Forex Software — Swap rates

Re: Swap rates

2014-03-08T17:19:45Z

Once the Pro edition is ready, I am sure Popov will address any bugs therein, his focus is on the new version until it is ready and he will be interested in correcting any flaws.

I use extra slippage to allow for spikes and provide a margin of safety, my experience has been that we have to make allowances for changes in the market.

I also use 5 pip spread for each instrument and 10 pips for geppy.

Re: Swap rates

2014-03-08T14:28:02Z

Maybe this won't influence the results that much if you are "liberal" as blaiserboy, but I've noticed that the values provided by MT4 are wrong - at least with my broker, oanda. In some cases I receive money and MT4 says I should pay. And I confirm that I really receive money (eg when buying oil or SP500) because I can see the credit in my account. So I use the values provided by oanda and then adjust them a bit to account for normal variations.

Re: Swap rates

2014-03-06T23:45:14Z

jivetrader wrote:

was this ever resolved? i am also confused by the swap in FSB. the popup descriptions (hover over the value fields) are not clear and misleading. a positive value should increase your profit, not decrease.

I use what is entered in Metatrader and a liberal slippage, have not seen great problems.

Re: Swap rates

2014-03-06T23:35:51Z

was this ever resolved? i am also confused by the swap in FSB. the popup descriptions (hover over the value fields) are not clear and misleading. a positive value should increase your profit, not decrease.

Re: Swap rates

2013-07-12T22:20:02Z

Well it's very easy to check, next week I'll open some demo positions and see how much I get or how much I'm charged. I'll post the results.

Re: Swap rates

2013-07-12T21:53:12Z

Popov wrote:

Moreover he told me that's due to the design of the platform.
Sure. They cannot reduce swaps. MT4 will crash

Amen to that!

Re: Swap rates

2013-07-12T21:40:25Z

My advise is to use MT4 swaps. These swaps are set by FXCM in the platform and you are charged according to it. If you trade via MT4 you have to use its settings. This will ensure close backtest and real results.

Moreover he told me that's due to the design of the platform.

Sure. They cannot reduce swaps. MT4 will crash

Re: Swap rates

2013-07-12T19:30:07Z

So I had a chat with a FXCM assistant who told me that swap rates mentioned in MT4 are not correct! Those of TradeStation are! Moreover he told me that's due to the design of the platform.

This is indeed strange as I've never seen anywhere, but for precaution I'll start using the values presented by TradeStation. It's possible that many users are using the wrong parameters, causing them to obtain incorrect backtest reports.

Re: Swap rates

2013-07-12T10:12:08Z

Thanks, will do so.

Re: Swap rates

2013-07-12T10:08:19Z

Search MT4 forum how you can check swaps in MT4. If they are different from that what FST shows, we'll have a problem, but the chance for such an error is almost zero.

Better ask FXCM why they give different swaps for MT4 and TradeStation.

This question is not related to FST in any way.

Re: Swap rates

2013-07-12T09:45:23Z

Popov wrote:

I'm not sure. Negative number for short position means you loose this amount or percent. Both FXCM and TradeStation numbers are negative.
However I don't see what is the connection with FSB and FST.

But I just told you that the tradestation number is positive, meaning that I earn money. The connection with FST is that FST is giving a value different from that provided by FXCM tradestation: FST says I lose money in rollover for short positions and FXCM says I make money! How is that??

Re: Swap rates

2013-07-12T09:38:46Z

I'm not sure. Negative number for short position means you loose this amount or percent. Both FXCM and TradeStation numbers are negative.

However I don't see what is the connection with FSB and FST.

Re: Swap rates

2013-07-12T09:31:36Z

The problem is in the short position. According to FST I would lose in rollover (-1,41%), but according to tradestation I would earn rollover (0,01 USD / lot.day).

Re: Swap rates

2013-07-12T09:22:03Z

FST reads data from the broker. You cannot change them.
If you set the same data in FSB, it will calculate swap correctly.

FSB allows you to set swap type: Percent, Money or Points. If you works via FXCM MT4, you have to set percents. If you want to use TradeStation params, set Money.

In both cases FSB will calculate the swaps properly.

I cannot see a problem.

If you have a different position every day that stays open for the following day, actually you pay the same rollover as if you had a longer term position.

It is correct!!

Re: Swap rates

2013-07-12T09:01:33Z

Thanks a lot Popov.
But then somethins must not be right because in tradestation the values I have, in EUR, are:

Roll S: 0,01 USD / lot.day
Roll B: -0,03 USD / lot.day

In FXCM, positive always means that you are credited. So this is in contradiction with the numbers presented by FST, even if they are (as they must be) in %. You say this is not so important, but in my view it is, because even short term positions will have rollover provided they stay open after 17h EST. If you have a different position every day that stays open for the following day, actually you pay the same rollover as if you had a longer term position.

Cheers,
Nuno