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Swap Trading System

  • #61
  • Feb 1, 2007 3:28pm Feb 1, 2007 3:28pm
You could always use oanda for the -ive interest side. They calculate interest by the second the position is opened, so you could long the interest at a broker that has a rollover and short it at oanda leading into the roll. Then close it all right after. Of course the only day it would make sense is on wednesdays because of the spreads, but even then it should be good for 20-30% a year...
  • #62
  • Feb 2, 2007 1:39am Feb 2, 2007 1:39am
Hi there,

I propose another cost effective solution described here. At risk of duplicating posts etc, I’d rather just post the link to the other thread.

Forex Factory Thread
http://www.forexfactory.com/showthread.php?t=14395

Spesific Post
http://www.forexfactory.com/showpost...9&postcount=26

Best wishes,

Mecer
  • #63
  • Feb 15, 2007 5:35pm Feb 15, 2007 5:35pm

I read only the first page, so I might be missing something.

a modification to your strategy could be this.
you open a "buy" position with 1% of your money. If price goes down for a certain level, you open another "buy" position with 2% of your money. You can go for, for example, four open positions each with doubled lot size (3rd is 4%, 4th is 8%). Once price goes up, your profit will be doubled. Let say the price comes back to between the 2nd and 3rd positions, then you can close all your positions and still making a lot of profit (even that your 1st and 2nd positions lose money).

The assumption here is the more the price goes down, the higher the probability it will go up again.
BUT it is still RISKY because you'll never know when the price will go in your favor before you lose all your money.

The famous EA for this strategy is attached.




Attached File(s)
File Type: mq4 Multi_Lot_Scalper.mq4   12 KB | 851 downloads
  • #64
  • Apr 11, 2007 7:05am Apr 11, 2007 7:05am
adding the loss pool to cover it all, the Martin gale technique,
should i add few technique?
in gbp jpy
open two part of buy and one part of sell, that way you hedge half of the position,
when it moves down , wait till it reach what you think as a bottom, release the hedge, that way you get the "profit".
when it moves up, eventually the 2xbuy will cover the loss of 1xsell position, and you can close em all in some point without leaving a negative swap position open.
it works well on a bull market. some said yen will up till 112us$ in end of year 2007, and us will has recession cause the war politic , housing and oil. so don't use it for that long.
  • #65
  • Apr 13, 2007 1:44pm Apr 13, 2007 1:44pm
A recent movement on the GBP/JPY is about 1600 PIPS in a 1 week period. Will your strategy handle that kind of a drawdown?
  • #66
  • Apr 13, 2007 3:13pm Apr 13, 2007 3:13pm
Quoting neo1001
A recent movement on the GBP/JPY is about 1600 PIPS in a 1 week period. Will your strategy handle that kind of a drawdown?
It depends only on how much bigger is starting account, with 10000$ using 0.1 lot you can handle it , with 1000$ you cannot
  • #67
  • Apr 13, 2007 11:17pm Apr 13, 2007 11:17pm
Quoting skyline
It depends only on how much bigger is starting account, with 10000$ using 0.1 lot you can handle it , with 1000$ you cannot

If I have 10K account I am going to trade $1000 Lot. So I guess I would blow up my account.
  • #68
  • May 24, 2007 11:18pm May 24, 2007 11:18pm
Quoting neo1001
A recent movement on the GBP/JPY is about 1600 PIPS in a 1 week period. Will your strategy handle that kind of a drawdown?
a

as is shown today, all that 1600 has basically been recovered, you would have made that all back. I thought the original thread said instead of making your trade every 100 pips, you would do it once a day. In those extreme quick moves that would mean you would be making your trade every 200-400 pips. instead of 100. I have increased a live account by 20 % in 3.5 months now doing it that way. Now granted the longest drawdown I had was about a 9 day time period, which is not much, with my average position at the worst ranged between -60 to -100 pips. with a 1% trade, it doesnt hurt much for it to go -100. THis is also an account I can sit on a position for 2 years if I want, or could hurry and dump double the money if needed. (not a huge balance)
  • #69
  • Jun 9, 2007 8:36am Jun 9, 2007 8:36am
Whatever happened to the original method posted on this thread? It seemed to have good merit, even OrangeRoshan said it , so it seems the thread was hijacked. Is anyone trying the original post method?
  • #70
  • Jun 9, 2007 8:53am Jun 9, 2007 8:53am
Quoting mikejody
Whatever happened to the original method posted on this thread? It seemed to have good merit, even OrangeRoshan said it , so it seems the thread was hijacked. Is anyone trying the original post method?
It sounds like a great system to me.

The brokers are the real pros.

Why not email each of them and ask what they think of it?

I'll predict 100% of them will love it and encourage it.
  • #71
  • Jun 9, 2007 9:00am Jun 9, 2007 9:00am
Quoting billbss
It sounds like a great system to me.

The brokers are the real pros.

Why not email each of them and ask what they think of it?

I'll predict 100% of them will love it and encourage it.
I'm sorry, you want me to email brokers and ask them how good a trading system is? Um, isn't that like asking an attorney if I should file a law suit against McDonalds for their coffee being too hot?

What does a broker saying to me, "sure, it looks good" have to do with making money with the original thread?
  • #72
  • Jun 11, 2007 12:38pm Jun 11, 2007 12:38pm
Quoting skyline
It depends only on how much bigger is starting account, with 10000$ using 0.1 lot you can handle it , with 1000$ you cannot
I got into this hedge in April of last year at around 205 and the CHF/JPY was trading around 96. I prepared for a 1000 pip swing which would bring the GBP/JPY back to its historic low. I thought it's worth the gamble. Also, I checked the long term historical charts and noted that GBP/JPY's first objective should be in the 246 area. By the time it was at 241, I was gaining HUGE. But alas! during the Feb big dip when the whole world started to unwind this hedge (when Yen int rate went up), I lost my nerve and cashed out (Dumb, huh?). Anyway, I accumulated massive swaps and a fairly large capital gain, but nowhere near the peak. If only I had kept my cool, I could have recovered the huge gain when prices went back to the 241 area. Now I am waiting to get back in by watching the monthly Bollinger band.
  • #73
  • Aug 16, 2007 11:11pm Aug 16, 2007 11:11pm
Quoting smjones
Here is the opening script I just wrote. Just input your number of lots for each one and press ok

This a a rapid fire script tha stockwet wrote for me and then I have modified it.

In regards to North Finance, sounds like you need a different broker if you are going to test the method. It all works fine for me.
Handy and useful EA! If you may, would like to know how your results been since, particularly during/after the recent high volatility period. Have you tried other combinations as well?
  • #74
  • Oct 13, 2020 3:59am Oct 13, 2020 3:59am
what if you use 2 brokers parallel. you go short on one (with the best swap), long at the same pair with another broker. (swap free broker maybe?).
after rollover you take the winner to refill the loser, and you get the swap. ;-)
enhance swap by increasing the lot size... and pay attention for refilling and margin calls.
what do you think about this ?
  • #75
  • Oct 14, 2020 5:53pm Oct 14, 2020 5:53pm
There is no such thing as a swap free broker. They all charge and give it a different name so muslims can trade.
  • #76
  • Oct 16, 2020 12:51am Oct 16, 2020 12:51am
Where can I find all swap fees of all brokers, and not just demo fees, I'd like to see the real swap fees. thanks
  • #77
  • Oct 16, 2020 8:16am Oct 16, 2020 8:16am
https://www.forexchurch.com/forex-broker-swap-rates
https://www.myfxbook.com/forex-broker-swaps

first 2 hits in google...

Limited amount of brokers and some of them you really do not want to trust with your money. Do decent research first and avoid unregulated ones. Virgin Island and other 'regulation' is unregulated also imho
  • #78
  • Last Post: Jan 18, 2021 9:25am Jan 18, 2021 9:25am
I think that scalping by spread is difficult to implement
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