helps. But don't do that unless you are a trained professional

not sure I could train a trader how to do it, but I'm pretty sure I could teach a smart monkey how it works
 
Quote from atticus:

Sure, it's going to involve pip-variability, but it's a bit easier to watch the synthetic than four charts.
would you know how to set up a synthetic index for the whole thing so I could use Bollinger bands?
 
Quote from oldtime:

would you know how to set up a synthetic index for the whole thing so I could use Bollinger bands?
actually, I just got a bright idea this very minute. I could set up a portfolio in a paper account and the just use some kind of account balance chart that would accept indicators.
 
Quote from oldtime:

would you know how to set up a synthetic index for the whole thing so I could use Bollinger bands?

Open an Oanda demo account and they will net exposure. Very convenient. Alternatively you could do something in IBTWS. I don't know if you can chart PNL easily but you can simply look at your net liq.
 
Quote from oldtime:

twice the commish, twice the spread, twice the fun.

Well sure, that's why you should look into dissection. This assumes you're doing all these simultaneously. Of course you're going see synthetics as they enter the books, that's unavoidable.
 
Quote from atticus:

Natural
Long GBPUSD

Synthetic
Short EURGBP
Long EURUSD

Now I just have to figure out what this means? lol

Don't tell me I want to figure this out myself.

I'll post the answer later you tell me if I am right :)
 
collage: like atticus said, open an Oanda demo account. Buy GBP/USD and look at the exposure-tab. Close the trade. Sell EUR/GBP and buy EUR/USD and look at the exposure tab again.
 
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