NEW...Updates on directions to take with each pair!

Hi Everyone,

I want everyone to take a look at what I will be doing for Swap Collector.Most everyone has voiced concerns about pairs and direction to take.First off,unless we can trade pairs like eur/try etc we will not make much of anything for swap.The Swap Collector was named in 2007 when the swap situation was different.You always had a positive swap and negative swap depending on direction.Then came the 2008 meltdown.Brokers changed their swaps leaving us with a negative swap and changing the positive swap to a lesser negative swap also,like the lesser of 2 evils.So we'll now focus on the positive aspect of this time based EA.

In the screenshot is a weekly chart.You'll see a blue arrow which represents a buy direction and an orange arrow representing a sell direction.I also have my version of the Murray Math lines which I have used for a long time for direction.Notice the buy-sell-buy-sell arrows on the chart for the usd/cad.The signals are pretty accurate for suggesting direction.Presently for usd/cad we are in a sell mode since March 29th 2009.In our EA, if we were playing usd/cad we would set the direction for sell and follow the rest of the rules of the first half of the trades being placed with no target then the second half of the max orders, having a target to suit your comfort zone.It could be 50 pips 100 pips, more or less, but until we get a blue arrow we stick with sell direction.

Upon getting a blue or buy signal we close all our trades and begin the cycle over now setting a buy direction.When we get an orange arrow for sell direction then we close all trades again and begin the cycle in a sell direction.As you can see there are some bounces and as long as you aren't over leveraged with too many max orders and excessive pip size then there will be no problem in waiting for the retracement to end and continue in the direction of the arrow.

If you compute from arrow to arrow for pip totals you will see that pip totals are huge in the directions of the arrows.I have also just about finished with testing version 3 which includes a close all for you to use when the direction changes and all trades are closed before you reverse direction.

Once I have completed the directions of all pairs that Forex.com uses,I will post them.I will update as they change.For anyone wanting to be notified by email of the changes of directions for the pairs,you can do that by sending me your name and the email you would like the updates sent to at spiritfriendss@gmail.com and put "I would like updates" in the subject line.You do not have to had purchased the Ea to get these updates as many are watching and following the blog.

If your following the 10 pair with the read only password I posted you will see that we are in draw down.Please don't let this sway you.Consider that 10 pairs is way to many pairs for anyone to trade but does indicate the fluctuations of the EA.The account started with 10k and sits with a balance of 14K and draw down around 4K so were at about break even...for over leveraged positions.

David aka spiritfriends

Vacation Time

Hi Everyone,

Just a quick note to say that I am on 2 weeks vacation at the cottage but will still reply from there or send EA's if purchased.Both the 2 and 10 pairs are in draw down presently because they both have gbp/jpy and other yen pairs but if you have them at 10 cents a pip nothing to fear.Whatever Ea you find and play...if you plan on using gbp/jpy you need to have deep pockets.
I will be doing some updates from the cottage on rainy days.Everyone enjoy the next 2 weeks of summer before the kids are back in school.

David aka spiritfriends

Changes Coming

Hi Everyone,

I hope everyone is making profit with their Swap Collectors.There are a few changes on the board right now.The first is a new video for set up and logic.The video posted at Files anywhere is corrupt and only plays audio so that will be replaced.
My programmer,FerruFx has completed version 3 for me and I am testing it right now.The big change is a close all has been added to the EA.You just set the dollar amount you want close your cycle at and presto...when it reaches that amount everything closes very quickly.If anyone is in need of a programmer I can vouch for Ferru as he has been doing my EA's for years now.Contact me and I'll pass on his email.
That's about it for now.Look for the video and I'll also be posting favourable pairs to run Swap Collector with.

Regards to all,

David aka spiritfriends

Wow What a Day !

Hi Everyone,

Here is a perfect example of "set and forget". Last night (Thursday) I checked my 2 and 10 pair charts and the 2 pair was in draw down -$1500(playing a dollar a pip) and the 10 pair about -$500.00.When I woke and checked there wasn't much of a difference so off to work I go.I get home late,eat,shower put my son down for bed and finally sit down at the computer.I check the 10 pair first and do a double take that I'm plus $2057.89.If I was at home I would have closed just before the market close so now I'll do that on Sunday.
I go to my 2 pair of gbp/jpy and eur/usd and $3846.93 is looking back at me! Again if I'm home I close and start over just before the close but will do that on Sunday.So since July 19th when I started this 2 pair set up I closed the first 2 times and brought the account to $6168.35 and with this float to close at $3846.93 the equity is $10,015.28 from a $3000 start and in only 18 trading days.
With the 10 pair now at $13,937.49 in equity and that started July 12th the 2 platforms total a profit of $10,952.77 ! Now if I was home watching the fireworks of NFP I would have been tempted to close early but I was at work.There of course are lots of scenarios but the one that unfolded was the set and forget and they did great for another week.
I hope everyone that is trading Swap Collector had a good day also and I would like to hear your stories and share them on the blog.

David aka spiritfriends

Sideways for 8

Hi Everyone...This is a screenshot of my 2 pair Swap Collector version 2 that has more than doubled the account in 3 weeks.Take note that each pair has layed 8 trades each in the sideways motion and still there is profit showing.
I will keep you posted on the next move.

David aka spiritfriends

Corrections on pip values with Forex.com

Hi Everyone,

I must apologize for an error in my reporting of pip values with Forex.com.In 5 digit usage I should only use 4 digits which instead of pip value being 1 cent .01 it is 10 cents.So having a pip target of 100 in the Ea actually becomes a 10 pip target at 10 cents and thus the $1.00 reached targets in my videos.So for everyone trading with Forex.com,you must apply 1000 pip target to collect 100 pips.
So what does all this mean.The good news is that all demo and live accounts with Forex.com operate through the UK so no problem with my EA with the FIFO rule the NFA applied.The lowest lot size per pip is .01 or 10 cents.The really good news is even though we were under the impression that we were trading at 1 cent,we actually were at 10 cents and we haven't seen much of any draw downs since May 28th with the 4 pair Swap Collector and all profits are still real and valid.
So thank you to the traders that have helped to make this correction and I'm happy that the emails coming in report good pip profits to date.

David aka spiritfriends

New You Tube Video Update

Hi Everyone,

The Swap Collector continues to churn out the profits.I've doubled my 2 pair account started July 19th from $3000 to over $6100 and my 10 pair I just cashed in for $1800+.This truly set and forget EA has made these profits with pennies.

To view the video click here: http://tinyurl.com/noo7m9

David aka spiritfriends