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10.4 A Complete System
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481		 Page 590 of 745
Author:  totty23 [ Thu Jun 27, 2013 3:07 pm ]
Post subject:  Re: 10.4 A Complete System
http://sourceforge.net/projects/classic ... source=dlp

we need bob to keep up the interest?
Author:  Hilk [ Thu Jun 27, 2013 3:31 pm ]
Post subject:  Re: 10.4 A Complete System
Hi all,

Please which page can i get the indicators for this system
Author:  liberty55 [ Thu Jun 27, 2013 3:37 pm ]
Post subject:  Re: 10.4 A Complete System
hi Hilk... the fisrt page , you find all you need...take time to read all and test on demo....

have a nice day

Jean-Pierre
Author:  nanningbob [ Thu Jun 27, 2013 6:01 pm ]
Post subject:  Re: 10.4 A Complete System
kwanann wrote:
Pedigree wrote: Just wondering Kwan, so you mean if that trade had been say, 0.05 lots, there would have been some swap, but if I'd had 5 x 0.01-lot trades there will be none?

Actually typically when you get 0 swap, it is to your disadvantage.

e.g EURJPY has a swap long for $0.10, and swap short for $0.60

So if you take a full lot, keeping this one day will either earn you $0.1 or cost you $0.6

Now if you are trading 0.01, this will become 0.001 or -0.006. Since this amount does not exist, what happens is the 0.001 will disappear i.e 0 swap and the -0.006 will become -0.01 (round up)

Of course if the negative swap is less than 0.5 then yes you are basically trading it "swap-free"

I actually do take that into account when i trade and i typically do not like to keep positions that incur negative swap over to the next day. those with positive swap i might consider.

e.g i HATE keeping any aud or nzd shorts because their negative swap is ridiculously high. BUT i love to keep AUD or NZD buys because their positive swap is also on the high side
I would like to weigh in on the swap issue. Swap only makes a difference if you use high leverage trading. For example if you trade 50:1 swap you are borrowing from your broker 50 dollars for every dollar you use. You pay interest on the money borrowed. If you are high leverage like 400:1 you are borrowing 400 dollars to every dollar you use. Obviously the amount of interest you pay or receive is determined by your leverage. I am a proponent of small leverage and small lot usage thereby making the swap insignificant to my trading decisions. For example the last two weeks I have run 161 trades and my total swap costs is less than 8 bucks. If I reduced my leverage to 25:1, something I am thinking of doing, my swap costs then would be half that. However, if I traded at 400:1 I could multiply my swap costs by 8 and they would be over 50 dollars. Now that kind of funding would get my attention and I would have to consider swap costs in my trading. So lower your leverage and eliminate swap costs from your trading decisions. Most big time traders would not consider going over 10:1. I have also seen that lowering leverage also helps in preventing over trading because you hit a limit at some point and need to close some trades to open new ones. One reason I am thinking of lowering leverage so I will be more judicious in my number of positions.
Author:  nanningbob [ Thu Jun 27, 2013 6:14 pm ]
Post subject:  Re: 10.4 A Complete System
Well gold just dropped to 1200 an oz. Who would have thought? I have never been much of a gold proponent, consider it an outdated form of currency usage, but at times it is a good investment. I remember Jubak saying gold would never go under 1000 ever again. Hmmmmmmmm he may have to eat those words. USA ends QE and gold goes back under a 1000, I think. Gold proponents will have to go hide until the next recession and we get to hear all their stuff again. Go paper money. YEAH.
Author:  nanningbob [ Thu Jun 27, 2013 6:26 pm ]
Post subject:  Re: 10.4 A Complete System
Well Steve must be doing something right FF is down again. Servers crashed. Catching a plane in an hour and heading for Orlando. Will be in Orlando for 4 weeks if anyone wants to get together for lunch let me know and we can plan something. We are thinking of spending a couple of days in St. Augustine, Gainesville, and Melbourne to see family and friends. So anyone in those areas be happy to visit. Las Vegas for a couple of hours at the airport today and then on we go. I have the laptop set up for trading. It would handle the CSS for some reason. It seems these multi-core computers have more trouble with CSS than the old single core I have at school. So I developed a simple 10.4 system that doesnt use CSS and will play around with it for a couple of days and see how it does. Anyway Orlando here we come, ready or not.
Author:  kwanann [ Thu Jun 27, 2013 7:23 pm ]
Post subject:  Re: 10.4 A Complete System
Enjoy your vacation bob.

Interestingly for swap I.m using fxprimus and I've confirmed that no matter the leverage swap is the same for them
Author:  nanningbob [ Thu Jun 27, 2013 7:49 pm ]
Post subject:  Re: 10.4 A Complete System
kwanann wrote:Enjoy your vacation bob.

Interestingly for swap I.m using fxprimus and I've confirmed that no matter the leverage swap is the same for them
that is not the issue it is how much you are borrowing. You borrow more with higher leverage so you end up paying more interest. The higher the leverage the more broker money you are using on the trade. The more broker money you use. The more broker money you use the more interest you pay.
Author:  kwanann [ Thu Jun 27, 2013 7:58 pm ]
Post subject:  Re: 10.4 A Complete System
That's exactly my point, for some strange reason it doesn't apply to fxprimus.

I play 1:100 swap for uj is -0.15
I play 1:500 swap is still -0.15

Or are you saying that if I play 1 lot vs 2 lots, the swap for 2 lots is more?

Sorry I.m kinda lost..
Author:  SWG123 [ Thu Jun 27, 2013 8:13 pm ]
Post subject:  Re: 10.4 A Complete System
nanningbob wrote:Well Steve must be doing something right FF is down again. Servers crashed. Catching a plane in an hour and heading for Orlando. Will be in Orlando for 4 weeks if anyone wants to get together for lunch let me know and we can plan something. We are thinking of spending a couple of days in St. Augustine, Gainesville, and Melbourne to see family and friends. So anyone in those areas be happy to visit. Las Vegas for a couple of hours at the airport today and then on we go. I have the laptop set up for trading. It would handle the CSS for some reason. It seems these multi-core computers have more trouble with CSS than the old single core I have at school. So I developed a simple 10.4 system that doesnt use CSS and will play around with it for a couple of days and see how it does. Anyway Orlando here we come, ready or not.
Hi Bob, you've been travelling so might not be aware that, over on Jemook's thread, some mods were done to the CSS-based indis by garyfritz, spotdespot and mpetersrx7. Instead of refreshing every tick, it can be set by the user so that it only updates periodically - 10 secs, 1min, 5 mins, whatever.

I've found it helps enormously.

Steve
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