Go Back   BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems


Free Forex Trading Systems Got the "Holy Grail" system? Want to share it for free and become everyone's hero? This is the place to do it. (No advertisers please!) Also, follow along as our very own Pip Surfer posts daily updates from his Cowabunga System in the Pip My System Forex Blog.

Reply
 
LinkBack Thread Tools Display Modes
  #341 (permalink)  
Old 09-10-2007, 12:29 PM
dpaterso's Avatar
FX-Men Honorary Member
 

Join Date: Mar 2007
Location: Johannesburg, South Africa
Posts: 2,454
Send a message via Yahoo to dpaterso
Default

Akram,

Are you asking about the rollover at Delta specifically - or just in general?

Put it this way:

All the brokers will have page that details the rollover amounts specific to the currency pair so you just have to go to that page on the broker's website and you will see the amount of interest earned / charged depending on the position that you are holding on the pair i.e. long or short.

Delta is one of the few brokers that I know of that pays / charges interest no matter what you balance or margin setting is. Some of the other brokers will only PAY YOU interest if you have a certain minimum lot size or margin percentage. At THESE brokers you do NOT earn any interest and YOU pay both ways.

Rollover is calculated daily.

Here is Delta's rollover information (they explain it a lot better than I could):

http://www.deltastock.com/common/rol...ta_trading.asp

Regards,

Dale.

Last edited by dpaterso; 09-10-2007 at 12:31 PM.
Reply With Quote
  #342 (permalink)  
Old 09-10-2007, 12:45 PM
Superior Master Contributor and Member
 

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default

Quote:
Originally Posted by dpaterso View Post
Akram,

Are you asking about the rollover at Delta specifically - or just in general?

Put it this way:

All the brokers will have page that details the rollover amounts specific to the currency pair so you just have to go to that page on the broker's website and you will see the amount of interest earned / charged depending on the position that you are holding on the pair i.e. long or short.

Delta is one of the few brokers that I know of that pays / charges interest no matter what you balance or margin setting is. Some of the other brokers will only PAY YOU interest if you have a certain minimum lot size or margin percentage. At THESE brokers you do NOT earn any interest and YOU pay both ways.

Rollover is calculated daily.

Here is Delta's rollover information (they explain it a lot better than I could):

Deltastock Inc.

Regards,

Dale.
Dale,

i was asking in general as u know our strategy we r sticking with involved us to open a postion for like 18 or more days or less.
so do u have like a mathematical calculation of how these people charge us?

So what u mean is that i can be charged both ways if i open the postion and the price is with me or against me?

sorry Dale but i really failed to undersnatd the concept of the rollover although i read about alot but i don't know may be i have a problem!!!

Thanks

Akram
Reply With Quote
  #343 (permalink)  
Old 09-10-2007, 01:12 PM
droesparky's Avatar
Senior Member
 

Join Date: Mar 2007
Posts: 119
Default

Akram

rollover differs a little from broker to broker, but generally it will depend on your leverage. the higher the leverage the more it cost you.
Some pairs if the trade is the right direction pay you int. here again it depneds on the leverage.

the image below is fxsols cost of carry you can get a idea of which ones are most expensive to hold and which ones will pay.

if your short yen pairs with high leverage it gets expensive, however if they are falling its worth it. If not its a double wammy!


I dont know why the thumbnail isnt showing proper but the pic is ok click on it.
Attached Images
File Type: gif costofcarry.gif (15.3 KB, 30 views)

Last edited by droesparky; 09-10-2007 at 01:18 PM.
Reply With Quote
  #344 (permalink)  
Old 09-10-2007, 01:18 PM
Superior Master Contributor and Member
 

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default

Quote:
Originally Posted by droesparky View Post
Akram

rollover differs a little from broker to broker, but generally it will depend on your leverage. the higher the leverage the more it cost you.
Some pairs if the trade is the right direction pay you int. here again it depneds on the leverage.

the image below is fxsols cost of carry you can get a idea of which ones are most expensive to hold and which ones will pay.

if your short yen pairs with high leverage it gets expensive, however if they are falling its worth it. If not its a double wammy!

Hello droesparky,

It has been along time man for u to post any new one any ways i do now undertsnad the concept of the rollover but where is the image u were talking about it is not attcahed

thanks again

Akram
Reply With Quote
  #345 (permalink)  
Old 09-10-2007, 01:22 PM
dpaterso's Avatar
FX-Men Honorary Member
 

Join Date: Mar 2007
Location: Johannesburg, South Africa
Posts: 2,454
Send a message via Yahoo to dpaterso
Default

Hi,

Edit:

(Sorry - we were 'overtyping' each other again so your question has probably already been answered but here was my reply anyway).

