Carry Ledger
Positive-swap carry baskets, rebalanced weekly.
Holds a basket of positive-carry FX pairs sized by volatility, rebalanced weekly. Returns come mostly from swap rather than price, which makes broker swap rates the single biggest variable in your results.
Headline figures
- 18-month return
- +13.97%
- Max drawdown
- −3.8%
- Profitable months
- 16 of 18
- Suggested minimum
- €3,000.00
- Return sourcenot direction
- Swap
- RebalanceMonday open
- Weekly
- Basket legsvolatility weighted
- 4–7
Track record
Month by month, unsmoothed
Monthly return
| Month | Return | Drawdown | Trades |
|---|---|---|---|
| Oct 2026 | +1.25% | −1.0% | 63 |
| Sep 2026 | +0.85% | −0.8% | 56 |
| Aug 2026 | +1.45% | −1.1% | 49 |
| Jul 2026 | +1.10% | −0.9% | 42 |
| Jun 2026 | +0.95% | −0.8% | 35 |
| May 2026 | +1.35% | −1.0% | 28 |
| Apr 2026 | +1.20% | −0.9% | 61 |
| Mar 2026 | -1.80% | −2.4% | 54 |
| Feb 2026 | +1.00% | −0.8% | 47 |
| Jan 2026 | +1.40% | −1.0% | 40 |
| Dec 2025 | +1.15% | −0.9% | 33 |
| Nov 2025 | +0.90% | −0.8% | 26 |
| Oct 2025 | +1.25% | −1.0% | 59 |
| Sep 2025 | +1.05% | −0.9% | 52 |
| Aug 2025 | -3.20% | −3.8% | 45 |
| Jul 2025 | +1.30% | −1.0% | 38 |
| Jun 2025 | +1.10% | −0.9% | 31 |
| May 2025 | +0.95% | −0.8% | 24 |
These figures are illustrative sample data used to demonstrate the platform. They are not trading results and no money was at risk. Past performance is not indicative of future results.
The strategy
How Carry Ledger trades
What it does
Carry Ledger builds a basket of positive-swap FX pairs, sizes each leg inversely to its recent volatility, and rebalances weekly. Most of the return comes from holding the carry, not from directional price movement.
How it manages risk
- Basket-level exposure cap, with per-leg sizing inverse to 20-day realised volatility.
- Correlation filter prevents the basket collapsing into one effective position.
- A portfolio drawdown guard reduces all leg sizes once an equity threshold is breached, rather than closing everything at once.
What it does not do
- It does not hedge the carry trade's main risk, which is a sharp unwind. The −3.2% month in the published record is exactly that event, and a deeper one is possible.
- It does not pick direction, so it will not profit from a trend against the carry.
- It is unsuitable for accounts where overnight exposure is restricted or where swap is charged at a punitive rate.
A warning worth reading twice
Carry strategies produce long runs of small, steady gains punctuated by sharp losses. The equity curve looks reassuring right up to the point it does not. Size this strategy for the unwind, not for the quiet months.
Requirements
- MetaTrader 5
- Suggested minimum balance of €3,000; the basket needs several legs to behave as designed
- A broker with competitive, transparent swap rates — check these before buying, because they determine most of your return
- Overnight and weekend exposure is inherent to the strategy
Licence tiers
Pick the scope you need
Tiers differ in how many live trading accounts the licence covers and which features are unlocked. The strategy itself is identical across tiers — a higher price does not buy a different edge.
Standard
One live account.
- 1 live account covered
- Licence does not expire
- Email support
- Free updates for 12 months
- Default basket
Pro
Three accounts and custom basket construction.
€499.00
- 3 live accounts covered
- Licence does not expire
- Priority email support
- Lifetime updates
- Custom basket construction
- Swap-rate comparison tool