EA for Swap Trades

Howdi folks,
Been thinking of testing an EA to do scheduled trades with the rollover on swap rates 5pm EST. I want the EA to trade for just a short time before and close out as soon as I can after I am credited the interest.
I know this is a slow method but fairly reliable.
My problem is that here in Australia, I can't get to Metatrader at this time, due to work, so I need to automate it.
Needs the usual details to be able to fiddle with -lot size, stop loss, etc;
and the choice to go long or short; time to open and close, so it can be used in all regions of the world.
I know there are probably zquillions of these simple EAs around, but be buggered if I can find one when I need it.
Can anyone help me with either the design or the file itself, so I can test this strategy out with an EA?
cheers.
frank

post the rules that you want coded...

Currency pairs,
position size calculations,
Times ect..

Hi Frank,
have a look in systems ,at Safe hedging system - daily swap rates.
Carlos has done a fantastic job of an EA for this strategy you may be able to use this. The EA is in post #392.

regards
mike

Thanks for your quick assistance mike and kurka fund. I will have a look at Carlos' EA and see if it will do what I want. I'll post in a day or so.

Mike,
Read through most of the thread (31 pages), but that is not what i had in mind. It is a very interesting EA though and I will look more closely at it when i get this one functioning.
Kurka fund,
These are the parameters I have in mind. It is a very basic system.
1. the daily swap rate changes so I need the EA to allow me to go either long, say on one day, for a time, or short at a later time when the swap rate changes, even though the EA is still on the same chart indefinitely. that is, for some months I may have a positive swap on the long position, then some time later it may turn negative. I want to be able to input either long or short at any day. if it is not possible to do this change using inputs, then the EA can be deleted and reattached specifying long or short position. That would not take long, and I don't think the direction positive or negative changes that often to be much of a hassle.
2. It only trades for the maximum of ten to fifteen minutes in the day. Opens a trade at 4.55 pm and closes at 5.05pm for example. It needs to accept hours and minutes for the entry and hour and minutes for the exit and can handle the four digit time scale, and can accept changes of time regions, either as an input or as a change to the line of coding. Daylight savings would have to be adjusted manually I expect.
3. It can be attached to any chart, and not be specific to any pair in its programming. My plan here is to go long where the swap rate is positiive, Which for one pair may be positive. It is different from Carlos' EA in that I do not need to have opposite sides of the same pair in the market at the same time. I am just going for the positive swap rate interest each day.I upload a shot of the swap rates today and what positions I would have taken today.
4. It trades only on trading days. It will have to be stopped manually for trading holidays i expect.
5. I need to input the lot size manually, although using a risk management model with % risk as an input would be a good addition.
6. It needs to have a stop loss input @ x pips just for good measure for the unexpected.

and that just about does it.
Show me what you can brew up.
cheers,
Frank

this excel file gives you an idea of what I would have done today.
I would have gone long USDJPY, GBPJPY, EURJPY, GBPCHF, etc
And I would have gone short EURUSD, EURGBP, and maybe EURAUD but I am not sure that the spread makes it worthwhile yet with that one.
I do not think the rates are Alpari rates, I just got their spreads as their program was open in front of me as i was doing this.
Cheers
Frank

Perhaps I am not understanding what you are doing, but the swap dollar amount is much less than the spread on any of these pairs. So, if you enter the trade and then close it 15 minutes later, at the very least you will pay the spread and collect the swap and end up negative. The only hope is that during those fifteen minutes price moves to Break Even for the order...

Or am I misunderstanding what you are doing and if so, could you elaborate?

Thanks

Scott,
I have just come back from rereading through some of the Safe Hedging System EA pages Mike referred me too, and I can see my error in thinking I could trade swaps profitably in that way. You are correct. Unless the trade closes the spread to nil, the swap rate is of little value more than to cover the loss on the spread. And the trade may move in my favour or not.
Thanks, and that is the reason the hedging system referred to above is a better option for what I was thinking.

At the request of the author, this thread will be closed.