Our MT4 **and MT5 are **configured to roll (T+2) FX pairs by 1 day on a Monday, Tuesday, Thursday, and Friday and roll by 3 days on a Wednesday. This is to reflect how the value date of an FX position rolls in the underlying market. For example:

Example 1:

Today is Monday. EURUSD value date is Wednesday. At **17:00** N**ew **Y**ork** time tonight EURUSD’s value date will roll from Wednesday to Thursday which is 1 calendar day. Hence the roll on a Monday in our MT4** and MT5** is always set to 1 day. The swap value we need to charge in this example is 10 MT4**/5** points (10 per day). Therefore, we quote “10” as MT4**/5** knows that on a Monday it will charge 1 times the value we input. 1 * 10 = 10

Example 2:

Today is Wednesday. EURUSD value date is Friday. At **17:00** N**ew **Y**ork** time tonight EURUSD’s value date will roll from Friday to Monday which is 3 calendar days. Hence the roll on a Wednesday in our MT4 **and MT5** is always set to 3 days. The swap value we need to charge in this example is 30 MT4**/5** points (10 per day). We quote only “10” as MT4**/5** knows that on a Wednesday it will charge 3 times the value we input. 3 * 10 = 30

In the event of a holiday the value date rolls in line with market convention. For example:

Today is Wednesday. We’ll pretend there is a holiday on Monday. EURUSD value date is Friday. At **17:00** N**ew** Y**ork** time tonight EURUSD’s value date will roll from Friday to Tuesday (it can’t roll to Monday as Monday is a holiday) which is 4 calendar days. The swap value we need to charge in this example is 40 MT4**/5** points (10 per day). We quote “13.33” as MT4**/5** knows that on a Wednesday it will charge 3 times the value we input. 3 * 13.33 = 40