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Quantum 00 Level Daily Trading

  • #81
  • Nov 18, 2018 7:20pm Nov 18, 2018 7:20pm
Quoting mer071898
{quote} Exactly, you do have to do some research. As I explained in post #1, I'm just using Trader's way to show trades that could be taken and potential exits. There are pairs on my broker that show positive swap, but not on Traders Way, and vice versa. On my real account, I actually watch around 20 pairs. Below is a comparison between my broker (who will remain nameless) and Trader's Way.
Okay, your broker must be good, in fact, much better than TraderWay, why not use a demo from your broker, still nameless, but at least the swap will be better.

I checked on TradersWay demo, 14 of the 28 major / minor pair have negative swap on BOTH buy and sell, WTF?

What a rip merchant, no excuse for that!

By comparison, Global Prime demo has only 1 pair with negative swap on both buy and sell.

IC Markets real account has 4 pairs with negative swap on both buy and sell.

Readers, please check your brokers and report in, thanks
It takes a lot for me to IGNORE you, but you can try.
  • #82
  • Nov 18, 2018 7:31pm Nov 18, 2018 7:31pm
Quoting renkotop
{quote} Thank you Erebus! Best regards, Renko
Actually, upon further consideration, it really shouldn't be hard for a coder to make a basic dashboard using the Spread Swap indicator as the base

Just need a column for the pairs, then then Spread, buy swap, sell swap

I'll ask in the Tech section

Here is example of TradersWay negative swap on BOTH buy and sell, on the most traded pair EURUSD no less



Attached Image (click to enlarge)
Click to Enlarge Name: 2018-11-19_11-25-13.png Size: 15 KB
It takes a lot for me to IGNORE you, but you can try.
  • #83
  • Nov 18, 2018 7:34pm Nov 18, 2018 7:34pm
Hi mer,

I thought your idea was worthy enough to mod the round numbers indicator so that it can handle yen pairs without you needing to have all those templates.
Attached File(s)
File Type: mq4 Round Numbers.mq4   4 KB | 501 downloads
If you are good at something, never do it for free--Joker
  • #84
  • Nov 18, 2018 7:52pm Nov 18, 2018 7:52pm
Hi mer,

another example of why you should dump the TradersWay demo, GBPUSD has negative swap buy & sell

If GBP ever sorts out, and is tradable, this is a ridiculous situation, wouldn't you agree?

May I suggest if you don't want to use your actual broker, at least give Global Prime a look, thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-11-19_11-37-00a.png Size: 13 KB
It takes a lot for me to IGNORE you, but you can try.
  • #85
  • Edited 8:08pm Nov 18, 2018 7:56pm | Edited 8:08pm
Quoting Erebus
{quote} Readers, please check your brokers and report in, thanks
P'Stone as below:
Attached Image (click to enlarge)
Click to Enlarge Name: Swap_PS.jpg Size: 190 KB

Indi used, does not have ability to save pairs as a .set file
Attached File(s)
File Type: ex4 ZFXiSwap.ex4   9 KB | 566 downloads
When you are successful perhaps give a thought to others ... Kiva dot org
  • #86
  • Nov 18, 2018 8:00pm Nov 18, 2018 8:00pm
A/N, E/CAD,U/CAD with negative swap.

G/N, N/CAD, N/CHF, N/U with no swap.

Broker OANDA, USA.
If you are good at something, never do it for free--Joker
  • #87
  • Nov 18, 2018 8:07pm Nov 18, 2018 8:07pm
Quoting PayItForward
{quote} P'Stone as below: {image}
Thanks for reply, wow, almost as bad with 10 pairs, you better check GP also

What is the name if that indicator and is it in Codebase?

