Stop Losing Big on Daily Forex Interest
Swap is the amount of daily interest that you get paid, or pay, on your open Forex positions. This amount is tripled on Wednesdays.
Therefore, it's important to know how much you're paying in interest on your open trades. This is also called negative swap.
But do you know how much you're paying on your negative swap trades?
This simple MetaTrader 4 EA will show you.
What You'll See
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 market information.
The red arrows are drawn in to show you the markets/sides that you should probably avoid.
Having access to this information in real-time will help you save money by showing you exactly which markets/sides to avoid because of the high negative swap.
If this is useful to you, click this button to buy this EA.
Stop Bleeding Cash
If you don't track the swap on your Forex trades, you can pay quite a bit in swap 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 (negative swap).
Trading markets that don't have positive swap will cut into your profits or make your losses even bigger.
So it really pays to keep track of the 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 write down the swaps, then move on to the next market.
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.
From there, you'll see the list of currency pairs that have positive swap in the upper left corner of the screen.
That's all there is to it.
Now you can see all of the markets/sides that have negative swap at a glance. When the swaps change, you'll see the change immediately on this list.
You can add this list to 1 chart or multiple charts.
So if you want to get this valuable swap information 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.