Hi ,
within this thread I wish to record something completely simple. I will do some carry trading which means moving long in a currency with high interest and short in one currency with low interest to collect some fine rollovers. To take part from range periods I will use a grid which means to set stop buy orders over the current price with a spacing of 20 pips plus a tp of 25 pips. This grid will be reloaded from time to time. I exchange AUD/JPY only for now.
The most difficult part are carry trade unwinds which arrive with stock market crashes. That does not happen too often but when it comes it's usually fast and deep. To safeguard my account I will use ultra low leverage plus some sort of hedging if it moves too heavy.
I have started with a little $1,000 account:
http://www.xaron.net/dl/fx/2010/carr...unt_010610.png
And that is how it looks like:
http://www.xaron.net/dl/fx/2010/carry/audjpy_010610.png
Link to MyFxBook: http://www.myfxbook.com/members//carry-grid/34000