Account Update

Hi Everyone,

Just a quick update.You can all follow the 7 majors by logging into Forex.com and using

account login: 90243625
Password : ur6qqih

It's presently plus $105.00 as I write. Each pair is set up with 6 max orders and 10 cents a lot.The target was just set for the remaining 3 trades of 6 max orders and they will continue to cycle.

Regards,

David

Update

Hi Everyone,

The demo account was closed for 2 reasons.As you have read on the blog and in videos I had purposely over leveraged using 10 pairs and applying 20 trades on each pair therefor having 200 trades working at any one time.There was no money management applied which I also feel strongly about and therefor profits were never taken which I have always encouraged. The second reason is directions.I have 20+ pairs on a weekly chart with my custom indicator "the floater" which gives great directional guidance.It is a tad lagging but none the less sets up the swap collector beautifully.I have attached a platform started a week ago of 4 pairs all cross pairs and heavy hitters at 6 max trades and 10 cents a pip.It profited over $300.00 this past week.I am not recommending these pairs.These 4 pairs were the first 4 to change their direction on the weekly chart.
This new platform can be followed by using:

account: 90291131
read only password: tq8dgzn
http://www.Forex.com


I firstly would recommend that you never play more than 4 pairs per platform.Stay away from heavy hitters as my 4 pair platform until you have money to burn from your other platforms you have set up.I will be updating the changes as they happen for weekly direction and if your pairs are set in those directions even with the retracements you'll be in the right direction to collect your pips.Swap will not always be a plus factor but the collection of pips will always be priority until you can invest larger dollars where swap begins to count.

As I have stated many times,go with about 6 max orders to start at 10 cents a pip.Let the first 3 trades which is 1 full day for version 2 and 3 be placed without a target.When you have your first 3 trades set on all 4 pairs, then put a target of your choice on all pairs for the remaining 3 trades.Be realistic with your targets and goals when your playing for 10 cents a pip.It is better to have 2,3 or 4 platforms with each having 4 pairs at six max orders and 10 cent pip size and have each of them collect $100 then start rather than having 1 set to $400 as your target.Smooth price action is also better than choppy action causing the EA to go through many cycles.Choppy is fine but you'll need to stay on top of it to maximise the profits when a peak of a cycle is reached until you get version 3 with the close all..
Please work with a NON USA PLATFORM.I use Forex.com and have never had any problems with the EA.In the US with the FIFO rule now the Ea will not function properly.

One other update,late but still an update is the GBP/JPY have a new floater signal to the sell side from the previous buy signal.

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

10 Pair Swap Collector 2

Hi Everyone,

On Sunday I started a 10 pair Swap Collector 2 and having some success with it.presently were at $384.53 using just .01 lots 10 cents for all 10 pairs.Forget the swap at this low price,it's only at -$1.89.This will show you the power of $10.00 as after 10 trades are placed on all 10 pairs,then I will apply the 100 pip target to the remaining 10 trades on each pair and watch the $10.00 targets start adding up.
here is the read only password for anyone wanting to follow this setup.
Login : 90243625
Investor : ur6qqih

The account is a Forex.com so you will need to open a demo then apply the login and the read only passwprd if you want to follow.I will continue to post updates on this.

David aka spiritfriends

July 10 2009 Update

Hi Everyone,

Since June 18th when we began a carry over of $11,430 and smiles are on every ones faces as profits on the 4 pair Swap Collector are close to $8,000 since June 18th.Now that's a great month and there is still another week to make it a month.Many have asked when to take profits and my reply to all is to decide that for yourself.What are you happy with?A profit of $8,000 is good anytime of the month!
If you decide to close,after the money is banked,you can begin the whole process over again.Now the new NFA rule of FIFO would effect the Ea if you have a US broker but the way around that is to go to your brokers foreign office.I am also considering getting the Ea coded in other languages so it can run on Ninja or Trade Station etc but again a US broker would cause a problem for this Ea unless I implement a penny difference on every trade.I would certainly consider having that done if the requests multiply for that service.

I have done a You Tube video on the update and it can be seen here:
http://tinyurl.com/lmfaa3 .

Your questions can be directed to spiritfriendss@gmail.com

David aka spiritfriends

Welcome to Forex Swap Collector

Hi Everyone,

I've been trading for over 25 years.I got involved with forex about 5 years ago and quickly saw the potential using automated robots to trade for you instead of staying glued to the screen.I've developed with my good friend and excellent programmer FerruFx, a number of EA's which I found the ideas interesting.
I hope to share some of my knowledge about trading with many beginners and seasoned traders alike.This is still in the set up stages but should start rolling along shortly.

David