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Don't worry about my trading, I know what I do. Lol, you don't seem to get it ... Maybe you don't get the fact the EURO is PEGGED to LTL. The exchange rate is *FIXED* at 3,4528. And selling EUR/USD *AND* USD/LTL = selling EUR/LTL. You don't have the risk of the exchange rate that you will have on EUR/TRY for example (Yes, I miss the HUGE swap on TRY too ...) or if you trade USD/LTL alone like you are suggesting. So you can use high leverage, because one of your trade (EUR/USD *or* USD/LTL) will loose money. You don't know which one, but you don't care, as you know that the other one will win as much. You just have to cover the margin (low with Exness' 1:1000) and the llittle movements beetween the 2 pairs, which are limited to a few 10s of pips maximum usually.
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Check my account statement, Each EUR/USD loosing trade is loosing approx as much as the equivalent (you can see by the opened time) USD/LTL trade and the opposite for winning EUR/USD trade. So, my account equity was staying beetween 2800 MBB and 3000 MBB, and was stable, and growing with swap.
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If you don't understand all this, you don't understand correctly the situation. I could wait 1 month or 2, would not have been a huge problem. And as long as the PEG doesn't break (it hasn't until now and is not *supposed* to), I was pretty sure to get at least 2800 MBB from my account.
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3000 MBB = approx 4100 EUROS = approx *5300 USD*. My account was not just 3000 USD.... And you must take in consideration the floating profit. What is used to calculate margin is the equity, not the balance.
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And just have in mind that my account was showing around 3000 MBB when EUR/LTL was around 3,4528. If I could close when it was lower (what my EA was monitoring and doing), you just had to add a few pips more on 9 lots (that's some money ! around $72 per pip)
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But again, the 3000 MBB were quite sure, you could close all trade at almost any time, you would get at least 2800 MBB (exept if you choose a bad moment when EUR/LTL is going up or at market closing when spread really widen a lot, and you have a double spread because you have 2 pairs. That's what Exness was trying to do at beginning).
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Do you now understand ? It's quite important, because at the very end (not yet posted), Exness closed only the USD/LTL pairs on a big movement, and then, you are dependent on the movements of the EUR/USD, which I was NOT as long as the trade were hedged. Keep in mind we are talking of $72 PER PIP ! And in this situation, I agree that it's very dangerous with as many lots with such an account. That's why I answered to you that closing the EUR/USD part, like you suggested in one of your previous post would get me rich or margin called quickly ! $72 per pip with a $5300 account = around 50 pips (that's not much) to be margin called with a margin call (stop out) at 30%. That's the situation Exness put me in at the very end ! And I had already a smaller account due to their first scam of closing the wrong trades at the wrong prices ....
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I hope it's now more clear for you.
I hope you got your money or its on the way to you, pray for no traffic
Get your money out of there, when the opportunity is available(NOW).
I insist on you be aware of your trading, just going after the swaps.
I know all what you're doing but that's not real trading rather more swap trading, that's dangerous when you create from it an always trading style.
You must also know that correlation does not always work.
You can for sure hold not just Usdltl and Eurousd hedging but also any others pairs hedged like Usdchf & Eurousd(short/long).
The question is till when you can do that before correlation break or outside sudden factors change the equilibrium.
In General, don't like hedging and never traded it.
The right way to trade the swaps(high currencies returns) through technical analysis like for example when you see GbpZar or EuroMxn going down for some days you short it to get advantage not just of the positive high swaps but also for the trade movement itself.
Might understand you or anyone saying to Long Eurochf with high leverage and lots(must take care of MM too, not madly
) near to the Snb peg or even at current market price because one pair known its direction and how many pips(to the peg) you can gamble with.
Same for Usd/Jpy Longs of some 76 or 77 level or Aud/Jpy or or or
But lets say EuroUsd swap was a high positive one like of EuroZar or such exotics, and you hedge it by shorting UsdChf, who told you that both pairs are always correlated negatively.
What will you do when they sometimes become correlated positively for some days lets say not more than that!!
Like I said before, all that hedging trading, I do not like.
If you find yourself on the wrong market flow, take the loss and join the flow direction instead of holding a position or hedging it(other than your case, I mean in general)
It's right that if you want to trade one of both pairs you do alone, you'll need high leverage but also account size and lots you open reasonably are the main points to watch.
Your account leverage with Exness of 1:100 is not appropriate for exotics especially when opening high lots like you're doing, you need 1:500 leverage for that.
At end, if your strategy is winning in a High percentage, don't change it but be aware of the consequences!! and start minimizing your risk by lowering lot size.
Scam Brokers and others can't be given the nice guy or good face, they'll ride on you again and again and again with continuous excuses and run away from taking the responsibility of its faults or its LP Faults.
Just like what had happen with you 'Mevo', Exness gave you many stupid excuses and would have continued till ever like that and at end to tell you "you have no money or an account with Exness".
But when you came here to FPA provided many evidences and challenged them with lot of pressure, you turned from the weak link to the strong link and Exness turned to be the CAT, not necessary you're the ...
This case proves again my previous words in other threads that brokers do not understand other than power, force and pressure.
Bye Bye Diplomatic Nice People
And, if the broker is located in your country, the FIST its only solution