how to convert swap type? | Forex Factory

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how to convert swap type?

  • #1
  • First Post: Dec 16, 2008 1:18am Dec 16, 2008 1:18am
I get the swap type by calling MarketInfor(Symbol(), MODE_SWAPTYPE), find its type of most brokers is "points". But if I want to know exactly the value calculated in USD, how to convert the swaptype form "points" into "in the margin currency"?

Anyone knows how to calculate it? Thanks.
  • #2
  • Dec 16, 2008 1:45am Dec 16, 2008 1:45am
I asked the same question in another thread...
Keep it simple stoopid....
  • #3
  • Dec 16, 2008 3:11am Dec 16, 2008 3:11am
I read the reference of MQL about the function MarketInfo, I think I have got the solution. The long swap per lot may be calculated as:
SwapLong = MarketInfor(Symbol(), MODE_SWAPLONG) * MarketInfor(Symbol(), MODE_TICKVALUE);

I will verify it on my demo account.

Quoting Kurka Fund
I asked the same question in another thread...
  • #4
  • Dec 16, 2008 3:18pm Dec 16, 2008 3:18pm
i told Kurka here:

http://www.forexfactory.com/showthread.php?t=137322
  • #5
  • Dec 18, 2008 5:01pm Dec 18, 2008 5:01pm
I got it in Metatrader

for long positions

MarketInfo(OrderSymbol(),MODE_SWAPLONG)*MarketInfo(OrderSymbol(),MODE_TICKVALUE)*OrderLots()


for short positions

MarketInfo(OrderSymbol(),MODE_SWAPSHORT)*MarketInfo(OrderSymbol(),MODE_TICKVALUE)*OrderLots()

But even this is not 100% correct it seem like there are some rounding errors or something that always goes in the brokers favor....
Keep it simple stoopid....
  • #6
  • Dec 18, 2008 5:32pm Dec 18, 2008 5:32pm
Quoting Kurka Fund
I got it in Metatrader

for long positions

MarketInfo(OrderSymbol(),MODE_SWAPLONG)*MarketInfo(OrderSymbol(),MODE_TICKVALUE)*OrderLots()


for short positions

MarketInfo(OrderSymbol(),MODE_SWAPSHORT)*MarketInfo(OrderSymbol(),MODE_TICKVALUE)*OrderLots()

But even this is not 100% correct it seem like there are some rounding errors or something that always goes in the brokers favor....

its because broker's always take a portion of the swap. just like pip spread. like for example, if swap on a long position was 26.00 dollars in reality, they would maybe get like 2 bucks making swap for you somewhere around 24.00 or so. it's just how it's done.
  • #7
  • Last Post: Dec 18, 2008 9:46pm Dec 18, 2008 9:46pm
Quoting blacksun1
its because broker's always take a portion of the swap. just like pip spread. like for example, if swap on a long position was 26.00 dollars in reality, they would maybe get like 2 bucks making swap for you somewhere around 24.00 or so. it's just how it's done.

I fully understand that there is a spread in the swap rates. But this is reflected in the MODE_SWAPSHORT and MODE_SWAP_LONG. what I dont understand is why the formula I posted above does not equal the swap that is actually paid/received on my open positions...
Keep it simple stoopid....
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