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.
So STRobot v70.3/4 has been trading really really well. I have some test accounts Live ones that I leave alone and I’ve just put a $50USD one on, STRobot has traded it up to $118 in 24 hours using 0.02 lot size. Click Here to see the results! (300 pips profit approximately)
So I thought I’d go through 3 trades STRobot has taken and you can see the artificial intelligence working.
STRobot detects a fast break in price, he then will place a trade straight away – ideal for news.
2. The HEDGE – STRobot had a long trade on but the market changed direction so he set up a hedge short to cover the losses of the long – one of these trades will stop out, the other will take profit covering the cost of the first trade, and ofcourse making a small profit.
2. The Slow move – STROBOT sees a potential break out of a range so places an entry order above the level it needs to break. Then as the market moves up he will let the trade happen. In this case the price has broken the level and we are waiting for the profits!
STRobot has a trailing stop system that tries to avoid getting close to soon, every fast move or slow move is followed by a pull back you will lose at trading if you let your stops run and close your profits early. You should calculate your targets and have a big trailing stop to trail up behind it, if you let it stop out in profit at your trailing stop level. STRobot’s trailing stop works more using fib levels and strength, so as the market gets closer to our target so does our trailing stop.
STRobot has taken an interesting short on GBPJPY it looks like a nice bounce off of the 38.2% fib level targeting the 61.8%. We have Carney speaking later do we have a head and shoulders reversal in progress?
I have also marked the Buy/SELL STRobot signals on this chart so you can see what it does. STRobot ofcourse trades automatically using entry orders. So the fake ones tend to be taken out because they never happen.
As you can see STRobot has a number of good entries on this chart – not forgetting he trades 40 currency pairs.
In order to filter out some of our trades I’ve been teaching STRobot the Forex trading Robot how to use FIB levels. He now trades certain fib level areas using his existing algorithms for entry.
So STRobot will trade between the 61.8%, 33.2% and 23.6% fib levels. He trades only from those lines – where the stop is below the level (for a long) and the entry is above the level or for a short where the stop is above the level and the entry below the level.
The TP targets are the next level -10 pips.
Using the current strength system STRobot is able to find the entries and trade. He has a new trailing stop system as well that is able to hold back when the market moves and move closer when the market is losing strength.
I am going to produce a new video shortly with some of the extra features shortly.
Today we get to here if the ECB will introduce Quantitive easing to stop deflation (negative interest rates). STROBOT sold EURGBP and EURUSD overnight.
If the ECB do go with QE we can expect the market to drop possibly as fast as when the CHF pairs went. We are set up ready in a good entry on the pairs with just a 30 pip stop. But STROBOT will go safe at 30 pips. Small risk, high rewards!.
I have made a brand new STROBOT Forex trading video you may enjoy!