See a List of Markets That Have a Favorable Hedged Swap
Swap is the amount of daily interest that you get paid, or pay, on your open Forex positions. This amount is tripled on Wednesdays.
If you hedge in the Forex market, it's important to know how much a fully hedged trade will really cost you.
Otherwise, you might be holding a very expensive hedge that could be costing you a lot of money every day.
So how do you filter out markets that have expensive negative hedges and only see cheaper, tradable markets?
This powerful MetaTrader 4 EA will show you.
What You'll Get
Here's an example of what you'll see when you add this EA to your chart.
This information will appear in the upper left corner of the chart under the Forex pair information.
It will show you the net swap of all of the currency pairs in your Market Watch window.
You'll see exactly how much each pair charges when you hold an equal long and short position at the same time.
The calculation of the Net Swap simple:
Net Swap = Long Swap + Short Swap
Having access to this information in real-time helps you understand which currency pairs you may want to trade, and which ones to avoid.
If this is useful to you, click this button to buy this EA.
The Filtered Swap EA in Action
You might be thinking that this is great, but how does it apply to real world trading?
Well, the answer is simple…
If you're hedging, you want to know how much money you're losing every day because of the swap.
When you know the net swaps for each market you're trading, you'll know which markets to trade and which ones are simply too expensive to trade.
Stop Bleeding Cash
If you don't track the net swap on your Forex trades, you can pay quite a bit in swap, especially if you keep your position open for several days, weeks or months.
In addition, if you trade other markets like indexes or crypto, the swap cost is probably a lot higher than you think.
So it really pays to keep track of the net swaps of all of the Forex pairs that you trade.
You can do it without this EA…but it takes a lot of time.
The Manual Way to Check Swaps
Before I get into how this EA works, let's take a look at how you have to do this without the EA.
This will show you how much time the EA saves.
First, open the Market Watch window in MetaTrader 4.
Then right-click on the market that you want to check. Select Specification and scroll down to the bottom of the pop up window.
This is where you'll see the long and short swap for that market.
Now add those 2 numbers together to get the net swap.
It helps to add this information to a spreadsheet so you can track all of your markets.
Yes, this process will take a lot of time because you'll have to manually check every single market you're trading.
Don't want to check every pair manually?
Neither do I.
Here's the solution…
How to Use this Expert Advisor
First, setup your Market Watch window and include all of the markets that you want to track.
Next, install this EA in MetaTrader 4, then make sure that the AutoTrading button is turned on. It's turned on when the button is green.
Then open the Navigator window and drag and drop the EA from the list onto any chart.
Once the EA is on your chart, right-click anywhere on the chart and select: Expert Advisors > Properties.
Then select the Inputs tab.
Double-click the Value field and change it to the maximum negative net swap you want to see. I suggest starting with -8.
From there, you'll see the net swap of all the markets that meet your criteria in your Market Watch window, in the upper left corner of your chart.
That's all there is to it.
Now you'll see a short list of all the markets that fit your net swap criteria.
All of the markets on your list will have a net swap that is better than the number you input in the Properties screen.
You can add this EA to 1 chart or multiple charts.
So if you want to see this valuable information at a glance, without checking each market manually, then click this button to buy this super useful EA.
Frequently Asked Questions
Click the “+” symbol to see the answer to each question.