Long Over Due Update for Nov. 29th 2009

Hi Everyone,

I hope the forex Gods have been treating you well.This latest cycle took a lot longer than anticipated but non the less it has almost cycled.Were still in reasonable profits but not "WOW" profits.Here is an updated You Tube video here:

http://tinyurl.com/ydjsuje

you may have to copy and paste the link.

There will be a follow up of direction with all the pairs.

David Lockwood
spiritfriends

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

New Video...Update for Sept 17th

Hi Everyone,

I just completed a new video on You Tube and you can link to it from here :
http://tinyurl.com/l6w992 . There are 2 directional changes to update.Both the EUR/CHF and GBP/CHF have changed from a buy to a sell
.There are more changes and updates to come so come back often.

David aka spiritfriends

$2100.49 profit since July 12th

Hi Everyone,

I just finished another video update http://tinyurl.com/mt6wft on 2 set ups using a Forex.com platform.Lot size only 1 cent for the 10 pair and 5 cent for the 2 pair.This set and forget EA between the 2 set ups has collected $2100.49 since July 12th 2009!
My purpose in sharing these set ups is to show how little lot sizes can still produce sizable returns.You can use any pairs with this EA but remember that volatile pairs could go into a sizable draw down as well as sizable profits.
As always play within your means and do not over leverage.



David

Time for an Update

Hi Everyone,

Thanks for coming back to my blog for this update.My last post,we started over after the account closing and carried over $11,430 to start a new account on June 18th.Below is the screenshot at the close June 26th.We started the 100 pip target yesterday also after getting the exact number of trades we need on the 4 pairs to carry the swap.
Were at a profit of $2658.18 with $237.20 collected in swap(interest). All this accomplished in 8 trading days.Two choices here.Continue,and leave everything alone or close and collect your 8 day paycheck of $2658.18!!!

JUST ADDED: http://tinyurl.com/nq63l7

A FOREX SWAP COLLECTOR UPDATED VIDEO FOR YOUR VIEWING PLEASURE

David aka spiritfriends

A Forced New Cycle

Hi Everyone,





Some how a demo account which shouldn't go down did so now I will have to pick up where we left off and continue.We had a swap of $804 in 18 trading days(Sunday included) and a net profit of $2624.00 from 100 pip targets being reached for a total of $3438.00.We were well on our way to a $5000 month with the remaining days left in the month of June.Here is the screenshot of the statement before it closed.
If you have any questions please direct them to
spiritfriendss@gmail.com .

UPDATE FOR VERSION 2 OF SWAP COLLECTOR

Hi Everyone,

The Forex swap Collector has been doing well and I have an update for everyone.You can view another You Tube video with the update here: http://tinyurl.com/l3wask .If anyone has questions please send them to spiritfriendss@gmail.com .

David aka spiritfriends

A Good Question

Hi Everyone,

Here is a question I received tonight that needs to be shared.

Hi David, Found the video on the Swap Collector very interesting. To make a positive swap on the EURUSD, you have to place buy positions. To do this while the pair is in a downtrend would be fairly costly. What would the results be if you ran the back test for the periods 01OCT08 to 31OCT08 or 01JAN09 to 31JAN09. Would you expect to leave the positions run until a positive result is made in following months. This may or may not occur?

and my answer

Good question.I would first like to say that there are many ways to play the Swap Collector.I like to use Murray Math Lines on the H4 and daily charts to get direction.I only mentioned eur/usd and usd/chf because they are opposites and most time what one has in losses the other has in gains...except when it comes to swap.There are 30 plus pairs to choose from with many combinations that would have paid positive swap during those dates you mentioned as EUR was dropping like a rock.Mind you,the sell on the eur/usd would have made up more for the loss of swap as the buy on usd/chf would have added to the bottom line.
I don't want anyone limited by what I use or say as there are many combinations.The swap collector isn't a method carved like other Ea's where 4-5 custom indicators all have to line up for a trade.Being time based it is the tool to take advantage of a number of pairs that are on the move while others are dormant. If you just always remember to take direction from a higher time frame and apply the direction to a pair that pays positive swap then the lot size can be configured to balance the available equity and free margin.The unfortunate truth about strategy tester is that the standard version doesn't compute daily swap payments so by hand it would take forever.I did however run both the eur/usd and usd/chf for the month of October 2008.Lot size was 10 cents and target 100 pips.The usd/chf closed for the month with +$139.34.The eur/usd -$1239.17 and I couldn't figure what the swap was.Interesting though in holding the trades for the next month of November,eur/usd for 2 months only changed to -$1314.63 but the usd/chf changed to +976.68 thus leaving a $300+ minus balance carrying into December.Again no swap figured in. If I can help or suggest other ways to benifit in using the swap collector,please email me with your questions.

The bottom line here is to remember that the Swap Collector can be used many ways to make profit.Please don't hesitate to email me with your questions.

More Screenshots and Reports

Hi Everyone,

I'm not sure if the video image could be enlarged so if anyone would take a minute to share that with me I would appreciate it.I will post this video on YouTube and Metacafe and maybe Yahoo.
Here are some things that will help you to see how this Swap Collector performs besides whats on the video.Be sure to check out the swap collected in 17 days with the 4 pairs I use.I will share that when a purchase is made.I know many of you have your own favourites to use but for those not familiar with trading this way,your purchase will include this selection that I use.
I do have a 100 pip target and you will see on 1 screenshot the targets being hit.I do not use a stop because I want the swap.Please forward any questions to spiritfriendss@gmail.com

David aka spiritfriends

The Forex Swap Collector Video

Hi Everyone,

I've made a video explaining what The Forex Swap Collector is all about.I hope you enjoy it.If you have questions please send to spiritfriendss@gmail.com .

David aka spiritfriends