EUR/TRY and USD/TRY: Positive swap pairs

now the et and the ut are going south, so, if you have real account, and your broker is honest and you have 1500 usd at least, open one 0.01 sell trade if the sell swap is positive.
and wait 20,000 points, the price will reach there in few months, then you will get daily profit

Thanks for your detailed explanations.

Yes I have lIVE account with ICMARKETS., but I have$1000 in my account.

I am at work now, it is almost 1.00pm EST. I will be at home after 4 hrs, In Sha ALLAH.

What do you mean by 20,000 points?? You mean Pips???

And you said the price would reach there in few months?? Then I would get daily profits???

Plz explain

et and ut are huge in points value, so, they calculated in points on mt4 ... do not use pips on mt4 for any pair,,, i mean it, try always to say points.

20,000 points = 2,000 pips if it is major pair.

yes, the et and st have both strong resistance to go south , that is meaning the t is weak.

so, on each day , your broker , if he is having +ve swap for these 2 pairs then he must give you profit

i assume to rerach these 20,000 points for et will take 5 months

assume you will use only 1000 usd

so, if the sell swap is +ve for et in your broker account, make now 0.03 lot trade in sell and forget it.

on each night at 1 am as per my broker for example, he will add to my account 285% of my deal

so, 0.03lot x 285%x 10 to convert lot to usd = 0.885 usd daily

the margin is removed 12 usd

spread assume it 0.03*300 = 9 usd

then 1000-12-9 = 979 usd safety

then 979/0.03 = 32333 points safety

now et at the top of the top, so it will not go up to reach this limit

so 5 months x 0.885 x 30 days/month + 0.03 profit of the 20000points

So 20,000 points== 2000 pipsX.03=$60.00, after one month, I could get this amount, am I right.

And with that balance of $1000, can I trade another trade on top of this er/us vs try??

my dear

in the cal of profit you use points not pips

the equation is :

Lots x points = profit in usd...................if your account in usd

if the pair points to its lots ratio is 1:1 then we use the above formula, but most brokers do not show you the ration 1:1, so you need to measure it with some math you convert it

for example

nzd/usd the ratio is 1:1

meaning if you open the chart and check any tp for any trade, you will find the above equation correct

for example

0.01 lot nu x 500 points = 5 usd assuming your account is in usd

but for et and st, the equation is still val;id as points but not pips, but you must know and measure the ratio on real mt4 account of your broker

ok

my broker

0.01 lot et x 20000 points = 54 usd so the ratio here is not 1:1

So for yor example

0.03/0.01 x 54 = 162 usd and it is not 60 usd

Brother Samer! Do I have to ONLY go for SELL with these

Two pair, EUR/TRY, USD/TRY. Plz advise. thanks & take care.

I bought EUR/TRY few days ago, still in loss & negative swap.

hi

i wrote many times my friend SELL

SELL


SELL


I DID NOT SAY BUY AT ALL

PLEASE READ AGAIN THE IRST POST

BUY WILL MAKE YOU LOSE

ONLY SELL IF THE SWAP IS POSITIVE FROM YOUR BROKER

If does not matter if the market is going North???? still SELL???
Or I should wait until it comes back to South??

with reference to your post 16, you Highlighted four transections.
any particular reasons for that??

aslam o alokum guys
i read this thread seems like very interesting you guys mind if i join the thread ?

eurtry long position

usdtry

Hi Guys.

I see that there is not much activity on this thread despite it is extremely interesting. I am also exposed LONG to TRY (SHORT to EUR, JPY, USD), after last moves probably too much.
This currency seems to be very weak. Even on weekly charts EURTRY seems to be so weak that it not likely goes below MA(35).

Problem with this currency is that even if swap on it is positive, if You expose too much/too early, then changes of value will eat much more than actually is earned with the swap.

Personally I did not believe that this currency is so weak and I was assuming that 4.40 for EUR is max, but now it is 4.51 and BB (35,3) is not that wide that it would suggest TRY oversold. Probably I will close most of position with loss and change a little bit approach to those pairs.

Hello guys ! So now, almost 8 months have passed and EUR/TRY is at 5.44 and looking at daily/weekly charts, it just keep on going UP since years... Very few bearish candles. So, since this strategy is only working for a SELL order, seeing that the market is going BULLISH, it can be huuuge losses, even though the swap will end up being positive.

How is going this strategy for all of you with TRY?

I do think this strategy could be a win on bigger pair, like :

USD/JPY ==> Buy
EUR/USD ==> Sell