experience exchange: how to reduce fees?
10 mins before 0 hour, just like you I decide if i want to close trades before incurring overnight swap fees. But I may also decide to remove the sl if i have a trail stop on them, and add it again after the spreads have normalised again.
If i decide to close some, then I may also decide to open trades again to replace the ones that I closed -- again -- after spreads have normalised again.
Hi all,
I have a trading system based on entry signals and now I'd like to focus on how to reduce the fees linked to the broker.
On my end I identified 2 actions:
1. close the positions with negative swap before they go overnight (this introduces fees linked to the spread, but they're far below swap for all the instruments I trade)
2. if a position is about to hit the take profit and I've another entry signal in the same direction, I modify the position instead of closing one and open another (to save spread fees)
Do you have experience/ideas of other ways of reducing fees (or to optimise the actions I did)?
Thanks ;-)
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Hi all,
I have a trading system based on entry signals and now I'd like to focus on how to reduce the fees linked to the broker.
On my end I identified 2 actions:
1. close the positions with negative swap before they go overnight (this introduces fees linked to the spread, but they're far below swap for all the instruments I trade)
2. if a position is about to hit the take profit and I've another entry signal in the same direction, I modify the position instead of closing one and open another (to save spread fees)
Do you have experience/ideas of other ways of reducing fees (or to optimise the actions I did)?
Thanks ;-)