RahmanSL
Major
- Messages
- 2,940
I have been trying out “Carry Trade” system for the past few months, but have not been too successful due to my extremely bad habit for messing up the trade set-up by making other type of trades which inevitably caused the trading account to get into trouble.
Yesterday, Tuesday 21/Jan/2013, for some reasons, the Turkish Lira fell and made new lows against both the Euro & USD.
Taking the opportunity, I funded USD1,178.40 (after banks charges from USD1,200 cc deposit) on a new ECN account with ICMarkets and took 10 numbers 0.05 lot size trades for the relatively high swaps value.
Today, Wednesday 22/Jan/2014, the account received total of USD12.70 positive daily swaps for the 10 nos. of 0.05 lot size trades on EUR/TRY. I further deposited another USD1,178.40 (after banks charges from USD1,200 cc deposit) into the account to increase the free margin level as buffer against any further unexpected drop in the Turkish Lira.
I have included two attachments for interested readers comments and suggestions.
The first attachment is the actual live ECN trading account for today (M30 chart showing yesterday’s highest level at around 3.06783).
The second attachment shows actual deposits made to fund the account (and also showing some trades made and closed).
The third attachment shows the expected positive swaps that can be derived if all 10 positions (opened since yesterday, 21/Jan/2014) are left running for one full year….i.e AUD4,635.50 which will be an increase of 193.15% over actual deposit (AUD2,400.00).
I have added 3 more trades today (with 6 more pending orders), but for ease of yearly swap calculations, we shall ignore these for now and confined that to the first 10 trades made. I will probably close out 3 trades as they go into some profits and keep only 10 open trades to run for 1 year. When price go back to the upper levels, I will selectively open 3 more trades or wait for pending orders to be triggered.
Alright!...Now I would highly appreciate feedback from my fellow FPA members and their valuable opinion on this type of trading potential, danger of account going into margin call or wipe out, suggestions on how to improve on the trading system, and/or any other suggestions and highlights which I have no doubt overlooked.
Thank you all very much!
==========================
I forgot to add that should price drop down sufficiently to give me 3 months worth of swaps (i.e AUD1,143.00) or more, I will close out all trades to take the profits and then place 10-15 pending orders and wait for them to be triggered within the 3 months period.
Furthermore, as account grows, I will probably increased the lot size trades from 0.05 to 0.1 or maintain more than 10-15 open trades at a time.
In this scenario, I will be fast tracking the account build up and will not have to wait for the full year to achieve the 193.5% gain.
Yesterday, Tuesday 21/Jan/2013, for some reasons, the Turkish Lira fell and made new lows against both the Euro & USD.
Taking the opportunity, I funded USD1,178.40 (after banks charges from USD1,200 cc deposit) on a new ECN account with ICMarkets and took 10 numbers 0.05 lot size trades for the relatively high swaps value.
Today, Wednesday 22/Jan/2014, the account received total of USD12.70 positive daily swaps for the 10 nos. of 0.05 lot size trades on EUR/TRY. I further deposited another USD1,178.40 (after banks charges from USD1,200 cc deposit) into the account to increase the free margin level as buffer against any further unexpected drop in the Turkish Lira.
I have included two attachments for interested readers comments and suggestions.
The first attachment is the actual live ECN trading account for today (M30 chart showing yesterday’s highest level at around 3.06783).
The second attachment shows actual deposits made to fund the account (and also showing some trades made and closed).
The third attachment shows the expected positive swaps that can be derived if all 10 positions (opened since yesterday, 21/Jan/2014) are left running for one full year….i.e AUD4,635.50 which will be an increase of 193.15% over actual deposit (AUD2,400.00).
I have added 3 more trades today (with 6 more pending orders), but for ease of yearly swap calculations, we shall ignore these for now and confined that to the first 10 trades made. I will probably close out 3 trades as they go into some profits and keep only 10 open trades to run for 1 year. When price go back to the upper levels, I will selectively open 3 more trades or wait for pending orders to be triggered.
Alright!...Now I would highly appreciate feedback from my fellow FPA members and their valuable opinion on this type of trading potential, danger of account going into margin call or wipe out, suggestions on how to improve on the trading system, and/or any other suggestions and highlights which I have no doubt overlooked.
Thank you all very much!
==========================
I forgot to add that should price drop down sufficiently to give me 3 months worth of swaps (i.e AUD1,143.00) or more, I will close out all trades to take the profits and then place 10-15 pending orders and wait for them to be triggered within the 3 months period.
Furthermore, as account grows, I will probably increased the lot size trades from 0.05 to 0.1 or maintain more than 10-15 open trades at a time.
In this scenario, I will be fast tracking the account build up and will not have to wait for the full year to achieve the 193.5% gain.
Attachments
Last edited: