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Forex Trading Webinar Monday Night 8:00 GMT

Don’t Miss out I will be showing off the secrets of the SignalTrader Forex Trading system and STROBOT Trading Robot

Please register for Forex Trading with STRobot and SignalTrader Forex Trading System on Jul 28, 2014 8:00 PM BST at:

https://attendee.gotowebinar.com/register/2970197981540287745

A demonstration of the SignalTrader Forex Trading System and STROBOT Automated Robot

After registering, you will receive a confirmation email containing information about joining the webinar.

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GBPUSD Long entry order (manual)

Ok so we have GBP GDP figures this morning and I have been looking for a suitable trade. GBPUSD is of prime interest, I’ve used STROBOT’s set up on it and the chart to take an entry order after the last support @ 1.70360. You can see that the pair has been in a bullish trend for a whole but has been dropping with USD strength.

My stop is at 1.69612 Strobot’s suggested stop and my TP at 1.71908.

This is purely a manual speculative trade. I want to give the pair room to whipsaw which it probably will. thus my entry is 42 pips from price. This pair can move a lot of pips.

So target is 145 pips from my entry but we have to get 42 pips up first. With this pair this is absolutely not a problem and a 200 pip move is not uncommon, the last was on the 12 of June.

And then…

STROBOT decided he’d take a LONG GBPCHF!!! 2 minutes before news – a much better choice I think.

 

http://www.strobot.co.uk

CADJPY long finally in play since yesterday.

So STROBOT took a long on CADJPY yesterday. It’s not doing to bad but hardly racing up in the air. You can see that the JPY has dropped off a lot during the EUR session.

Notice the white dot on yesterday’s candle where STRobot entered.

Now we wait 149 pips to target. Hopefully it won’t be ruined by news as was my lovely EURNZD short last night – although it did stop out in profit so I still made 8 pips or so.

http://www.strobot.co.uk

Differences between live accounts and demo accounts.

I am not accusing anyone or anything but demo accounts ARE different from live accounts.

Here’s some proof – I did post something like this some time ago.

Ok. So here is the LIVE account for EURNZD on daily – you’ll see that it has one target at 1.54107 – the 4th candle back – is RED, bearish.

Now here is the SAME broker – on their demo account – the 4th candle back is – GREEN!!! and actually STROBOT saw it as another target.

Now this means LIVE accounts took a SHORT on EURNZD and demo’s didn’t because the Risk Reward was to small.

Mysterious.

I’m interested in getting other brokers charts and comparing them. Seems to me something is afoot. I don’t think they are “out to get us” but there are differences which make it difficult because we really do need consistency between brokers and charts to develop trading software.

Now Check this out

Live account EURNZD – you can see after a big move.

But the demo account is MILES the other direction. So a demo trader would think they had placed the correct trade and probably TP’d whereas the live trader in a short would have stopped out.

http://www.strobot.co.uk

 

CADJPY trade coming into play

So we are looking today @ a CADJPY trade that is lining up, I’m waiting for STRobot to take it but as the markets have been slow he’s not taken any trades yesterday.

You can see the massive indicator at the bottom of the screen is showing we are getting ready for the break, looks like a great target too just might take a long time to get there in these markets.

However I think GBPCAD long could go first.

There is a new webinar on the main strobot site and it’s had a re-design.

http://www.strobot.co.uk

 

FREE Forex Trading Seminar – watch from home – today!!!!

I am giving a free webinar tonight about FOREX trading ad the SignalTrader forex Trading System.

Please REGISTER as there only a few places left.

Introduction to the SignalTrader Forex Trading System and Trading the FOREX

Join us for a webinar on Jul 21, 2014 at 8:00 PM BST.

Register now!

https://attendee.gotowebinar.com/register/1523257171906752770

Great for new traders, the SignalTrader Forex trading system demonstrated with Q&A session

After registering, you will receive a confirmation email containing information about joining the webinar.

View System Requirements

The dangers of grid robots and my very slow EURUSD short.

 

So it’s been a slow kind of mover after an initial burst on my EURUSD short.

You’ll note the targets are now in pips from price which means you can see at a glance how far you are from your target. Anyway – here it is I took some profit out of it by moving my stop down as it’s so low. Currently @ 45 pips profit.

 

The Dangers of Grid Trading

I watched a very interesting trading video yesterday.

https://www.youtube.com/watch?v=yNw2d-ilFXY it shows an $85k real account wiped out!

I have always been worried about grid trading (that’s why I don’t do it) Grid trading normally works like this, if you know a pair generally heads bullish then when it moves bearish you put a lot of buy orders on. Then, when the pair heads back up it takes in your buy orders and then you take profit at the top before it turns down again.

Sounds great?

So where it goes wrong is that if you have a pair lets say that drop 50 pips, come up, take your 5 orders and lock in your trades then changes direction fast back the other way you are left with 5 bad trades (unless you let them stop).

Sometimes these systems can make money for months on end and then lose it just as quick!

The video also shows how you can manipulate Myfxbook to only show what you WANT people to see. In this case the trader had hidden the live trades so that means that no -one could see how much his trades were losing at anyone time.

I did try out a system like this some time ago with bad results.

STRobot is not like this

The SignalTrader Forex Trading System Robot works on some strict principles.

Firstly he identifies support and resistance using Macros, then looks @ the price and sees where it is, calculates stops using ATR and a moving average and decides if this is a trade he wants to take, then he waits for the SignalTrader Massive indicator’s streams to cross and takes the trade. He also makes trades safe and manages stops. He only trades with the trend so looking at the Signal line in the above chart he will only tread shorts below it and longs above it. Basically behaving like  a trader.

(Without the emotions)

He does a few other things as well but I don’t want to let out ALL my secrets. (Some things he does are processed on external servers.

To find out more:-

http://www.strobot.co.uk