Due to leverage, you actually borrow money to trade in FX, i.e. you need to pay interest if you hold it overnight, the interest is called swap. E.g. if you buy EURUSD, you actually borrow USD to buy EUR, to put in the simplest form, swap rate=EUR ...

Why do they charge triple swap rate on Wednesday?

So I believe the swap only applies to the pair that has holiday on Monday? those exotic pair imposes too much spread that short term carry trade is not profitable. On the other hand, major pairs normally have negative swap for both buy and sell ...

Why do they charge triple swap rate on Wednesday?

thanks for clarifying

Why do they charge triple swap rate on Wednesday?

Thanks for info

Which broker provides an MT4 demo account for GBPZAR?

Hi futurespec & BBPI_fxtrader, thanks for your insights.. but I prefer it not to hit trailing stop prematurely before hitting TP. I hope to see how probability plays out on this..

This simple EA should be profitable - help coding it

Thanks a lot for your effort Can you code this simple EA for me? My EA description: 1) It works on any currency pair, especially EURUSD, EURJPY, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF. 2) Time frame is not important. 3) It opens a trade on random ...

I will code your EAs and Indicators for no charge

Thanks Erebus!!

MT4 navigational tips and techniques

Hi, I was referred by a friend in another thread. Thanks a lot for your effort Can you code this simple EA for me? You are welcome to freely use it too hehe.. Logic for this EA: it could win in trending markets as well as side ways; given big ...

Will code profitable EA's for free

Great insight, funwithbux! Thanks

Trading Made Simple

ya, Oyapoke, guessed I didn't follow that portion of the rule... How ironic... I didn't follow my own rule, hehe thanks for pointing out

Trading Made Simple

Dany is it 200 SMA greenline that you use? it serves as very good S/R for this pair...

Trading Made Simple

Thanks, Michael

Trading Made Simple

Enzo, I presumed you referred to my rules... thousand apologies for the missed 100 pips actually I was thinking whether to use a set TP's (100 pips for GU) and SL's (25 trailing pips for GU) or [check reversal, flat, etc..] in this case your ...

Trading Made Simple

the guru is here!!

Trading Made Simple

err Oyapoke, frankly when I entered the trades at 2nd candles, both were quite flat almost overlapping on 5EMA line (both were red)... but all other setup's were true to the rules... I'm not sure whether need to wait for 2nd candles to close.. they ...

Trading Made Simple

2 more trades — 2 losing trades: sold EURUSD at 1.3751 -56 pips sold EURJPY at 105.41 -56 pips both red candles surged strongly to become blue candles..

Trading Made Simple

Hi Oyapoke, yes, the vertical lines are my entry candle (normally during beginning of its formation); green = winning trade, red = losing trade

Trading Made Simple