Sorry I’m not selling STRobot any more – here’s an update from Friday.
The Bug that turned into a trading algorithm had me in 700 pips YES 700 pips of open trades.
Here’s a trade that TP’ed out. You can see STRobot finding entries. He correctly identifies the break out of the congestion. The red diagonal line shows the actual trade, his target just above the next FIB line.
In a happy accident I discovered some maths that meant that STROBOT now has a new entry system. Here’s it in action.
The small green bar at the bottom of the screen is the buy signal, a red one is a sells signal, strobot places an entry order on the yellow line and waits, targets are set using FIB levels.
STROBOT seems to know when the market is about to change direction – the BLUE indicates a no trade. Mostly in flat markets.
See how STROBOT saw the sell coming! Even though the market looked like it was in a strong buy.
I have decided to stop selling STRobot after a meeting with a big trader last night, instead I am basically trading with him myself and a small group of traders who have been with me for sometime.
Ok – I’ll start by saying that this s NOT ALL the things STRobot does to qualify a trade entry – he does use FIB levels as well.
First of all STRobot looks at the daily chart.
Then the 4 hour chart
Then lastly the 15 minute chart – see the red bars they are entry order places.
So basically no-one in their right mind would buy this pair – STRobot is looking for detailed entries based on the charts.
I’m in the 2nd of two trades with NZD CAD. The first one achieved target above the Fib level at 0.8471 and the second one took on at 0.84685.
So STROBOT has set up USDCAD and has a trade in currently at 80 pips profit, he has set up another trade at entry 1.23375 for a long.
So he is building trades on existing profits.
The original entry order set at A and the new entry order at B so as we get the break out of the second area of congestion we are able to build up the trade for the new targets.
111pips profit target in the original trade.
Strobot spotted an interesting flat market with GBPAUD and placed an entry order back at 6:30am this morning, the trade took and has broken quite an important level so is now rallied up, we are 67 pips in profit with a target of 240 pips at the sub fib level (this is essentially a 61.8% fib level sitting between the daily 23.6% and 61.8%), STRobot sometimes uses these levels.
Current Trades (in pips)
Annoyingly while I was writing the post we got up to 81 pips
Starting to day with the hourly chart on one of my live accounts you can see a drop of 100 pips on EURNZD, the FIB LINE 61.8% is our target (just above). STROBOT predicted the fall yesterday in fact and entered the trade @ 21:35 GMT yesterday evening, the pair bounced back up but kept within our stop and has now broken down. Target is a lovely 228 pips.
Here’s the 15 minute chart.
As you can see it’s a great entry and STROBOT has come out of the turn rather nicely.
UPDATE GOLD STAR TO STROBOT
STROBOT just TP’d this trade for 228.10 PIPS Awesome, the pair has now started to bounce back of of the 61.8% fib level.
Sometimes STRobot does really amazing trades check out this FIB level trade where he took an entry from he 23.6 to the 38.2 and closed at target
Look at the way STRobot set up the trade you can see he’s thinking about the shorts for quite a while before the entry happened and his target was perfect for 134 pips profit.