OK - let me (try) and explain.

Let's use Delta as an example.

Let's say you bought (went long) 1 lot of EUR/USD and your lot size was 70000.

At Delta the number of swap (or rollover) points for a long position on EUR/USD is -0.75 as per their table.

So the calculation would be as follows:

(-0.75 / 10000) x 70000 (lot size) x 1 (day) = -$5.25 USD

So - for a long position on EUR/USD you would PAY $5.25 USD per day in interest / rollover.

NOW:

Let's say you sold (went short) 1 lot of EUR/USD and your lot size was 70000.

At Delta the number of swap (or rollover) points for a short position on EUR/USD is 0.19 as per their table.

So the calculation would be as follows:

(0.19 / 10000) x 70000 (lot size) x 1 (day) = $1.33 USD

So - a long position on EUR/USD would EARN you $1.33 USD per day i.e. you get paid (or receive) $1.33 USD per day on a long position on EUR/USD.

As detailed in on their web page the calculation for all JPY crosses differs slightly.

Now that's at Delta (for example). At GCI - unless your lot size is set to a minimum of $200 (the default or minimum lot size is $50) - then you NEVER earn interest and only pay interest based on the figures that they give you on THEIR website. If you have increased your lot size to $200 at GCI then you pay and receive as in the above example based (on their calculation and figures).

You just have to check how your broker operates.

Regards,

Dale.

Last edited by dpaterso; 09-10-2007 at 01:26 PM.
Reply With Quote
  #346 (permalink)  
Old 09-10-2007, 01:30 PM
droesparky's Avatar
Senior Member
 

Join Date: Mar 2007
Posts: 119
Default

yeah its there but I dont know why it looks like its blank, go ahead and click on the area where there is normally a thumbnail pic and it will come up.
I think. Let me know if it dosnt, Ill try again
Reply With Quote
  #347 (permalink)  
Old 09-10-2007, 01:51 PM
Superior Master Contributor and Member
 

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default

Quote:
Originally Posted by droesparky View Post
yeah its there but I dont know why it looks like its blank, go ahead and click on the area where there is normally a thumbnail pic and it will come up.
I think. Let me know if it dosnt, Ill try again
No i can't nothing is there please try to send it more time

How is the alligator doing with u did u try it??

thanks for your help
Reply With Quote
  #348 (permalink)  
Old 09-10-2007, 01:54 PM
Superior Master Contributor and Member
 

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default

Dale,

thank u so much now i got the pic it is not that much i think

I will contact STFIX and find out what they do

Akram
Reply With Quote
  #349 (permalink)  
Old 09-10-2007, 04:02 PM
Newbie
 

Join Date: Mar 2007
Posts: 23
Default Aligatore

Dear Akram,
I installed Aligator indicatore in my platform.Would you please explain when 3 lines cross we action or even when 2 lines crosses we sell or buy.
I am a little bit confused.

Thanks
Mike
Reply With Quote
  #350 (permalink)  
Old 09-10-2007, 04:49 PM
Superior Master Contributor and Member
 

Join Date: Sep 2007
Location: Canada
Posts: 505
Send a message via MSN to pip huntter Send a message via Yahoo to pip huntter Send a message via Skype™ to pip huntter
Default

Quote:
Originally Posted by mike1349 View Post
Dear Akram,
I installed Aligator indicatore in my platform.Would you please explain when 3 lines cross we action or even when 2 lines crosses we sell or buy.
I am a little bit confused.

Thanks
Mike
ok mike

the aligator indicatore is having 3 lines which are like the MA'S.We r not concerning about the alligatore to start our action based on them like to buy or sell.but what we do is we follow the Psar when they form a new dot on the opps. direction we start our action wheather to buy or sell depends on the dot where they formed.

What the alligatore do is that the moment this dot appear they form a uturn (up or down depends on the market) and they do one of 2 things

1- they eather go into the direction of the dots (without touching each otheres) forming a trend and that tells u that u have to keep your postion opened to take the max profit

2-they touches each others (the aligator is sleeping and is not hungry any more) so we find the market goes sideways which means that we will never get any profit so we better stay out of the marekt or close our postions.

u can watch them in your platform to feel them more and more

I hope that u now understand my point if not please feel free to ask and i will do my best to help u

Dale i think monday is the worst day durning the week i am fade up with the loss i am having they r not alot but they r really upsetting me i know i should have more patience that what i have.

Regards,

Akram
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 03:02 AM.
Content Relevant URLs by vBSEO 3.3.1
"Notice that the stiffest tree is most easily cracked, while the bamboo or willow survives by bending with the wind."
Bruce Lee
Feedback Form