Here is a great page of information, be sure to scroll down

Later, trade safe!

https://forexop.com/carry-trade-currency-pairs/
It takes a lot for me to IGNORE you, but you can try.
  • #88
  • Nov 18, 2018 8:11pm Nov 18, 2018 8:11pm
Quoting Erebus
{quote} Thanks for reply, wow, almost as bad with 10 pairs, you better check GP also What is the name if that indicator and is it in Codebase? Here is a great page of information, be sure to scroll down Later, trade safe! https://forexop.com/carry-trade-currency-pairs/
Edited previous post, thanks for the info ...
Cheers
When you are successful perhaps give a thought to others ... Kiva dot org
  • #89
  • Nov 18, 2018 10:30pm Nov 18, 2018 10:30pm
fyi Activtrades 20 pairs with positive swap, 7 pairs with 0 swap.
spread is very good as well and no commission.
  • #90
  • Nov 18, 2018 11:47pm Nov 18, 2018 11:47pm
Quoting PayItForward
{quote} P'Stone as below: {image} Indi used, does not have ability to save pairs as a .set file {file}
I have a very high resolution monitor. Is there an indicator where I can adjust the settings for the spacing of the fonts?

My res is 3140 x 2160. See my problem?
If you are good at something, never do it for free--Joker
  • #91
  • Nov 19, 2018 12:01am Nov 19, 2018 12:01am
Quoting jmn5611
{quote} I have a very high resolution monitor. Is there an indicator where I can adjust the settings for the spacing of the fonts? My res is 3140 x 2160. See my problem?
hmmm ... mine is as below:
Attached Image (click to enlarge)
Click to Enlarge Name: Resolution.jpg Size: 230 KB


Q) Is there an indicator where I can adjust the settings for the spacing of the fonts? -
A) Only have the exe file, I think Erebus has requested CJ to make a dash ... hopefully he will and that will work, in the meantime if I find one will let you know.
Cheers
When you are successful perhaps give a thought to others ... Kiva dot org
  • #92
  • Nov 19, 2018 1:00am Nov 19, 2018 1:00am
And there it is, quick and easy to check your broker or any new demo you open

big thanks for cja

Attached Image


https://www.forexfactory.com/showthr...5#post11710165
It takes a lot for me to IGNORE you, but you can try.
  • #93
  • Nov 19, 2018 3:23am Nov 19, 2018 3:23am
I just read through the thread, the entry point is next candle that box is appear? Am I understand correctly?
  • #94
  • Nov 19, 2018 5:31am Nov 19, 2018 5:31am
Quoting jmn5611
{quote} I have a very high resolution monitor. Is there an indicator where I can adjust the settings for the spacing of the fonts? My res is 3140 x 2160. See my problem?


See if this helps.

Close your platform ... then right click on the terminal.exe (or its shortcut) > Properties > Compatibility tab > Check "override high DPI" and select it to "system". Apply ... Then restart your platform.

It generally solves the display issue

Buy low, sell high.
  • #95
  • Nov 19, 2018 5:48am Nov 19, 2018 5:48am
ADS Securities London
Attached Image (click to enlarge)
Click to Enlarge Name: Swaps.png Size: 100 KB
Regards
  • #96
  • Nov 19, 2018 1:07pm Nov 19, 2018 1:07pm
I use this Dashboard for the info it provides which also has swaps...it is from this thread.

https://www.forexfactory.com/showthread.php?t=668957
Attached File(s)
File Type: ex4 QuadCandleDashboard_v1.ex4   54 KB | 482 downloads
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  • #97
  • Nov 19, 2018 2:04pm Nov 19, 2018 2:04pm
I guess this is something you would need to trade on a cent account or a very big one as you could start accumulating huge DD on the initial position + the averaging down ones, right?

I have few questions!

You take a trade at candle close when signal appears only in the way of a positive swap, if next day a new signal appears, you take another one right?

The TP will be 2 main levels above from entry, but each entry separately or all together? I mean, if I have a total of 10 averaging down entries on a pair, should I close all of them at 2 main levels from the FIRST one or I will have to look for the next to main levels for each of the entries?

