Hey there, fellow traders! Have you ever dabbled in trading with positive swaps? It’s one thing to jump on the positive swap bandwagon, but keeping your trading strategy running smoothly is where the real challenge lies.
If you’re looking to maximize your profits without just waiting things out, I highly recommend trying out multi-currency arbitrage. I’ve got a decent grasp on this tactic, but don’t worry if it’s not your cup of tea—there are plenty of other strategies you can explore. To really take advantage of swapping, make sure your algorithm is set to keep those positive swap positions open. Only consider closing the positions with negative swaps.
Remember, you need to open trades in both directions for this to work effectively.
Now, let’s talk about the multi-currency arbitrage strategy. One of the great things about it is that there’s no parameter optimization required—there’s really nothing to optimize! For further details on settings, check out HERE.
Just a heads-up: running your EA on a demo account with a single pair isn’t going to cut it. First off, you can test single pair strategies in the tester, and because there’s no optimization needed, the results will closely mirror real trading. Secondly, since this is a multi-currency strategy, it’s got zero flexibility. Its counter-trend nature means it has to adapt to the movements of currency pairs, much like a boat battling stormy seas.
When grouping your expert advisors, keep these conditions in mind for successful reinvestments:
- Minimum Deposit: You’ll need at least $100,000 to form one group. With a lower deposit, you won’t have enough capital to trade effectively. Remember, to open positions benefiting from positive swaps, you need cash for margins. Free margin is essential to maintain your strategy. If you’re using cent accounts, that equates to 100,000 units, or around $1,000.
- Minimum Timeframe: Stick to М15 (15 minutes) or higher. Any shorter timeframe likely won’t hold up under the intensity of trading, which could lead to a slew of requotes.
- Positive Swaps: Your instruments must feature positive swaps; otherwise, there’s no point in using this EA. If the contract specifications don’t show them, consider switching your broker.
- Broker Limitations: Your broker shouldn’t impose too many restrictions on the number of simultaneous trades. If they do, it might be time to find a new one. Most of the trades you’ll be opening will be towards positive swaps, and you’ll need to keep them open for a while to realize those benefits.
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