Video Blog Roll Removed

Hi Everyone,

It was brought to my attention that since I installed the You Tube video roll that navigation of the site had frozen.I have removed iot but you can still view the updates on video on you tube.Any new video with be linked in a posting on the site.

David aka spiritfriends

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

Never Blindly Follow Someone's Methods

Morning Everyone,

There are some good emails coming in regarding the experiences of traders and how this has effected their trading now in being cautious.The main one is believing that someone else has the solution for your success.It's so important for you to be in control of your destiny and not having someone else make your decisions for you.The Swap Collector is just that.It can be used so many ways.You don't have to follow the way I use it or the pairs or methods I practice.Be your own master.If you purchase a copy of Swap Collector,start with 10 cents a lot and experiment.You won't get hurt at 10 cents.You also don't need to set trades at 40 trades or 60.Start small to see the workings of the EA and your selections.Use the back tester to show you quickly the results of your decisions.

Here is another email I received and the answer.

David,
A few years back, I was in a managed fund that targeted the swap on the GBPJPY which has good swap rates. The fund did really well while the pair was trending up but all the gains were given back (and more) when the GBPJPY fell off the mountain. This highlighted how dangerous it is to target swap returns alone. One still has to get the direction right to succeed. Does the use of three or four currencies offset the risks in this type of strategy? By your comments below, one has to do a bit of analysis to decide which currencies and the direction. I have not heard of the Murrey Math Lines before. You offer on the blog to include the four currencies that you use. Will this include tips on how to implement the EA and the use of the Murrey Math Lines.

My answer was

I have no problem before you purchase the Swap Collector to send you a couple of versions of the Murray Math Lines and the pdf's so you can experiment with them.I also teach some of my methods of trading to students all over the world.My average trader has 5 years experience or have come from stock trading to forex trading.
One of the first things I discuss with my classes is to have a plan.You should never blindly follow any system until it falls off the earth.Ask yourself what amount of money a month would you realistically believe you could make then divide that by 20 days which are the number of trading days in a month.If it's $5000 a month,you need to make $250.00 a day.That can be accomplished by collecting 250 pips at $1.00 a pip or 25 pips at $10.00 on 1 standard lot.I'm for always taking profits whether I make them in 2 days or 20 days.The hardest part of trading is the discipline to stick with your plan.I hear all the time "I could have gotten a lot more" and I reply "you also could have lost a lot more".
Try out the Murray Math Lines and I trade them from 1/8 line to 7/8 line for the reverse etc.They will often move past the 1/8 and 7/8 lines but that's basically the rule of thumb I follow.

David aka spiritfriends

I hope this helps those with questions about the Swap Collector and trading in general.

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