If you could explain a trade that goes against you I would appreciate.
Thanks for your post
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  • #98
  • Nov 19, 2018 3:48pm Nov 19, 2018 3:48pm
Just checking the 4 Hour charts before New York 5 pm close, virtually every pair with signals is against the swap

for example USDCHF, on a side note, see how it paused on the MN pivot

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-11-20_7-44-54.png Size: 42 KB
It takes a lot for me to IGNORE you, but you can try.
  • #99
  • Edited 5:11pm Nov 19, 2018 4:52pm | Edited 5:11pm
Quoting yonnie
hi mer, if you go for positive swap, you`ll end up with 6 CHF short and 5 JPY short. when the trend is going down a lot and you keep adding long trades, your DD will be out of control even with adding small positions. look what happened with the JPY pairs in 2007/2008. what do you do to counter that scenario?
Yeah, sure it can get out of control, especially if you are not funding your account properly or over leveraging your account. But like I said earlier, I never trade more than 1 lot per 10k at any time, and if I start to reach that limit, I stop adding trades. So I can have numerous open trades and still be comfortable with my margins, especially when other trades close out and the addition of the daily swap are helping increase my equity and free margin, even though it may be minor.

And let's look what happened to Aud/Jpy and Nzd/Jpy in 07/08 using the current swap rate:

Aud/Jpy-13 trades taken in 07/08, all of which were closed out by the blue box. Over half the trades were closed out way before that.

Attached Image (click to enlarge)
Click to Enlarge Name: AudJpy 1.png Size: 136 KB


Nzd/Jpy-21 trades taken in 07/08 (none in 07), all of which were closed out by the second blue box. Over half the trades were closed out way before that at the first blue box.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYiDaily.png Size: 129 KB


So, in short, yes you are going to possibly carry trades for quite an extended time. And if you are concerned about drawdown, I suggest not to trade unless your account can sustain such a drawdown until the trades mature and close out. You'll need to understand that open and closing positions constantly are pretty common in long-term trading. It's just like holding stocks in a portfolio, sometimes they go up, sometimes they go down.

Quoting Erebus
{quote} Okay, your broker must be good, in fact, much better than TraderWay, why not use a demo from your broker, still nameless, but at least the swap will be better. I checked on TradersWay demo, 14 of the 28 major / minor pair have negative swap on BOTH buy and sell, WTF? What a rip merchant, no excuse for that! By comparison, Global Prime demo has only 1 pair with negative swap on both buy and sell. IC Markets real account has 4 pairs with negative swap on both buy and sell. Readers, please check your brokers and report in, thanks
Okay, this is not a comparison between brokers, this is a strategy thread. If you want to compare swap rates within brokers, please do it in the Broker section. And by the way, you don't have to watch just the major/minor pairs, you can use this on the exotic pairs as well.

Quoting jmn5611
Hi mer, I thought your idea was worthy enough to mod the round numbers indicator so that it can handle yen pairs without you needing to have all those templates. {file}
Thanks, jmn5611.

Quoting Erebus
Hi mer, another example of why you should dump the TradersWay demo, GBPUSD has negative swap buy & sell If GBP ever sorts out, and is tradable, this is a ridiculous situation, wouldn't you agree? May I suggest if you don't want to use your actual broker, at least give Global Prime a look, thanks. {image}
It is up to the trader what platform to use. I guess you're not understanding that this broker is just being used for demonstration purposes.

Quoting Erebus
And there it is, quick and easy to check your broker or any new demo you open big thanks for cja {image} https://www.forexfactory.com/showthr...5#post11710165
Thank you Erebus, I'm sure that'll help other individuals pick their pairs to trade.
  • #100
  • Nov 19, 2018 5:00pm Nov 19, 2018 5:00pm
When the first blue box appears enter short after price retraced. When the red box first appears enter buy when price retraced. Because from all the charts you will see at least 3 or more similar color boxes appeared. When in profit use trail stop. Until you are taken out then you reverse your position from buy to sell; and from sell to buy.
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