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:
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.
trading strategies and money management discussion, code, results
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