Carry Trade NZD/JPY

[pjimmyinahouse]

Hi all,

The idea is always buy on a pair with positive swap. As positions turn against you average down.
No need to go into too much detail with the carry trade strategy as its all been posted before:

http://www.forexfactory.com/showthread.php?t=70480

Was wondering if anyone uses this type of system with EFX?
The obvious pair to try would be NZD/JPY as the buy premium is the best (I think). It pays around $14.50 per standard pip.

Dangers of using something like this will be large draw-downs so MM would be critical to sucess.

Your thoughts and observations are welcome.
I have very little live trading experience so don't want to give a subjective opinion if I can help it.


Regards
Paul