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

Forex.com pairs

Hi Everyone,

Here are the pairs used on Forex.com and the direction based on the weekly charts using my custom indicator for a directional guide.

silver-buy gold-buy eurusd-buy usdchf-sell gbpjpy-buy eurchf-buy eurgbp-sell
audusd-buy usdcad-sell gbpusd-buy usdjpy-sell audjpy-buy audnzd-sell cadjpy-buy
chfjpy-buy audcad-buy euraud-sell eurcad-sell eurjpy-buy gbpaud-sell gbpcad-sell gbpchf-buy nzdjpy-buy nzdusd-buy

I will be previewing some charts that are about ready to turn or have just turned which would make for some nice profits.

David aka spiritfriends

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

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

2 Pair Update

Hi Everyone,

I just received a comment and question from a fellow trader and you can read his comment below in the last post.The answer to that question...any pair can be used with the Swap Collector. Since we had the chaos 6-8 months ago,a lot of brokers have negative swap for both the buy and sell sides.The 4 pair does have a pair that gives great swap but as observed from a fellow trader,the overall swap for the 10 and 2 pairs have negative swap.When your playing with smaller funds there isn't great collections of swap experienced.The most important side of the SC then becomes how the pairs inter mingle with each other.When you close an account to start over you certainly don't want a big chunk of your profits gone to swap so you must try your best to counter the swaps so the swap subtraction is minimal.
If you follow the steps with Swap Collector,you will have good profits even though the pairs are both paying negative swap.I just finished closing my 2 pair of GBP/JPY and EUR/USD and banked over $2000 using .05 or 5 cents per pip and 20 max orders.I'll be adding a video this weekend for everyone to view.

Thanks for dropping by!

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

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